David Tepper's Biography

David Tepper is a renowned American billionaire investor, hedge fund manager, and philanthropist, best known as the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach. Born on September 11, 1957, in Pittsburgh, Pennsylvania, Tepper rose from modest beginnings to become one of the most successful investors of his generation. After earning a degree in economics from the University of Pittsburgh and an MBA from Carnegie Mellon University, Tepper built his reputation at Goldman Sachs before launching Appaloosa in 1993. His bold strategies, particularly investing in distressed assets during financial crises, have earned him substantial returns and industry acclaim. In 2018, Tepper purchased the NFL’s Carolina Panthers, further expanding his influence into professional sports and later acquiring the soccer team Charlotte FC. Known for his straightforward personality and philanthropic initiatives, he has donated hundreds of millions to educational causes, including a transformative gift that led to Carnegie Mellon's business school being named in his honor. As of 2024, David Tepper's net worth is estimated at over $20 billion, making him one of the wealthiest figures in finance and sports. Tepper's story exemplifies determination, financial acumen, and a commitment to giving back, making him a significant force in both the business and philanthropic worlds.