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David Tepper Completes 5-Year, 11k Square Foot, Multi-Million Dollar Effort To Tell Jon Corzine "You Can't Hurt Me Anymore"

The hedge fund manager and billionaire is safe now.
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As some of you may recall, back in 2010, hedge fund manager David Tepper bought Jon Corzine's old Hamptons house from Corzine's ex-wife, and proceeded to bulldoze the whole thing. While the location and the land had proved a large draw, there was more to this real estate acquisition and subsequent tear down than met the eye. In fact, it was part of a multi-year, multi-pronged attempt to exact revenge on a man who, in Tepper's eyes, had all but ruined his life. Or, it was a hilariously petty act by a billionaire who was still upset about a perceived slight* that happened back in the 90s. It was one of those two things!

Four years after a billionaire demolished his former boss' Hamptons house to build a bigger and better one, the sprawling oceanfront mansion is complete. David Tepper bought the Sagaponack home from the ex-wife of former New Jersey Gov. Jon Corzine for a reported $43.5 million in 2010. A year later, the 6,165-square foot house was razed to the ground on the 6.5 acre property on Gibson Lane, according to reports from the time. "You could say there was a little justice in the world," Tepper told New York Magazine. In the 90s, Corzine served as Tepper's boss at Goldman Sachs and passed him over for a promotion. Tepper left to found hedge fund Appaloosa in 1993 and became a billionaire in just 10 years.

Billionaire completes Hamptons mansion after tearing down home of ex-boss Jon Corzine who wouldn't promote him [NYDN]

Earlier: David Tepper Gets The Go-Ahead To Stick It To Jon Corzine

*That actually worked out in his favor, as he became much richer as a hedge fund manager than he would have ever been as a partner at Goldman Sachs.


Corzine Kids Take Issue With Vanity Fair's Reporting On Mom, Dad, David Tepper

Back in February, Vanity Fair ran a piece on Jon Corzine in the wake of the whole MF Global situation, attempting to determine "what set Corzine on the road to ruin." Figuring his personal life would be a good place to start, some story lines that were explored included JSC's relationship with his children and his  divorce from Joanne, who he met in kindergarten and was married to for 33 years. The former was described as having become "increasingly distant" as Corzine made his way up the ranks at Goldman Sachs.  The latter "bitter," which was not helped by the fact that, according to VF, Joanne had gotten "too close" to a onetime GS employee with whom Corzine had "bad blood," name David Tepper. Jon's children happened to catch the article and responded to it today in a letter to the editor, the short version of which is "you know nothing." From the longer version: Though we disagree with your analysis of [our father] and find your sources, often referred to as close friends, dubious at best, not to mention nameless, we understand judgments about public figures come with the territory. What does not come with the territory in our minds are reckless allegations and assertions involving private personalities such as the ones you chose to propagate toward our mother, Joanne. Your portrayal of her is the opposite of who we know her to be. The subjective descriptions of her character based on quotes from anonymous “friends” is the elevation of gossip to legitimate reporting. The assertion regarding her becoming “close” to David Tepper is a blatant falsehood. She has never met or spoken to David Tepper. JOSH CORZINE JEFFREY CORZINE JENNIFER CORZINE From the Magazine: Jon Corzine’s Family Responds [Vanity Fair]