Tepper Pay Could Top $3 Billion

Jan 2 2014 | 1:56pm ET

David Tepper was 2012's highest-paid hedge fund manager—and it looks like he might be 2013's, as well.

The Appaloosa Management founder may have earned in excess of $3 billion last year, according to the New York Post. That would easily top his $2.2 billion payday in 2012, which put him at the top of Institutional Investor Alpha magazine's ranking of the top 25 best-paid hedge fund managers.

Appaloosa was among the few hedge funds last year to top the Standard & Poor's 500 Index, with its Palomino Fund up 38% through November.

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