David Tepper

President and Founder of Appaloosa Management

"I’m not afraid to lose money, that’s what makes us different."


Net Worth as of 5/3/2023

Carolina Panthers

NFL Team Owned


Year Tepper Founded Appaloosa Management

accurate as of 05/16/2023


David Tepper is the founder and president of Appaloosa Management, a hedge fund based in Florida. He created the company in 1993, and his fund has become one of the most noted in the industry.

Before becoming the founder of Appaloosa Management, Tepper was the head of the junk bond desk at Goldman Sachs but left when he was passed over for partner.

While Tepper’s Appaloosa Management currently manages an impressive $13 billion, that is down from its peak at $20 billion.

To add to his portfolio, in 2018, Tepper purchased the Carolina Panthers for $2.3 billion.

Why He’s a Top Money Expert:

David Tepper is one of the most successful investors of his generation. His hedge fund, Appaloosa Management L.P., has consistently outperformed industry peers and the broader global markets since its inception.

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