
A David Tepper ATM receipt was found in public, leaving many wondering what it means and who David Tepper is.
David Tepper is the founder and president of Appaloosa Management, a hedge fund with over $50 billion in assets under management.
The receipt was likely from a transaction made by Tepper or someone associated with him.
David Tepper
David Tepper is a hedge fund manager and founder of Appaloosa Management. He's a pretty big deal in the financial world.
Tepper's account was left open with $99,864,731.94 after a withdrawal, as seen on an ATM receipt from a Capitol One Bank in East Hampton. This receipt was left in the ATM after the withdrawal.
Tepper has a history of buying and selling properties, including his ocean-front home in the Hamptons, which he bought for $43.5 million in 2010 and recently tore down.
Who is David Tepper
David Tepper is a successful American hedge fund manager. He founded Appaloosa Management in 1993.
He started his career in the financial industry in 1985, working for Goldman Sachs.
David Tepper's net worth is over $30 billion, making him one of the richest people in the world.
Background and Career
David Tepper's background is in finance, he started his career as a trader at Drexel Burnham Lambert in 1980.
Tepper's early success led to him becoming a partner at Drexel, where he worked until 1992.
He then joined Goldman Sachs as a managing director, a position he held until 1993.
At Goldman Sachs, Tepper was responsible for trading and investing in distressed debt, a specialty that would later become a hallmark of his career.
Tepper's experience at Drexel and Goldman Sachs laid the foundation for his future success as a hedge fund manager.
He founded Appaloosa Management in 1993, a hedge fund that would eventually become one of the most successful in the world.
Under Tepper's leadership, Appaloosa Management achieved impressive returns, with the fund reportedly generating returns of over 20% per year during its peak.
$100M ATM Receipt Found
A $100 million ATM receipt was found in the Hamptons, belonging to David Tepper.
The receipt was from a Capitol One Bank in East Hampton and showed an account with an available balance of $99,864,731.94.

Tepper withdrew the cash, joking that he hadn't used an ATM since Lehman.
The receipt was left in the ATM after the withdrawal.
DealBreaker.com identified Tepper as the account holder and reported his comment about not using an ATM since Lehman.
Tepper denied being in the Hamptons in June when the receipt was left, calling it irresponsible to leave $100 million in a savings account.
He recently tore down his ocean-front home in the Hamptons that he bought for $43.5 million in 2010.
Frequently Asked Questions
Can you get a receipt from an ATM?
Yes, you can get a receipt from an ATM, which typically includes details about the withdrawal. This receipt is usually provided along with the withdrawn cash.
Can someone get your bank info from an ATM receipt?
Yes, an ATM receipt can potentially reveal your bank information, including account numbers, if you're not careful about what you discard. Be mindful of the sensitive details on your receipts to protect yourself from identity theft.
What is the largest ATM receipt?
The largest ATM receipt ever recorded was for $99,864,731.94, accidentally left behind by a Wall Street banker. This astonishing slip of paper was picked up by a member of the public and later shared online.
Sources
- https://nypost.com/2011/06/30/atm-receipt-showing-astounding-100m-balance-left-at-hamptons-bank/
- https://www.huffpost.com/entry/100-million-atm-receipt_n_887993
- https://www.dailymail.co.uk/news/article-2009705/David-Tepper-ATM-receipt-Hedge-fund-manager-100m-bank-balance.html
- https://www.gawkerarchives.com/tag/david-tepper
- https://www.economicpolicyjournal.com/2011/06/9986473194-atm-receipt.html
Featured Images: pexels.com