Billionaire Tepper Gives $67M to Carnegie Mellon for Hub

Friday, 15 Nov 2013 09:02 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

David Tepper, the billionaire co- founder of the Appaloosa Management LP hedge fund, donated $67 million to Carnegie Mellon University to expand its campus.

The gift, the largest in school history from an alumnus, will be used to create the David A. Tepper Quadrangle, the Pittsburgh-based university said today on its website.

Tepper, 56, who received an MBA at Carnegie Mellon, previously donated $55 million to the university’s business school, which is also named for him. After working for Goldman Sachs Group Inc., Tepper helped found Short Hills, New Jersey- based Appaloosa in 1993, specializing in buying distressed debt. Tepper, a minority owner of the Pittsburgh Steelers football team, is worth $7.9 billion and is the 158th richest person in the world, according to the Bloomberg Billionaires Index. Today’s gift was announced on the day the university inaugurated President Subra Suresh.

“I’m excited by President Suresh’s and the university’s vision to make CMU the foremost entrepreneurial academic institution in the nation,” Tepper said in a statement on the website.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Judge Blocks Obamacare Tax Rule for Non-Exchange States

Tuesday, 30 Sep 2014 19:15 PM

An Oklahoma federal judge dealt a blow to President Barack Obama's health-care law, invalidating IRS rules aimed at maki . . .

Comments on Mrs. Obama's Speech Off Limits, Reporters Told

Tuesday, 30 Sep 2014 19:07 PM

A creeped out Wisconsin journalist complains she was told by aides of Democratic Wisconsin gubernatorial candidate Mar . . .

Refugee Plan Set up for Central American Minors

Tuesday, 30 Sep 2014 17:13 PM

The Obama administration is initiating a program to give refugee status to some young people from Honduras, Guatemala an . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved