Saturday, December 26, 2009

New Zealand names its "Billionaire of the year"

Billionaire of the year

David Tepper made bucketloads of cash by betting that banks had been oversold early in 2009.

According to the story, Tepper has pocketed about US$2.5 billion of his hedge fund firm's profit this year. I suppose that explains the cheesy grin (but not the squint, the cheap PC in the background, the rumpled tieless shirt or the rolled up trousers - why is he dressed like a journalist?).

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