Tepper's Most Profitable 2015 Trade May Be Moving to Miami
- Family considerations said to be main factor for Tepper's move
- Moves could save managers millions ahead of a 2017 tax change
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New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida.
Tepper registered to vote in Florida last October, listing his residence as a Miami Beach condominium, and followed up in December by filing a court document declaring that he is now a resident of the state. He also carried out a business reorganization on Jan. 1 that relocated his Appaloosa Management from New Jersey to Florida, which is free of personal income and estate taxes.