to The New York Times. In June 2011, he was awarded the Institutional Hedge Fund Firm of the Year. In 2013, Forbes ranked him as top hedge fund earner of 2012, moving him up to the 166th wealthiest person in the world. Forbes listed Tepper as one of the 25 highest-earning hedge fund managers in 2013 and 2016. According to Forbes, Tepper has a net worth of $16.7 billion, as of 2022. The Bloomberg Billionaires Index ranked him as the wealthiest person in New Jersey. In January 2018, Tepper praised President Trump's corporate tax cuts, saying that the bull market still had room to grow and denying it was overvalued. “World growth is higher,” Tepper said. “There's no inflation. The market coming into this year doesn't look rich; in fact, it looks almost as cheap as coming into last year.” Tepper keeps a pair of brass testicles in a prominent spot on his desk, a present from former employees. He rubs them for luck during the trading day to get a laugh out of colleagues. In 2020 the largest parts of his portfolio are Alibaba with 13% and Amazon with 11%. Professional sports Pittsburgh Steelers On September 25, 2009, Tepper purchased a 5% stake in the National Football League's (NFL) Pittsburgh Steelers. Carolina Panthers Tepper bought the NFL's Carolina Panthers from original owner and founder Jerry Richardson in May 2018, and was forced to sell his Steelers shares. He beat out a rival bidder with more ties to the Carolinas, Ben Navarro, thanks both to speedy NFL vetting (his Steelers part-ownership allowed the league's owners to bypass the process) and his $2.2 billion bid, the highest in NFL history, lacking other investors (unlike Navarro's). The team's lease on Bank of America Stadium expired after the 2018 season. In a statement, Tepper committed to keeping the team in the Carolinas. Charlotte FC Upon closing the Panthers purchase in 2018, Tepper suggested his desire to bring a Major League Soccer (MLS) franchise to Charlotte. The Panthers organization placed a bid for an expansion team in July 2019 and were awarded the 30th MLS team on December 17, 2019. Charlotte FC was awarded to Tepper on December 17, 2019, and began play in 2022 at Bank of America Stadium. Tepper reportedly paid $325 million in expansion fees for the franchise, setting an MLS record. Political activities Tepper and his wife contributed $10,400 to