David Tepper

David Tepper

Formal First Name
David
Link
Dates
1957 - present
Location
David Tepper is a Wall Street legend and one of the most successful investors of his generation. He is the Founder and President of Appaloosa Management, a leading hedge fund renowned for its expertise in distressed debt investing. Under Tepper’s leadership, Appaloosa has consistently outperformed both industry peers and global markets since its inception in 1993. He gained widespread recognition during the financial crisis for his bold investments in undervalued bank securities. Tepper launched Appaloosa after being passed over for partnership at Goldman Sachs and has since become a prominent figure in finance and sports. In 2018, he purchased the NFL’s Carolina Panthers in a $2.3 billion deal, following a nine-year partnership with the Pittsburgh Steelers ownership group.

Professional Experience


Academic History

APPALOOSA MANAGEMENT

  • Tepper is the Founder and President of Appaloosa Management, a top-performing hedge fund renowned for its expertise in distressed debt investing and opportunistic market strategies. 

  • Since its inception in 1993, Appaloosa has consistently outperformed industry peers and global markets. 

  • Under his leadership, the fund takes concentrated positions in equities and debt of distressed companies, fixed-income instruments, and derivatives. 

  • Tepper has also recently expanded Appaloosa’s holdings in the technology and semiconductor sectors, including major companies like Alibaba, Amazon, Intel, Meta Platforms, and Microsoft.


GOLDMAN SACHS


SPORTS VENTURES

  • An avid sports enthusiast, Tepper purchased a minority 5% stake in the NFL’s Pittsburgh Steelers in 2009. 

  • In 2018, he made headlines by acquiring the Carolina Panthers for $2.2 billion, the highest NFL franchise purchase at the time

  • He has also played a key role in soccer, helping Charlotte, North Carolina secure an MLS expansion team, Charlotte FC, in 2019.


PHILANTHROPY

  • A major philanthropist, Tepper focuses on education and basic needs initiatives across the U.S., particularly in New Jersey, the Carolinas, Florida, and Pittsburgh

  • He supports leading charities, including Feeding America and UNICEF, and has been actively involved in natural disaster relief efforts nationwide.


MEDIA PRESENCE