5 Richest Hedge Fund Managers in the World

4. David Tepper

Net Worth: $18.5 billion

David Tepper is not only among the wealthiest hedge fund managers globally but also one of the richest individuals, with a current net worth estimated at an impressive $20 billion by Forbes Magazine. This substantial wealth is attributed to his hedge fund, Appaloosa Management, headquartered in Miami Beach, Florida, and established in 1993. In more recent times, David Tepper has expanded his interests, including ownership of multiple sports teams. Despite the media focus on his sports ventures, Appaloosa Management continues to operate smoothly behind the scenes. As of Q3 2023, the hedge fund’s investment portfolio was valued at $5 billion. This reflects a modest decrease of $300 million compared to the second quarter but a significant gain of $3.3 billion over the third quarter of 2022. Appaloosa Management’s biggest holding at the end of Q3 was Meta Platforms, Inc. (NASDAQ:META) which was worth over $585.4 million.