David Tepper is an American hedge fund manager and a billionaire, find out more about him and his net worth in 2023 and wife
Forbes has named David Tepper, owner of the Carolina Panthers, as one of the wealthiest sports club owners in the world. Nevertheless, he also has his own rags-from-the-riches story.
Who is Charlotte FC and Carolina Panthers owner David Tepper, net worth, bio, age, family, wife and education
David Tepper has ruined this franchise. The only growth we've seen is his ego.
He's taken advantage of South Carolina, first with the project in York County and now moving training camp out of Spartanburg.
At this point, just change the name to the Charlotte Panthers. https://t.co/Gd9SqtZliu
— Matthew Goins (@mattcgoins) December 6, 2023
He began his journey from humble beginnings and was raised in a middle-class home by parents, one of whom worked as an elementary school teacher and the other as an accountant.
As he was recently announced as one of the wealthiest sports club owners in the world, many people currently curious about how is he making money and what is his current net worth. So, here’s what we know:
Who is David Tepper?
David Tepper is a renowned American hedge fund manager and a billionaire. He has been in the news because he was named one of the wealthiest sports club owners in the world by Forbes magazine.
He was born on 11 September 1957 in Pittsburgh, Pennsylvania, U.S. His father’s name is Harry, who was an accountant, and his mother’s name is Roberta, who is an elementary school teacher. He also has one sibling and was brought up in a Jewish family.
David Tepper did his schooling at Peabody High School in Pittsburgh. Later on, in 1978, he enrolled at the University of Pittsburgh where he did his graduation and earned a Bachelor of Arts degree in economics. Later on, he went to Carnegie Mellon University’s business school to pursue an MBA.
He married twice. At first, he married Marlene Resnick Tepper and the couple became parents of three children. However, around 2016, things went wrong between the couple and they got divorced. Later, after being in a long time relationship, he married Nicole Bronish in 2019. He is currently 66 years old.
Career
After earning his MBA, David Tepper joined Republic Steel’s Treasury section in Ohio and then moved to Keystone Mutual Funds in Boston. After earning his MBA, he joined Republic Steel’s Treasury section in Ohio and then moved to Keystone Mutual Funds in Boston.
But what really made him famous was his work as a credit analyst at Goldman Sachs in New York starting in 1985. Soon Tepper, along with Jack Walton, co-founded Appaloosa Management L.P.
According to Investopedia, the hedge fund’s explosive ascent became apparent in just six months, yielding an astounding 57% return on assets. Over time, David Tepper’s commercial acumen and smart financial sense were evident in Appaloosa’s tremendous asset growth, which culminated in an astounding valuation of $3.82 billion by 2022.
Notably, he is the principal stakeholder in three significant businesses. He owns Charlotte FC in Major League Soccer and the Carolina Panthers in the NFL. In addition, he is the creator and director of Appaloosa Management, a worldwide hedge fund with its main office in Miami Beach, Florida.
The net worth of David Tepper
David Tepper’s estimated net worth is $18.5 billion, according to Forbes.