What is David Tepper net worth?
|Net worth||$14.4 billion.|
|Name||David Alan Tepper|
|Date of birth||September 11, 1957|
|Occupation||Businessman and Philanthropist|
David Tepper net worth 2021: David Alan Tepper is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). Tepper is the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida. David Tepper net worth is $14.5 billion.
Early life and education
Tepper was born on September 11, 1957. He is the second of three children of Harry, an accountant, and Roberta, an elementary school teacher. He was raised in a Jewish family in the Stanton Heights neighborhood of the East End of Pittsburgh, Pennsylvania.
He attended Peabody High School in Pittsburgh’s East Liberty neighborhood, followed by the University of Pittsburgh, helping pay his way by working at the Frick Fine Arts library. He received a Bachelor of Arts degree in economics and graduated with honors. He also began small scale investing in various markets during college.
His first two investments, given to him by his father, were Pennsylvania Engineering Co. and Career Academies. Both companies went bankrupt.
After graduation he entered the finance industry, working for Equibank as a credit analyst in the treasury department. In 1980, unsatisfied with this position, he enrolled at Carnegie Mellon University’s business school to pursue its then-equivalent of an MBA, a Master of Science in Industrial Administration (MSIA).
After earning his MBA in 1982, Tepper accepted a position in the treasury department of Republic Steel in Ohio.
In 1984, he was recruited to Keystone Mutual Funds now part of Evergreen Funds in Boston.
In 1985, Tepper was recruited by Goldman Sachs as a credit analyst, which was forming its high yield group in New York City. Within six months he became its head trader, remaining at Goldman for eight years. His primary focus was bankruptcies and special situations.
He is credited with playing a major role in the survival of Goldman Sachs after the 1987 market crash. He bought underlying bonds in the financial institutions that had been “crippled by the crash”, which soared in value once the market picked up again.
He assumed he would be made a Goldman partner but was passed over, partly because his “loud and profane” manner rubbed other more restrained Goldman executives the wrong way.
In December 1992, after being passed over for partner at Goldman Sachs twice in two years, Tepper quit. He began operating from a desk in the offices of mutual-fund manager and Goldman client Michael Price, aggressively trading his personal account in hopes of raising enough money to start his own fund. He created Appaloosa Management in early 1993.
In 2020 the largest parts of his portfolio are Alibaba with 13% and Amazon with 11%.
Sports Teams Ownership
On September 25, 2009, Tepper purchased a 5% stake in the National Football League’s (NFL) Pittsburgh Steelers.
Tepper bought the NFL’s Carolina Panthers from original owner and founder Jerry Richardson in May 2018, and was forced to sell his Steelers shares.
Upon closing the Panthers purchase in 2018, Tepper suggested his desire to bring a Major League Soccer (MLS) franchise to Charlotte.
The Panthers organization placed a bid for an expansion team in July 2019 and were awarded the 30th MLS team on December 17, 2019.
Charlotte FC was awarded to Tepper on December 17, 2019, and is set to begin play in 2022 at Bank of America Stadium.
Tepper reportedly paid $325 million in expansion fees for the franchise, setting an MLS record.
David Tepper Net Worth
David Tepper net worth is $14.5 billion. He is currently the wealthiest NFL team owner and also the 142nd richest person in the world.
Aside being a successful businessman, Tepper has been involved in a umber of philanthropic activities;
In 2020, along with other philanthropists, Tepper donated $2.65 million through David A. Tepper Foundation to help Chicago with its share of struggle from the coronavirus pandemic.
After Hurricane Sandy, David Tepper donated $200,000 in gift cards to Jersey City and Hoboken families who suffered loss in the storm.
In 2006, Tepper donated $1 million to United Jewish Communities of MetroWest New Jersey toward their Israel Emergency Campaign.
In 1986, he married Marlene Resnick Tepper; they have three children: Brian, Randi, and Casey. In 2014, he separated from his wife. In 2019, he married Nicole Bronish after a two-year relationship.
Rich Lesser Net Worth
What is Rich Lesser net worth ?
Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).
Early life and education
Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.
He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.
Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.
He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.
In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.
Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.
Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.
In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group
Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.
He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.
In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.
Rich Lesser Net Worth
According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.
Andrew Mackenzie Net Worth
What is Andrew Mackenzie net worth ?
|Net worth||$37 million|
|Name||Sir Andrew Stewart Mackenzie|
|Date of birth||20 December 1956|
|Occupation||Former CEO of BHP Billiton|
Andrew Mackenzie net worth: Sir Andrew Stewart Mackenzie is a Scottish businessman, and a former CEO of BHP Billiton, the world’s largest mining company. Keep reading to find more information about him here.
Andrew Stewart Mackenzie was born in December 1956, grew up in Kirkintilloch, Scotland, and was educated at the University of St Andrews where he graduated with a first class bachelor’s degree in geology in 1977. He went on to study at the University of Bristol where he was awarded a PhD in organic chemistry in 1981.
Mackenzie was a postdoctoral research fellow with the British Geological Society. He was a Humboldt fellow and worked at the Nuclear Research Centre in Jülich, Germany. He published over 50 research papers as a scientist.
In 1983, Mackenzie joined BP’s research division. He worked his way to BP Finance, and then as head of capital markets. After 22 years at BP, he left as group vice-president of petrochemicals.
In April 2004, Mackenzie joined Rio Tinto as chief executive of the industrial minerals division. In June 2007, he served as the chief executive officer, diamonds & minerals.
He served as trustee of a think tank, Demos from 2005 until June 2008.
Mackenzie was poached from Rio Tinto in 2007 by then CEO of BHP Billiton Marius Kloppers, ahead of a failed takeover bid of Rio Tinto.
Mackenzie became the chief executive of non-ferrous in BHP Billiton in November 2008. He succeeded Marius Kloppers as the CEO of BHP Billiton in May 2013. In 2014, he was paid $7,123,000 in total compensation.
Australia mining head Mike Henry succeeded Mackenzie as BHP CEO on 1 January 2020.
In March 2021, Mackenzie was tapped to replace Chad Holliday as chairman of Royal Dutch Shell starting May 2021.
Andrew Mackenzie Net Worth
Andrew Mackenzie net worth: He owns shares worth $37 million.
Andrew Mackenzie is one of the world’s most influential applied earth scientists. He made seminal contributions to geochemistry in his early career, especially in relation to the formation of oil. For most of his career he has been a leader in the energy and mining industries working within BP, Rio Tinto and most recently in BHP Billiton.
He has made major innovations in both technical and business arenas within these companies, and is pre-eminent as an earth scientist in the commercial world. He has recently been appointed CEO of BHP Billiton.
Mackenzie was knighted in the 2020 Birthday Honours for services to business, science, technology and UK/Australia relations.
Stephen Schwarzman Net Worth
What is Stephen Schwarzman Net Worth?
|Net worth||$28 billion|
|Name||Stephen Allen Schwarzman|
|Date of birth||February 14, 1947|
|Occupation||Investor, Businessman and Philanthropist|
Stephen Schwarzman Net Worth 2021: Stephen Allen Schwarzman is an American businessman, investor, and philanthropist. He is the chairman and CEO of The Blackstone Group
Early life and education
Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.
Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965. He attended Yale University.
After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972.
Schwarzman’s first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions.
In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions.
Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management.
When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion
Stephen Schwarzman Net Worth
Stephen Schwarzman net worth is $28 billion. Aside being a very successful investor, Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.
In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, “which draws from his experiences in business, philanthropy and public service.” His book became a New York Times Best Seller.
He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. He spent millions of dollars on both his sixtieth and seventieth birthday parties.
Mr. Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. In 2020, he signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. In both business and philanthropy, Mr. Schwarzman has dedicated himself to tackling big problems with transformative solutions. In June 2019, he donated £150 million to the University of Oxford to help redefine the study of the humanities for the 21st century.
Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center, and they divorced in 1990. They have three children together, including film producer Teddy Schwarzman and writer and podcaster Zibby Owens.
Read Jes Staley net worth
Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.
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