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