David Tepper
Founder and President
Miami Connection
Tepper relocated Appaloosa Management's headquarters to Miami Beach, boosting the local finance scene and attracting Wall Street talent to South Florida's low-tax environment. His firm's office and personal properties, including a Miami Beach condo, signal long-term commitment to the region. This move aligns with broader billionaire migrations enhancing Miami's status as a financial hub.
About
David Tepper founded Appaloosa Management L.P. in 1993, growing it into an $18 billion hedge fund now headquartered in Miami Beach, Florida. A former Goldman Sachs executive passed over for promotion, he built his fortune through savvy investments, achieving a net worth over $20 billion. Tepper has owned property in South Florida since 2017, including a $10.7 million Miami Beach condo, and reportedly pursued a $73 million Palm Beach mansion amid Wall Street's migration south. Despite brief returns to New Jersey, his firm maintains a strong Miami Beach presence. He serves on boards like Carnegie Mellon University's Tepper School of Business and various charities focused on education and food security. Currently, he focuses on sports ownership while leading his family office-converted hedge fund.