David Tepper Net Worth : $7.9 Billion
David Tepper is a renowned American hedge fund manager. He was born and raised in Pennsylvania. His mother, Roberta, was an elementary school teacher, and his father worked as an accountant. The financial guru has an impressive academic pedigree. In 1978, he graduated with a Bachelor of Arts Degree in Economics from The University of Pittsburgh.
He also holds an MBA in Business Administration from Carnegie Mellon University. After graduation, he worked as a credit analyst for Equibank. In 1993, he co-founded the Appaloosa Management hedge fund that specializes in distress debts and other debt securities. The hedge fund has been a massive success with over $20 billion in assets under its management.
In 2012, he was named the highest paid hedge fund manager. David Tepper continues to set higher standards for hedge fund managers with his phenomenal track record. As his bank account figures skyrockets, so does Tepper’s philanthropy. In 2006, he donated $1 million in support of the Israel Emergency Campaign.
He has also donated a total of $125 million to his alma mater Carnegie Mellon University, which has the Tepper School of business named after him. His net worth of $7.9 billion is nothing to scoff at.