Hamilton Nolan · 05/15/14 02:16PM

Hedge fund manager David Tepper warned yesterday that the stock market is "dangerous right now," and advised against betting on its rise. Today, the markets are down sharply. And that's how David Tepper made $3.5 billion last year.

$43 Million Mansion Demolished Because It Didn't Have Ocean Views in Every Room

Seth Abramovitch · 06/03/11 12:58AM

From Curbed Hamptons we have this aerial shot of where once stood the $43.5 million home of "billionaire hedge-funder David Tepper." Why tear down a perfectly good beach palace? Because he couldn't see the ocean from every room, they report. Has anyone ever built a house entirely out of smudge-proof glass? That would be awesome! Views inside views inside views. I bet Donald Trump has one of those. [Curbed, photo credit: Cully/EEFAS via Patch.com]

America's Most Frugal Billionaire

cityfile · 01/05/10 12:49PM

Hedge fund manager David Tepper is a rare breed. Not only did he earn $2.5 billion in 2009 while many of his peers just struggled to keep their heads above water, he still lives in the same New Jersey home he and his wife have occupied since 1990, he's yet to buy a vacation home, and he still sends his kids to public school. [BN]

Happy Birthday

cityfile · 09/11/09 07:08AM

CNBC's one-time "money honey," Maria Bartiromo, turns 42 today. Moby is turning 44. Marie-Josée Kravis, the wife of billionaire Henry Kravis, is 60. The rapper Ludacris is 32. Brokerage founder Muriel Siebert is 77. Hedge funder David Tepper is turning 52. Political operative Bill Cunningham is 59. Singer Harry Connick Jr. turns 42. Director Brian De Palma is turning 68. Daily Kos founder Markos Moulitsas is 38. Actress Taraji P. Henson turns 39. And hockey player Mike Comrie, who may be better known for being Hilary Duff's boyfriend, is turning 29. Weekend birthdays after the jump.

Happy Birthday

cityfile · 09/11/08 06:53AM

It isn't the most auspicious day to celebrate a birthday, but what can you do? Today CNBC "money honey" Maria Bartiromo turns 41, which, in case you're wondering, means she's a full decade older than her primary competition, Erin Burnett. Others marking birthdays on this downer-of-a-day: Moby is 43. Marie-Josée Kravis, the third wife of billionaire financier Henry Kravis, is 59. Rapper Ludacris turns 31. Brokerage founder Muriel Siebert is 76. Hedge funder David Tepper turns 51. Politico William Cunningham is turning 58. And crooner Harry Connick Jr. is 41.

Street Talk

cityfile · 07/29/08 04:43AM
  • Merrill Lynch has announced it will take another write-down of $5.7 billion and raise an additional $8.5 billion in new common stock. The bank has announced more than $45 billion in write-downs over the past year. [NYT]

David Tepper

cityfile · 02/03/08 09:32PM

Tepper runs Appaloosa Management, a $12 billion hedge fund that specializes in buying up stakes in distressed companies.