Name:
David TepperCategory:
BillionairesCompany:
Appaloosa ManagementIndustry:
FinanceYear:
2010What makes them haute:
This hedge fund manager specializes in buying stocks from companies that are either bankrupt or distressed and then profiting off of their recoveries. His investments include Bank of America, Hewlett-Packard, Intel, and Microsoft, and thus far he has had monumental success. The philanthropist recently donated a large sum of money to his namesake, the Tepper School of Business, at his alma mater, Carnegie Mellon University.