United StatesFounded it
David Tepper
David Tepper founded the hedge fund Appaloosa Management in 1993 after leaving Goldman Sachs; most of his fortune is his own capital in Appaloosa's funds, plus the Carolina Panthers, which he bought in 2018.
- Forbes estimate
- $28.5B
- Forbes, 9 Oct 2026
- Forbes rank
- No. 80
- 9 Oct 2026
- Stake in Carolina Panthers
- 100%
- Net worth, Bloomberg
- $28B
- Bloomberg, 16 Oct 2026
- Born
- 1957
- East Pittsburgh, Pennsylvania, United States
- Education
- Graduate degree
- Economics degree, University of Pittsburgh (1978); master's in industrial administration, Carnegie Mellon University (1982)
- Giving Pledge
- Not a signer
Where the fortune sits
His own capital in Appaloosa's hedge funds and the Carolina Panthers
Appaloosa Management
hedge fund, founded 1993
Bloomberg says he owns Appaloosa LP, the entity that runs the funds, but gives no percentage; about 93% of the $15.3 billion it managed at the start of 2026 belonged to him and his employees (Form ADV)
President and founder
Carolina Panthers
NFL team, founded 1993
Charlotte Business Journal: he owns 100% of his NFL and MLS teams and the stadium
Charlotte Business Journal report, 17 Sep 2026
Owner and chairman
Other holdings
Charlotte FC
MLS club, owned outright through Tepper Sports & Entertainment; he is chairman
Pittsburgh Steelers (former)
Sold his 5% stake in 2019
Where David stands among 73
Everyone on the site, grouped by their answer. David Tepper is outlined.
How the fortune started
Founded it
Founded it 42
Inherited and grew it 12
Built it up 8
Inherited it 6
Through marriage 5
Industry
Finance
Finance 10
Technology 24
Several industries 9
Metals and mining 6
Retail 4
Fashion and beauty 4
Media 3
Food and drink 3
Shipping 3
Crypto 2
Oil, gas and chemicals 2
Healthcare 1
Casinos and resorts 1
Property and sports 1
Giving Pledge
Not a signer
Not a signer 61
Signed 11
Not stated 1
Education
Graduate degree
Graduate degree 24
Bachelor's degree 27
Left university without a degree 6
No university 5
Not stated 11
Role today
Runs the company
Runs the company 32
Chair, board or owner 25
Founder, no executive role 8
No role 4
Retired 4
The person
- Born
- 1957East Pittsburgh, Pennsylvania, United States
- Citizenship
- United States
- Lives in
- Palm Beach, Florida, United States
- Education
- Graduate degreeEconomics degree, University of Pittsburgh (1978); master's in industrial administration, Carnegie Mellon University (1982)
- Parents
- Son of Harry Tepper, an accountant, and Roberta Tepper, a schoolteacher
What they give
- Giving Pledge
- Not a signer
- Foundation
- The Tepper FoundationFounded in 1996 as the David A. Tepper Charitable Foundation; led by his daughter Randi
- Lifetime giving
- Not stated
Role and record
- Role now
- Runs the companyPresident of Appaloosa Management; owner and chairman of the Carolina Panthers and Charlotte FC
- Successor
- Not stated
- Public office
- Member, Investor Advisory Committee on Financial Markets, Federal Reserve Bank of New York, 2014
- Legal record
- None found
