Tepper, a graduate of the University of Pittsburgh (BA) and Carnegie Mellon University (MBA), recently purchased the Panthers for an NFL-record $2.275 billion. The newest member of the owner’s club is the President and Founder of Appaloosa Management, a hedge fund with a reported $17 billion under management.
There are two things that the other 31 NFL owners must love about David Tepper, who officially took control as the newest owner of the Panthers on July 9.
First, the billionaire 11-times-over knows how to make money, but that’s necessary for entry into this elite club.