In this success post, we are going to share the story of David Tepper, the founder and president of Appaloosa Management. A well-known name in investment circles in the United States, David is a hedge fund manager. He invests in distress companies.
His unique investment strategy has placed him and his firm in a different league altogether. Tepper is a philanthropist. He is supporting the 2019 Jeb Bush presidential campaign.
David Tepper Childhood
His was born on the 11th of September 1957, in the East end of Pittsburgh, Pennsylvania to Jewish parents Harry and Roberta Tepper. His father was an accountant and his mother, an elementary school teacher.
Tepper went to the Peabody High School in Pittsburgh. He graduated with honors in Economics from the University of Pittsburgh. Because he started experimenting in the investment sector from a very young age. Tepper did his MS in the Industrial Administration from Carnegie Mellon University.
David Tepper Career
He started his career with the Equibank as a credit analysis in the Treasury Department. He joined the Treasury Department at Republic Steel of Ohio on completion of his MS Studies. Tepper worked at Keystone Mutual Funds, Boston.
David Tepper Personal Life
David is married to Marlene Tepper. The couple is blessed with three children, Brian, Casey, and Randi. Tepper enjoys Baseball, Softball, and soccer. Because he coached these children’s school sports teams in these games.
David Tepper Recognition
He won accolades when The New York lauded his astounding success and named him “the Top earning Hedge Fund Manager of 2009”.
Tepper was rated as one of the top-earning hedge fund manager for the year 2012 by Forbes. He was also again featured as one of the 25 Highest-Earning Hedge Fund Managers in 2017 by Forbes.
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