Bet you wish your ATM receipt looked like this: 'Hedge fund manager' drops slip showing $100 million bank balance
Daniel Bates
This chap had $100million (£62million) in his account – and we know because he left the receipt at the machine.
The unidentified Wall St banker took out $400 (£250) but forgot the slip, which showed his balance was $99,864,731.94.
The piece of paper was picked up by a member of the public who passed it on to a financial blogger who posted it on the internet.
In the black: The receipt shows a very healthy bank balance, but the owner still has to stump up the $2.75 charge
What sort of person keeps such a sum in a low interest account is open to question.
But last night hedge fund manager David Tepper was forced to deny it was him after he was named by a number of websites.
He is rich enough to have several such accounts if he really wanted, having made $4.3billion (£2.7billion) betting against the financial crisis of 2009. The withdrawal took place at a Capital One bank in the Hamptons in New York, the millionaires’ playground of Wall St executives and celebrities.
Below the date and time of 10.14pm on June 18 there is the amount drawn out and the account balance – plus an ATM fee of $2.75 (£1.75).
Couple: David Tepper with his wife Marlene. Tepper is said to have a pair of replica brass testicles on his desk - a gift from his colleagues
Mr Tepper, 53, has close links to the Hamptons, where the likes of Sir Paul McCartney have summer homes.
This year he paid £27million in cash for a 6,100 sq ft mansion in the Sagaponack area of the Hamptons, but immediately knocked it down and now plans to build one twice as big on the same site.
The neighbourhood where the bank is situated is nicknamed the Rodeo Drive of the east coast of the U.S. – after the plush district in Beverly Hills, California – and is known for its expensive clothes shops and restaurants.
Mr Tepper laughed off the idea that the receipt was his and said he ‘wasn’t in the Hamptons in June at all’.
He added that he had not used a cash machine since the collapse of investment bank Lehman Brothers in 2008.
‘I would never do something as irresponsible as leaving $100million in a savings account,’ he said.
Others who have homes in the Hamptons include Tiger Woods and Renee Zellweger.
July 1, 2011