$100 Million ATM Receipt Found In Hamptons, Said To Belong To David Tepper

This could be the closest many of us get to seeing $100 million.

The Wall Street tabloid site DealBreaker.com on Wednesday posted a June 18 ATM receipt from a Capitol One Bank in East Hampton showing an account with an available balance of a whopping $99,864,731.94.

The receipt is reported to have been left in the ATM after the account holder withdrew the cash.

DealBreaker later identified the account holder as David Tepper, a hedge fund manager and founder of Appaloosa Management. The site reports that Tepper joked after withdrawing the money that he "hadn't used an ATM since Lehman."

The New York Post reached Tepper on Wednesday night who denied even being in the Hamptons in June.

"I would never do something as irresponsible as leaving $100 million in a savings account," he told The Post.

Tepper recently tore down his ocean-front home in the Hamptons that he bought for $43.5 million in 2010.

Regardless of the account holder's identity, he or she still suffered the $2.75 out-of-network ATM fee for withdrawing $400.

Comments

[Feminism is dead]

08:13 AM on 08/22/2011

Why would you keep 100 million or close to it in savings anyway? At least with crappy interest rates as they are. Or it's just their 'Fun' account, with their real investments brokered well. I'd like to think that, at least for their sake.

[Max Shaw]

12:56 PM on 07/05/2011

He probably left it there on purpose to ruin the day of whoever used the ATM after him...

[Feminism is dead]

08:07 AM on 08/22/2011

After using it to blow their nose no doubt.

[Peter Cullen]

12:41 PM on 07/05/2011

I wonder what "Job" he created today now that he got that great tax break extended by Obama. He spent $400...coffee house worker, waiter...who's tip jar did he drop those three quarters into.

That photo is also the greatest example of why a consumption tax is such a bad idea.

[E P S]

10:41 PM on 07/04/2011

And I was always blown away when I find ATM receipts in midtown with a checking balance of 20K+...

[justoneblackman]

12:30 PM on 07/04/2011

It's our duty as Americans to ensure he gets a tax break.

[Jess Level]

10:11 AM on 07/04/2011

Art is always a good investment...start SMALL... David Tepper. You'll be glad you did.
a hundred million in the checking and you still don't own a Jess Level ? I am shocked sir...
http://www.jlevel.blogspot.com

[ikenwan]

06:07 PM on 07/02/2011

Just %.1 of this would be nice.

[sean mcclure]

08:24 AM on 07/02/2011

Can I have the 94 cents

[22Keys]

06:48 PM on 07/01/2011

Even if this savings account had an annual interest rate of 1% that is still 1,000,000 more dolllars per year simply for doing business with this bank. Jesus.

[Cole 33]

12:00 PM on 07/05/2011

Ridiculous isn't it. I have a buddy who does NOTHING, because his money makes money, enough for him to be able to do NOTHING.

[RunOverDog]

03:35 PM on 07/01/2011

That is my receipt, my name is, Lord Richarad Cranium of west Manchester.

[Tolms]

12:57 PM on 07/01/2011

Ooooh must be nice to be whoever that person is!

[tattoosflameguy]

11:25 AM on 07/01/2011

Why Capital One bank? that money should go local credit union bank to support local business. then David Tepper must be stupid.

[whosaidweshould]

10:59 AM on 07/01/2011

Tepper would never do something as irresponsible as leave a $100 million in a savings account. LOL...isn't that what the average American has been told to do during this recession, NOT stuff their sock drawers but rather put their money in a "safe" savings account? Oh, I forgot there's different rules for the high-rollers.

[nevertofarleft]

06:46 PM on 07/01/2011

the "average" american is under the $250k threshold for FDIC insurance. $100m is not.

[xtiangodloki]

10:52 AM on 07/01/2011

According to conservatives, we should give this guy a bigger tax break :)

[capnamerca]

08:20 AM on 07/04/2011

He already has the biggest tax break.

[Rynox]

10:42 AM on 07/01/2011

Those ATM fees kilI...