28 Facts About David Tepper

David Alan Tepper was born on September 11,1957 and is an American billionaire hedge fund manager.

David Tepper is the owner of the Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer.

David Tepper earned a bachelor's degree in economics from the University of Pittsburgh in 1978, and an MBA from Carnegie Mellon University in 1982.

David Tepper is the second of three children of Harry, an accountant, and Roberta, an elementary school teacher.

David Tepper was raised in a Jewish family in the Stanton Heights neighborhood of the East End of Pittsburgh, Pennsylvania.

David Tepper attended Peabody High School in Pittsburgh's East Liberty neighborhood, followed by the University of Pittsburgh, helping pay his way by working at the Frick Fine Arts library.

David Tepper received a Bachelor of Arts degree in economics and graduated with honors.

David Tepper began small scale investing in various markets during college.

In 1985, David Tepper was recruited by Goldman Sachs as a credit analyst, which was forming its high yield group in New York City.

David Tepper is credited with playing a major role in the survival of Goldman Sachs after the 1987 stock market crash.

David Tepper began operating from a desk in the offices of mutual-fund manager and Goldman client Michael Price, aggressively trading his personal account in hopes of raising enough money to start his own fund.

In January 2018, David Tepper praised President Trump's corporate tax cuts, saying that the bull market still had room to grow and denying it was overvalued.

David Tepper keeps a pair of brass testicles in a prominent spot on his desk, a present from former employees.

David Tepper rubs them for luck during the trading day to get a laugh out of colleagues.

David Tepper bought the NFL's Carolina Panthers from original owner and founder Jerry Richardson in May 2018, and was forced to sell his Steelers shares.

David Tepper beat out a rival bidder with more ties to the Carolinas, Ben Navarro, thanks both to speedy NFL vetting and his $2.2 billion bid, the highest in NFL history, lacking other investors.

David Tepper reportedly paid $325 million in expansion fees for the franchise, setting an MLS record.

In 2015, Tepper donated to both US Senator Charles E Schumer and then-US House Speaker John Boehner.

On March 19,2004, David Tepper announced that he would make a single donation of $55 million to Carnegie Mellon University's business school.

Further, in November 2013, Carnegie Mellon announced a $67 million gift from David Tepper to develop the David Tepper Quadrangle on the north campus.

David Tepper has made several large gifts to the University of Pittsburgh, including several endowed undergraduate scholarships and support of academic centers and university-run community outreach programs.

In 2006, David Tepper donated $1 million to United Jewish Communities of MetroWest New Jersey toward their Israel Emergency Campaign.

David Tepper serves as a member of the business board of advisors for the David Tepper School of Business at Carnegie Mellon and serves on various boards and committees for charitable and community organizations in New York and New Jersey.

In 2018, David Tepper was the keynote speaker at Carnegie Mellon University's 121st Commencement and was awarded an honorary doctorate degree.

In 1986, he married Marlene Resnick David Tepper; they have three children: Brian, Randi, and Casey.

David Tepper had bought the property from the ex-wife of his former boss.

David Tepper had been New Jersey's richest taxpayer at the time.

In October 2020, David Tepper announced he was returning to New Jersey for family reasons, a move which may cost him up to $120 million in state income tax.