The wife of American business tycoon David Tepper, Nicole Bronish is also a philanthropist. She and her husband donated money to the poor and needy. This shows her involvement in charitable activities too.
Before getting married in 2019, Nicole Bronish and David Tepper dated for a few years. She is David Tepper’s second wife. He was previously married to Marlene Resnick for over 28 years and then parted ways in 2014. Before knowing about Nicole Bronish, let’s see who David Tepper is!
Who is David Tepper?
Owner of the Charlotte FC football team and the Carolina Panthers of the National Football League, billionaire American hedge fund investor David Tepper also owns the Carolina Panthers. A global hedge fund with headquarters in Miami Beach, Florida, he is the owner and CEO of Appaloosa Management.
Harry Tepper, an accountant, and Roberta Tepper, a primary school teacher, are the parents of three children. David is the second child. He grew up in a Jewish family in Pittsburgh, Pennsylvania’s Stanton Heights district of the city’s East End.
He went to East Liberty’s Peabody High School before enrolling at the University of Pittsburgh. There he worked at the Frick Fine Arts Library to help pay for his education. Further, he pursued a Bachelor of Arts in economics.
David Tepper Career
During his time in college, David Tepper started out investing small in a variety of markets. Pennsylvania Engineering Co. and Career Academies were his father’s first two investments, but both firms were unsuccessful.
David Tepper started his career after graduating from college by working for Equibank as a credit analyst in the treasury division. He enrolled in Carnegie Mellon University’s business school to seek the MSIA, the then-equivalent of an MBA. It was because he was not happy with his position.
When Goldman Sachs began establishing its high yield business in New York City in 1985, David Tepper was hired as a credit analyst. After six months, he was promoted to the head trader. And, he spent the next eight years working there. He had a significant impact on Goldman Sachs’ ability to survive the 1987 stock market crash.
By purchasing distressed financial stocks in February and March and then benefitting from their recovery that year, David Tepper’s hedge fund made nearly $7 billion.
David’s Estimates According to The New York Times
According to The New York Times, $4 billion of those earnings went to David Tepper’s personal riches, making him the highest-earning hedge fund manager of 2009. He received the Institutional Hedge Fund Firm of the Year award in June 2011, and in 2013, Forbes named him the top hedge fund earner of 2012, elevating him to the 166th richest person in the world.
In 2013 and 2016, Forbes named David Tepper as one of the top 25 hedge fund managers in terms of earnings. The Bloomberg Billionaires Index rated him as the wealthiest individual in New Jersey, and as of 2022, Forbes estimated his net worth to be $16.7 billion.
David Tepper acquired a 5% stake in the Pittsburgh Steelers of the National Football League (NFL) on September 25, 2009. He sold his shares in the Pittsburgh Steelers after purchasing the NFL’s Carolina Panthers from Jerry Richardson, the team’s founding owner, in May 2018.
David Tepper made a suggestion that he wanted to bring a Major League Soccer (MLS) team to Charlotte. This was after the Panthers purchase was finalised in 2018. The Panthers organisation submitted a proposal in July 2019. And, was chosen as the 30th MLS team on December 17, 2019.
He allegedly paid $325 million in expansion fees for Charlotte FC, a record in Major League Soccer. This was given to him on December 17, 2019, and started playing in 2022 at Bank of America Stadium.
David Tepper Salary
David Tepper received the largest salary of any hedge fund manager in the world for the 2012 tax year, according to Institutional Investor’s Alpha, with a $2.2 billion salary. He earned $1.5 billion in annual earnings, which put him in third place on Forbes’ list of the highest-earning hedge fund managers in 2018.
An investor referred to him as “a golden god” in a 2010 New York Times feature. This stated that he was the subject of “some hero worship inside the industry”. He made his largest donation to Carnegie Mellon in 2013, giving it a $67 million Tepper School of Business that bears his name.
Who is David Tepper’s Wife?
The only information available about David Tepper’s wife, Nicole Bronish, is that she is his second wife. Most people are familiar with Nicole Bronish as David Tepper’s wife. Before getting married in 2019, she and David Tepper dated for a couple of years.
There is no information available regarding Nicole Bronish’s private life because she has kept it hidden from the media. David and Marlene Tepper don’t have any children. However, he does have three children from his first marriage to Marlene.
In Livingston, New Jersey, a prosperous town, the Tepper family lives in a small stone home.
The New York Times compared David’s New York offices to “a high-end sports bar” with glossy mahogany, LCD TVs and black-and-gold Steelers memorabilia. The Teppers have opted to live a more humble lifestyle despite their opulent exterior, which they define as upper middle class. The couple now enjoys a lavish lifestyle, surrounded by the love they have for one another and their family.
Conclusion
We don’t have much information about Nicole Bronish because she is a private person in life. However, in this post, we have provided all the information we have about her. Moreover, read this post to know everything about her!
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