The corporate sector needs some real diamonds who, by coming up with innovative techniques and plans, may boost the economy exponentially. One such well-known figure in American business and investing circles is David Tepper. He is well known for funding “distressed firms.” He totally distinguishes out from the crowd because to his distinctive investing approach.
Quick Facts
| Celebrated Name: | David Tepper |
|---|---|
| Real Name/Full Name: | David Alan Tepper |
| Gender: | Male |
| Age: | 66 years old |
| Birth Date: | 11 September 1957 |
| Birth Place: | Pittsburgh, Pennsylvania, United States |
| Nationality: | American |
| Height: | 1.75 m |
| Weight: | 85 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Marlene Resnick Tepper (m. 1986) |
| Children: | Yes (Casey Tepper, Brian Tepper, Randi Tepper) |
| Dating/Girlfriend (Name): | N/A |
| Profession: | American billionaire businessman, hedge fund manager, and philanthropist |
| Net Worth in 2024: | $12 billion |
David Tepper Biography
David Tepper was born on September 11, 1957, to public school teacher Roberta and accountant Harry Tepper. He is the second of his parents’ three children to be born. He was raised in Pittsburgh, Pennsylvania, in a neighborhood of the lower middle class. He was a math prodigy from a young age and used to brag to his older sister about how well he could multiply and add. David Tepper was able to perform intricate computations at the young age of 4. He changed from being a shy and reserved child to a class clown. David was a talented student, yet he never received a “A.” Because of his mischievous nature, he once found himself in the Principal’s office.
David Tepper was motivated by his father’s financial advice to make his initial investment of 100 shares for $2. Even though he lost the money, he continued to make investments. David Tepper was a superior actor and received a Best Actor award for participating in a school production. In 1978, he graduated with a Bachelor of Arts in Economics with Honors from the University of Pittsburgh. He also worked at the university’s fine arts library to help pay for his education. After graduation, Proctor & Gamble extended an offer to hire him, but he opted to work as a credit and securities analyst with Equibank in Pittsburgh.
David Tepper Age, Height, and Weight
David Tepper, who was born on September 11th, 1957, will be 66 years old in 2024. He stands 1.75 meters tall and weighs 85 kilograms.
Career
After earning his MBA in 1982, David Tepper worked at Republic Steel in Ohio’s treasury. David was afterward hired by Goldman Sachs, where he mostly worked in the bankruptcy sector from 1985 to 1992.
Early in 1993, he left the company and established his own Appaloosa Management. Since that time, David Tepper has accrued significant advantages in the hedge fund industry and has developed into a nervous investor. According to a New York Times report, he perfected the skill of working on tenterhooks as he purchased distressed financial assets and realized a significant profit, elevating him to the position of top-earning hedge manager for 2009.
David Tepper’s Net Worth
David Tepper’s net worth was $12 billion as of February 2024. Because of his propensity for making risky investments, he is one of the richest persons in New Jersey.
David Tepper is known for his unique investment approach, which brought him significant gains in terms of money and popularity. The secret to maintaining a top reputation in any sector seems to be exceptional and self-assured.
David Tepper Wife, Marriage
Marlene Resnick and David Tepper were married in 1986, and they went on to have three children: Brian, Randi, and Casey. In 2013, David and Marlene made Carnegie Mellon University its largest gift, costing $67 million. As a result, the school’s Tepper School of Business was named in his honor. Apparently, the pair got divorced in 2014.
