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The Fabulous Life Of David Tepper — The Hedge Fund Manager Who Made The Most Money In 2012

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David Tepper, the founder of $12 billion-distressed-debt hedge fund Appaloosa Management, is one of the most successful hedge fund managers in the world. 

The billionaire fund manager had a great year with his flagship fund finishing up about 30 percent, according to Forbes

Last year, Tepper was the highest-earning hedge fund manager, taking home $2.2 billion, according to Forbes.

Tepper grew up a shy, math-whiz-kid who went from a class clown/ theater star to, ultimately, one of the biggest names on the Street. 

The 55-year-old hedge fund manager grew up in a lower middle class neighborhood in Pittsburgh.

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David Alan Tepper was born on September 11, 1957. He was raised in a Jewish family and grew up in a lower middle class neighborhood in Pittsburgh, Pennsylvania.   

Tepper is the middle of three children.

His father Harry was an accountant (not a CPA) and his mother Roberta was a public school teacher.

Source: Maneet Ahuja's "The Alpha Masters"



He could do multiplication and complex addition at age 4. He was even the subject of his sister's show-and-tell assignment.

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As an accountant's son, he had a knack for math VERY early on.  

When he was only 4 or 5 years old, his older sister decided to bring him to her second-grade class for show-and-tell so he could show off his multiplication and adding skills. 

Source: Maneet Ahuja's "The Alpha Masters"



He attended Peabody Senior High School, where he went from shy kid to class clown.

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He attended Peabody High School in Pittsburgh where he graduated in 1975

He started off as a shy and quiet kid.

He later opened up and became known as the class clown, always joking around. 

The school closed in 2011. 

Source: Maneet Ahuja's "The Alpha Masters"



See the rest of the story at Business Insider

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