David Tepper Biography

David Tepper, a business speaker and the founder of Appaloosa Management, is an American value investor and successful hedge fund manager. His area of expertise is troubled enterprises. Tepper was born and raised in Pittsburgh, where he attended the University of Pittsburgh and Carnegie Mellon University. Following his MBA, Tepper worked in mutual funds before joining Goldman Sachs, where he eventually rose to the position of head trader on the high-yield desk. He held this post for eight years before leaving in 1992 to found Appaloosa Management, a hedge fund that specialized in troubled firms. David Tepper was the highest-paid hedge fund manager in the world by 2009. David Tepper is the 63rd richest individual in America, according to Forbes, with a fortune of $5 billion. Tepper has given a substantial portion of his money to the University of Pittsburgh and Carnegie Mellon during the last decade. In 2003, he gave $55 million to the Carnegie Mellon University School of Business, which was renamed after him. He's also given money to other charities in Pittsburgh, including a $7 million donation to a local food bank. David Tepper is available for corporate appearances, speaking engagements, and hosting.

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