CHARLOTTE, N.C. (FOX 46 CHARLOTTE) - Despite a volatile market, hedge fund manager and Carolina Panthers owner David Tepper appears to have gone relatively unscathed.
Tepper landed on the 2019 Forbes list of the world's wealthiest, released on Tuesday, coming in at No. 118.
The hedge fund manager purchased the Panthers in 2018 after Jerry Richardson was forced to sell the team because of alleged workplace misconduct. The $2.8 billion sale set an NFL record.
The Panthers owner made last year's Forbes list of wealthiest Americans coming in at No. 38.
Appaloosa Management, Tepper's hedge fund firm, is based in Florida.
Cosmetics mogul Kylie Jenner, 21, is the youngest on the list and the owners of electronic cigarette company Juul Labs as well as the Spotify creators are the newest additions to the list.
According to Forbes there are 2,153 billionares worldwide. Economic forces have played a factor in that number decreasing from 2,208 last year.
Jeff Bezos is No. 1 on the list followed by Bill Gates.
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