David Tepper

David Tepper is an American businessman in finance, born in 1957 and based in Florida. He has an estimated net worth of ~$11.6 billion and is associated with Appaloosa Management, the investment firm he founded in 1993. Wikidata NewsAPI

Business & SEC Activity

Tepper worked at Goldman Sachs beginning in 1985 before founding Appaloosa Management in 1993, according to recent financial coverage. Appaloosa is described as a hedge fund focused on distressed assets, debt instruments, and deep-value stocks. Recent reports said the firm changed several positions in its portfolio, including exiting Sandisk and increasing or initiating positions in artificial-intelligence-related companies. NewsAPI A Form 13F is an SEC filing that reports certain U.S. equity holdings by institutional investment managers. SEC EDGAR

Philanthropy

The Tepper Foundation reported $704.8 million in assets and $68.9 million in grants paid for tax year 2023. Two Tepper Family Foundation records reported combined assets of about $959,561 and $688,733 in grants paid; across the three listed foundations, assets totaled about $705.8 million and grants paid totaled about $69.6 million. ProPublica 990

Political Activity

The available FEC data contains at least 100 federal contributions, and the figures cover only the most recent 100 contributions in the sampled records. In that sample, contributions totaled $385,560.98: $185,250 to Republican recipients, $2,239.01 to Democratic recipients, and $198,071.97 categorized as PAC or other. The largest listed recipients were Hogan Victory Fund at $190,000 and the NRSC at $181,700; the sample also included $1,909 to Harris for President. FEC

In the News

Recent coverage reported that Appaloosa Management exited its Sandisk position and made or increased investments tied to artificial-intelligence companies, including CoreWeave and Meta. The NewsAPI results were dated August 20–21, 2026, with two validated articles from The Motley Fool and Nasdaq Stock Market. NewsAPI