Monday, 30 November 2015
Last updated 3 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…