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Tepper to speak on Tuesday

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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PghPanther Mentor

PghPanther

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Posted

In his trading days on Wall Street Tepper was the top trader at Goldman Sachs but got passed over by Jon Corzine of Goldman Sachs rather than make him partner. Tepper took this personally since the reason was Corzine didn't like Tepper's personality. 

Tepper left Goldman, founded his own hedge fund, and became a billionaire. Then in 2015, he found a chance at getting back at Corzine.

Corzine and his wife Joanne Dougherty had lived in a Hamptons mansion, which they put a bunch of effort into building up. When Corzine and Joanne divorced in 2003, Joanne got the mansion, which was valued at $9 million. In 2015, Tepper bought the mansion and ended up paying $44 million for it.

Then he tore it down and built another mansion, twice as big, in the same spot.

If he’d been planning on building a mansion from scratch, he could have done so more cheaply on vacant land rather than by buying an existing mansion only to raze it, but Tepper it appears wanted to squash Corzine’s ego with his own. 

Folks that’s all you need to know about who owns the Panthers.

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