Bet you wish your ATM receipt looked like this: 'Hedge fund manager' drops slip showing $100 million bank balance

By Daniel Bates


It's a fair bet that he wasn’t as bothered by the £1.75 fee for withdrawing his cash as us mere mortals might have been.

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

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

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.

The comments below have not been moderated.

Chump change.

6
5
Click to rate

It would be very nice to receive just 1 months interest on 1% of Mr. David Tepper money , to buy a humble little home for my wife and sonseb

6
18
Click to rate

Offensive little toads, Hedge Funds are destroying the economy by wiping out small investors every time they rig the markets down. They are as culpable as the banks themselves for the end of our Western economic way of life, they're rich enough to care less.. They should all be thrown in jail.

15
51
Click to rate

"Beth" : no data protection rules have been broken. nothing "identifying the account or person" included in the picture of the receipt. that's why they don't know who owns the account.

4
16
Click to rate

What a completely pointless article. So what some man has $100 million in his bank account, so do lots of other multimillionaires? What's the point? I wish I hadn't bothered reading it now.

33
32
Click to rate

I'd be happy if I just had the £4,731 of it. Even the £731 come to think of it.

7
67
Click to rate

Whether or not this slip does belong to him I believe that you are wrong in publishing a photograph or this slip. These are his own private bank details - surely you've broken the data protection act.

50
41
Click to rate

Fingers cross after tonight's Euro Million draw, I will be able to do the same but with £ pound sign instead of $.

6
45
Click to rate

Gross. A sign of the sick world we live in.

28
51
Click to rate

I would be most grateful for the return of my lost statement printout slip .. . . . . .

3
57
Click to rate

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

We are no longer accepting comments on this article.

Who is this week's top commenter? Find out now