Firm: Appaloosa Management
City: Chatham, New Jersey
2008 Age: 50
2008 Assets Under Management (AUM): $4 Billion
David Tepper founded Appaloosa Management in 1993.
Tepper graduated from the University of Pittsburgh with a BA in economics and earned an MBA from Carnegie Mellon University’s Business School.
Tepper worked for eight years on the high-yield desk at Goldman Sachs and eventually became the head trader before leaving to start Appaloosa Management. An active philanthropist, Tepper gave $55 million to Carnegie Mellon University.