According to Forbes, Tepper has an estimated net worth of $16.7 billion. His Tepper Sports & Entertainment company owns both the Major League Soccer expansion franchise Charlotte FC and the NFL Carolina Panthers.
However, the business journal estimates that Walton is worth roughly $58.2 billion. The days of David Tepper being the richest owner in the National Football League are probably over.
This is due to the Denver Broncos’ announcement that they had reached a deal to be purchased by a group led by Walmart heir Rob Walton late last night.
American hedge fund manager David Alan Tepper, who was born on September 11, 1957, is worth $1 billion. He is the proprietor of Charlotte FC of Major League Soccer and the Carolina Panthers of the National Football League (NFL) (MLS).
Appaloosa Management, a global hedge fund with headquarters in Miami Beach, Florida, was founded and is run by Tepper.
He graduated from the University of Pittsburgh with a bachelor’s in economics in 1978 and from Carnegie Mellon University with an MBA in 1982.
He made his largest donation to Carnegie Mellon in 2013, giving it a $67 million Tepper School of Business that bears his name. Tepper received a $2.2 billion salary for the 2012 tax year, according to Institutional Investor’s Alpha, making it the largest hedge fund manager salary ever.
With $1.5 billion in annual revenues, he won the third spot on Forbes’ list of the highest-earning hedge fund managers in 2018.