[40], In 2006, Tepper donated $1 million to United Jewish Communities of MetroWest New Jersey toward their Israel Emergency Campaign. He is the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). Upgrade your subscription to get all the news you need: Adding SBJ weekly content will give you the comprehensive view of sports business with: Adding SBJ daily content will give you the comprehensive view of sports business with: Tepper has made bold fan-facing moves, earning praise for exchanging the NFL logo at Bank of America Stadiums 50-yard line for the Panthers logo, and criticism for signing safety Eric Reid after his protests during the national anthem. As of May 2023, David Teppers net worth is estimated to be $16 Billion. In 2009, the New York Times reported that Tepper was the countrys highest-earning hedge fund manager. David Tepper Jon Corzine Sagaponack House - Town & Country [22][23], Tepper bought the NFL's Carolina Panthers from original owner and founder Jerry Richardson in May 2018, and was forced to sell his Steelers shares. While this is a silly fact about the investors life, it shows that he is both a man with a great sense of humor and someone who had an excellent relationship with his co-workers. 1 overall pick but where will C.J. Register for a free SBJ account to unlock one extra article per month. This is action', "MLS launches new sports era in Charlotte as city, Tepper land soccer expansion team", "Sources: Charlotte to become MLS' 30th franchise for record $325 million", Politicker NJ February 4, 2009 "Fulop To Run As Independent", "David Tepper is buying the Carolina Panthers. New Hampshire is crowned beer capital of America and Washington DC has biggest number of winos, official data shows so how boozy is your state ? He beat out a rival bidder with more ties to the Carolinas, Ben Navarro, thanks both to speedy NFL vetting (his Steelers part-ownership allowed the league's owners to bypass the process) and his $2.2 billion bid, the highest in NFL history, lacking other investors (unlike Navarro's). 2023 Leaders Group. In the year since he paid an NFL-record $2.275 billion to buy the Carolina Panthers, Tepper has brought the same swashbuckling mindset to the NFL, moving quickly and spending heavily to overhaul the franchise with the goals of winning a Lombardi Trophy, becoming a top-tier NFL franchise by every possible definition and becoming a dominant voice in Charlotte-area development. Money cant buy everything apparently. [50], In 1986, he married Marlene Resnick Tepper;[51] they have three children: Brian, Randi, and Casey. In 2018, Tepper bought the Carolina Panthers professional football team in a $2.3 billion deal. [1], For the 2012 tax year, Institutional Investor's Alpha ranked Tepper's $2.2 billion paycheck as the world's highest for a hedge fund manager. Give me a lever long enough and a fulcrum on which to place it, and I shall move the world. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, It's been viewed millions of times, now a body language expert gives DailyMail.com HER view on why 'bobblehead' Ron DeSantis looked so animated when asked about trailing Trump, President Biden admits to being 'confused' as he struggles through CHILDREN'S press conference and tries to remember last country he visited and the name of movie Top Gun (before little girl tells him to go back inside!