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Tepper Is Nervous... About His Prenup
When David Tepper speaks, markets (especially those short) quake as the sheep blindly follow him into the breach; so when he said he "was nervous" recently, bulls got scared (briefly). As PageSix reports this morning, Tepper is nervous once again as the world's highest paid fund manager has split with his wife of nearly 30 years. The split could well be the most expensive hedge fund divorce ever and we suspect comments such as this did not help... "What do you think I should do with it? . . . I could buy an island. I could buy a private jet . . . I could get myself a 22-year-old!"
David Tepper, the world’s highest paid fund manager for the past two years, has split with his wife of nearly 30 years, Page Six can exclusively reveal.
In what could be one of the most expensive hedge fund divorces yet, Tepper, 56, who runs $20 billion Appaloosa Management in Short Hills, NJ, and his wife Marlene have separated after 28 years of marriage, multiple sources confirmed.
We’re told David and Marlene, who married in 1986 and have three adult children, have yet to formally file for divorce. A source said, “They have separated and are telling friends the marriage has run its course. They hope to settle things quickly, quietly and amicably.”
But the split could prove extremely costly. Tepper, a minority owner of the Pittsburgh Steelers, has an estimated net worth of $10 billion.
He is one of the most successful and respected managers in the hedge fund world, and after making a 2009 trade that netted his company $7.5 billion and himself a payday of nearly $4 billion, Tepper was quoted in New York Magazine saying: “What do you think I should do with it? . . . I could buy an island. I could buy a private jet . . . I could get myself a 22-year-old!”
The former Goldman Sachs exec was ranked the top-earning investor in 2012, earning a $4.4 billion paycheck. In 2013, Tepper — who famously has a pair of giant brass testicles on a plaque adorning the wall of his office — personally earned $3.5 billion.
As far as we know, Rupert Murdoch's split from his wife Anna in 1999 is the most expensive divorce ever at $1.7 billion... but at only half of what Tepper earned last year, we suspect this one could get ugly...
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I wish I was 22...
No thanks! Been there, seen it, done that a LOT and nothing but problems after a while.
Now hookers on the other hand..
This muthafucka has been married to the Fed for the past few years and the wife is FED UP with it....if I were his wife, I would dump him right now before Appaloosa becomes Crappaloser and goes down in flames.
Btw, Tepper, you can buy a ton of shit...but one thing you can never buy....HONOR.
You are correct. His skill is riding the "Let it Ride" choice. The FED earned him the money. I hope she takes him for 50% exactly
"Btw, Tepper, you can buy a ton of shit...but one thing you can never buy....HONOR."
Why would a sociopath worry about honor when he can just double down on douchebag and btw have you ever looked at this ugly muthrfkr......not even a mom could keep from barfing
aye, that Tepper's a charmer, heh.
those who place accumulation over all else, and see everything outside of self as something to be purchased/acquired, absolutely lack honour - integrity gets sold to the highest bidder early on in their game. . .
nothing to aspire to.
Headbanger, I'm with you ! Anything that flies, floats or F*+ks........you are better off renting !
lol now thats a good one!
Boo HOO!!!!!!!!!!!!!!!! SOB I will only have $5,000,000,000 and I am only going to double it next year! BOOO HOOO! Cry me an EFFING RIVER!
And what ... be in college ... paying the most ever for education ... while recieving less in knowledge than ever before ... going into a deflationary vortex run by elderly who can't afford to quit their jobs ... and the nations of the world on the brink of global war (again) ...
FUCKING MORON!
I genuninely feel almost a sadness for the shit sandwich young people are being handed, especially Americans. While it is true many of them are selfish douche bags, that most certainly does not apply to all.
What is so damn great about being young anyway?
Regards,
Cooter
Conceptually, the young have more of life's most precious and basic commodity, time. Fortunately or unfortunately, youth also suffers from a lack of experience, and thus generally a lack of wisdom. The trick is that no one just wishes they were young again, they wish they knew then what they know now, but there's no going back.
I wish I was 65
He could hire the best hit man on the planet with that much $$$
22yr olds cost an awful lot these days.
They swell, they tell and they're ungrateful as hell.
Tepper better watch out or he'll get Sterlinged .
And she'd better stay away from Home Depot and its Nailgun section. Or other dangerous places and faces.
His kind of money can buy/rent all kinds of... Solutions.
Initial outlay is minimal, but the upkeep will kill ya.
This isn't about the purchase price or the total cost of ownership. It is the 50% restocking fee that gets you.
Better to rent.
Or, as the mother of a former girlfriend once said: "Why should he buy the cow, when he gets the milk for free?"
My advice to rich guys: "Buy the fucking milk! If you do want to own the cow, to conform with your cowboy friends, buy a whole fucking dairy."
My advice to poor guys (90% of ZHers who are not in the 1%): "Get a PRENUP, or you deserve everything you get."
Put another way: "If you really love her, marry her. If she really loves you, she'll sign the prenup." Make it your mantra when you start dating (in a joking, funny delivery, to help the medicine go down), and to plant the seed of that idea early. If she's still opposed to it after some months, ditch the bitch. She just might cave, or you have your answer: "Although you love her enough to want to marry her, clearly she does not love you enough to sign the prenup".
p.s. What's a prenup but a fashionable and acceptable deal for the rich & famous? A deal, where both parties agree formally and legally what they bring into the "marriage" (a legal merger), what they are allowed and not allowed to do in the marriage, and what they get after its legal dissolution -- should that take place. Note: With a prenup, lawyers make a little bit of money up front. W/o a prenup, their entire legal and marriage industry makes an absolute fortune at the rear end. You want a Front-Loaded or Rear-Loaded Marriage Contract? Pick one, or the Rear-Load one will be picked for you -- where you "play Ben Dover" and take it up the rear. Think, plan and act accordingly.
She can always claim she didn't understand the prenup especially if english isn't her native tongue. Many prenups have been broken this way.
A Feminoozi judge can still throw the prenup out the window. Safest bet is rent locally, or own overseas.
They're just not worth the drama at any age. Why even bother committing anymore unless you want children and a stable home for them?
I was always of the opinion that marriage is about family (i.e. kids) and taxes. The IRS pretty much scrapped the latter, particularly for higher income salaried couples.
But that is just me.
Regards,
Cooter
HALF
https://www.youtube.com/watch?v=SniOXFhwIZ8
She could take 90% and he'd still be filthy rich.
You know why divorce is so expensive? Because it's worth it.
I say give her half and move on.
Completely agree. 30 years. Pay that lady.
Tep should be OK. Steven Spielberg gave Amy Irving half his 200 million dollar fortune and it looks like she bailed way too early. Tep got a little help, but he can make money with money.
hopefully he spends the rest of his life in a viagra induced coma
I'm looking forward to watching his wife staple his balls to the wall.
Am I glad that my pre-nup held in court when I got divorced ! My advice ? Get a couple of 22 year olds and have fun for a while !
The latin root of divorve means -- sucking your balls out through your wallet.
Hey David, how about buying a conscience?
no point.
What does a conscience get you? Go beat your tambourine & sing about conscience.
What does the jungle get you, but jungle pleasures. For the civilized beasts have nothing worth having. As for what civility offers: nothing that a beast would understand or want.
Oh shush, you self-important buffoon.
I can be more civil than you ever could be. I just don't entertain delusions of "objective abstracts" such as a conscience.
I am ultimately responsible for my actions and it is only up to me be responsible for it. There are no fairies telling me to be good: I am good because I want to be.
You ficticious lot scare me.
If you're worried about me being ultimately aware and willing to be responsible for my own ethics, then allow me to create Uttuwallukkuumbukku. He is my god. He arbritrates ethics to me and makes sure I am good.
Can you rest easier now?
a new low for zhedge....
....David Tepper's dirty laundry blog.
here's a link to a more important story:
http://www.huffingtonpost.com/2014/06/09/pit-bull-plays-with-deer_n_5473...
I'm fine with it and I call zh out often enough. Tepper will always be zh related whether it's biz or personal and at least it gets us shooting the shit about something else while we watch the markets drift higher.
Murdoch's a tosser:
http://www.telegraph.co.uk/news/worldnews/europe/russia/10842569/Worlds-...
Fuck off
These whackjob billionaires typically only buy islands, planes, cars, and obscene houses to attract 22 year old women anyway. Might as well cut out the middleman and go straight to the source...
She dumped him..tiny weenie
Wish I could be a billionaire whackjob, being a broke whackjob just ain't impressing the chicks !!!
i remember hearing something about Thailand and she-boys somewhere...
That's lady-boy to you, good sir.
Lady-boy or she-male? I'm confused...
i think the politically correct term is guy with tits!
Calling Yen Cross...
Marlene's not bad looking from what I can find. I'd hit that. She'll have a boy toy herself, no problem.
Blano,
Excellent point. Now where can I get her number? She can have a 25-year-old herself.
Easy there, Chief. You're talking about the woman I love.
Marlene, call me as soon as the papers are filed. ;)
It must be interesting being a millenial and watching the baby boomers happily divorce and live flomax commericial lifestyles. Then they look over at the Gen X'ers who bought into the suburbia picket fence and 2 kids and a dog lifestyle being forced to stay in these disaster marriages because they can't afford to split. I'd venture to guess that within 10 years from now marriage will no longer exist. If you want to have a few kids you just put an ad on Craig's list for a 10 year relationship with 2 kids and no financial ties involved.
Shit, don't tell me we have hit peak marriage too !!!
marriage is created by and benefits the State, as it frames people's lives and expectations - ditch the frame-work and create your own life-goals outside of the system.
the Craigslist ad for "relationship plus kids" - no financial ties? those sprogs are spendy to raise, who pays for that? guess breeding will be left to the wealthy. . . what lovely off-spring will populate the "future" with everything a commodity. already on the way. . .
Fonzanoon - Ill never enter a state contract for marriage again, I am Gen-Xer. Vasectomy is the best investment a guy can make. Having kids is overrated. I have a hot, nurse girlfriend of 30 now that doesnt want kids but wants to marry. I tell her no state contract and if that isnt acceptable find a new man. It helps her father wont remarry either and has a live-in girlfriend. I also treat my girlfriend as a wife but with the bad pyschology of a contract
here is what i tell people when they ask what it is like having kids.
having kids if F'ing awesome....not having kids, it's f'ing awesome.
I'd venture to guess that within 10 years from now marriage will no longer exist.
Well that's exactly what the gays/lesbians are working towards, maybe not all of them consciously but still...
"Everyone can be super! And when everyone's super... [Syndrome chuckles evilly] no one will be."
One of the sources of the whole homosexuality-is-awesome propaganda we're getting in the media is that TPTB are trying to bring all the off-the-books gay relationships under the purview of the IRS. The stunning thing is all those gay and lesbian couples fighting so hard for state recognition and taxation. It only makes sense for spousal benefits and taking up residency together in other countries.
$3.5 billion/yr. will help him with the chicks, even though he looks like a frog...
Haha yes a Frog is about right. I'd guess the 15 or so 22 years old's he has been messing around with up till now pretty much convinced him that 22 year olds are the way to go. I highly doubt he made it this far and just threw in the towel.
The Lawyers are licking their lips...lots of fees there....you could make the highest paid lawyer list with that divorace
I hope his lawyer charges 2 and 20.
Best ZH comment of all time!!!!!
Every emloyee up the food chain should charge him 2 and 20.
Even the friggin county clerk should make money off this spunge off of society
He was dumb enough to get married - marriage in the modern age is a pathetically useless institution that only invites the whims of a asshat judge and the government into the mix as well as a shitload of lawyer fags, and provides no benefit whatsoever other than getting her to shut up about the issue until after your wedding day (at which point she will find other shit to bitch about).
The best pre-nup is no-nup ... as in no nuptials whatsoever. If you are stupid enough to want kids these days to provide TPTB future slaves, then at least be smart and have them out of wedlock. You don't a marriage certificate to procreate, and paying child support is fine because they are your kids, but don't get stuck into paying for life the ditz you banged to make the kids.
I havent found a woman that I can stand to look at everyday for the rest of my life yet.
But if you do, then just look at her, but dont ever marry her.
That attitude is part of the reason so many of the kids these days are so fucked up, parents who think marriage is about playing house like we did as kids. It takes a hella lot of time and energy to make it work, but for those that do and actually are smart enough to have kids, kids who they take the time to raise properly in a fucked up society.......priceless. Better than leaving this earth a miserable old fart with no legacy to speak of.
You mistake being a good parent with allowing the government to control your marriage.
There is NO reason why a commitment can exist without bringing The State, Lawyers, Family Counselors, and all the other NGO assholes into your marriage.
A couple can commit for life, rear great kids, and keep the .gov out of their marriage.
The piece of paper is a scam.
Sometimes I wonder whether they are really divorcing or whether he wants to protect half his assets in case the whole show caves in.
If it is true than I guess that one of the brass testicles on the wall is no longer his.
Good! Hope she cleans this prick's bank accounts out.
He's used to cleaning other people's bank accounts out, it's time someone cleans his out.
A friend was relating to me a discussion he had with his wife one morning at breakfast many years ago.
Friend: Well if we ever divorce you should be happy with half of $8 million
Friend's Wife: Yeh, $5 million should be OK
Friend: I said half of $8 million.
Friend's Wife: I'll be happy with $6 million
Friend: ........................
I think he got the message and they are still very much a happily married couple and his balls are all intact.
I don't understand why he, or anyone, would marry someone like that with those values.
She just telegraphed her true feelings and values.
Not someone to marry. To her (typical female attitude), 67% is ''half'' and good enough.
I would not remain married to someone like that, looking at her each day knowing what her values truly are.
He has fallen in love with Janet Yellen!!!! He was going to marry Bernanke....but liked Yellen's beard better
I know that all C-Level and up aspirants say the same thing:
So they run out and tie the knot.
The problem in this day and age is that the laws are written to defraud the man of everything, even when she earns megabucks and he stays home to rear the offspring.
These drones need to stop marrying and giving half, or more, of their labour and time and money to some ugly WASP who does not put out.
I generally refrain from having an opinion on peoples divorice and relationship problems. But, if I have a tendency I understand and sympathize with the guy (naturally). In this case I hope she cleans his clock and them some. I hope that shit bag is tied up in court with divorice lawyers on his ass for the rest of his life. Got no love for the bitch either.
"What do you think I should do with it? . . . I could buy an island. I could buy a private jet . . . I could get myself a 22-year-old!"
May want to start by looking in the mirror. Maybe you can buy 22 year old sex but, with your looks buddy, there is no 22 year old who will give her youth up for you, maybe for your money but sorry, thats not love. This is what happenes when the Federal Reserve decided to print money, they created a new classless society of money whores! Should have let the sytem go, recovery would have been real and morals wuld have stayed in tack!
You have no idea how easily a 22 year old female will give up her ass to someone that takes her on a trip in a private jet.
lol, pretty sure there's a queue of "22 year old males" that would trade their ass for a private jet lifestyle too. . .
Bullshit.
If one is halfway decent looking (i.e. not ugly) and has the means, you can find them easily.
They might not stay with you for the rest of your life (and you might occasionally feel again like a parent raising a child), but for 5 to 10 years no problem, if you heed the first rule of poon: F*ck them good!
I was at a closing on an office building back in the 90s...post oil boom 1 in Denver....I sold the building for the guy..he owned an oil company that was bought out by one of the big players...he kept the office building...he took the check...gave half of it to his wife and told her he was running off with the secretary.....all this in the closing table...lol..he was retired..
Now if only Bernanke's wife would dump him maybe something could get started.
Always, always, always...
I have no plans on getting divorced but if I do, I think my next wife hasn't graduated from high school yet.
I can't imagine a vagina worth $5 billion dollars. $100 million, of course. But 9 figures...?
"But 9 figures...?"
After 3 kids and 30 years I'm guessing that should be 9 fingers.
Why do guys that are getting/planning on being rich get married? Seriously, if you want to procreate, child support is way cheaper.
Who is Tepper tappin' now?
Bullish cocaine, wine, hookers and porn stars and their representatives
Bitcoin. Lost my private keys in a boating accident.
I know a guy who did this and got away with it before the IRS came out with guidance on btc. Judge declared it wasn't an asset and didn't have to be subject to division. I'm sure he has lawyers he can consult..I'm sure she does too.
$10 billion net worth - difficult to fathom. Even harder to believe it was created in a very short period of time without inventing, manufacturing, discovering anything.
Pathetic that this divorce will continue to be news. How much will the wife get in the settlement?! $5 billion? $4 billion? $3 billion?
Who cares. Still wealthy beyond imagination and more than you can spend on art, jewelry, autos, jets and vastly over-priced real estate. Bring on the reset.
That really is the sad part -- wealth without providing a single thing to humanity. In fact, probably just adding suffering. The industrial tycoons built things every sector of society benefitted and still benefits from. They didn't get as wealthy as this scum.
what is half of infinity?
This guy exemplifies exactly what is wrong with this market. A poster child for the collapse.
My question is why did she stay with that cretin for 30 years. Anyway, now she gets to play with a few billion without having to come home to him. Can you imagine the conspicuous consumption binge that bitch is about to embark on? I have no doubt she is cut from the same cloth as he is.
He got the money and if he wants to buy some of the royal jelly with it, he should. That's what it is for. The rich always eat better. Good for him.
Now if I were Tepper I would keep the whole thing a tad more sub rosa but then that's not the Amerikan Way is it. The upper-class asian way is much smarter, much more discreet. Tepper is just asking for trouble.
A sexual relationship featuring this degree of age differential creates a spontaneous shit-magnetic field in pussy-whipped, repressed states like Amerika.
Super sharp dude is gonna pay for the 22 YO crack 4 sure! It's got an extra $50m written all over it!
i bet you american "liberal" idiots still have a problem with higher taxes for the rich... i'll have fun watching the civil war unfold.
HHAHHAHA prenup.
If I've learned anything from the MGTOW forums they can be nullified & you can be wiped out.
Typical of the tribe.
No class.
In my experience, if the parties go into the marriage with a prenup (or otherwise contemplating a tidy divorce), then they'll fulfill that prophecy. If you want to have a chance at a successful marriage, then the parties will likely need to have each set of parents still together and, further, have quite a bit of pre-marital counseling from a top shelf private practice therapist... and that's the easy part. The hard part is investing in your marriage, every single day. What more important investment will you make in your life? People will devote all kinds of time to work, hobby, or some other bullshit and ignore their marriage. It's a really, really hard task, but like all similar endeavors, rewarding and fulfilling if you're actually invested. And for those of you wondering, "investment" takes more than just money.