Sunday, 29 March 2015
Last updated 1 day ago
Jun 10 2014 | 10:03am ET
Appaloosa Management founder David Tepper and his wife of nearly three decades have called it quits.
Tepper has separated from his wife, Marlene, the New York Post reports. The split is likely to prove costly, even if both sides hope, as a Post source said, to “settle things quickly, quietly and amicably”: Tepper is worth an estimated $10 billion, and is routinely the highest-paid hedge fund manager in the world.
“They have separated and are telling friends the marriage has run its course,” the Post’s source said.
The Teppers have not yet formally filed for divorce. The couple married in 1986 and have three adult children.
In addition to their billions, the Teppers own homes in Livingston, N.J., and Sagaponack, N.Y. Tepper paid $43.5 million for the latter—formerly owned by former Goldman Sachs CEO and New Jersey governor Jon Corzine, who passed Tepper over for a Goldman partnership—only to demolish it to build a home twice its size. Tepper also owns a minority stake in football’s Pittsburgh Steelers, his favorite team.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…