N.J. has lost its wealthiest resident to Florida, report says (David Tepper)

NJ.com ^ | 16, 2016 at 3:04 PM, updated March 17, 2016 at 7:17 AM | By Craig McCarthy

[DCBryan1]

New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says.

According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015.

Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article.

Tepper has been a resident of the Garden State for more than two decades and has continually appeared on NJ Biz's 50 wealthiest people in New Jersey and Forbes list ranking the world's billionaires. His business was headquartered in Short Hills.

Tepper, who own a home in Livingston and a condo in Miami, has a net worth of $11.4 billion and is the 85th wealthiest person in the world, according to Forbes.

[DCBryan1]

File photo David Tepper.

Jerry McCrea/The Star-Ledger

[DCBryan1]

LOL...would the last capitalist out of NJ turn the lights out? The comments are worth the link click....some are delusional, some are scared, all are over taxed.

[arl295]

At this rate, I will be the wealthiest guy in New Jersey

That is not good

[dfwgator]

You know those lights were bright on Broadway
That was so many years ago
Before we all lived here in Florida
Before the Mafia took over Mexico
There are not many who remember
They say a handful still survive
To tell the world about
The way the lights went out
And keep the memory alive

Billy Joel - Miami 2017 (Seen the Lights Go Out On Broadway)

[Rebelbase]

I’m guessing he just couldn’t make a go of it in Camden?

[albie]

But they took something with them...their shi&&y voting habits.

[Hojczyk]

There all over down in SWF like the plague

And they love Hillary

Maybe they will go back

[NRx]

The correct link for those interested...

http://www.nj.com/news/index.ssf/2016/03/nj_has_lost_its_wealthiest_resident_to_florida_report_says.html

[dfwgator]

Many of them vote in both New York and Florida.

[4yearlurker]

Well,at least they have Wawas in Florida.

[i_robot73]

Yeah, but as long as they stay south of I-4...it’s a lost cause anyway /s

Admit the move from Balto to Jax was the best thing I’ve done for myself.

[SandRat]

So long as they never vote for the Liberal, Progressive, Tax loving SOB to never hold ANY elected or appointed office, EVER!

[Blue Jays]

People should absolutely WANT really wealthy people in their state(s).
As my career has progressed, it has always been a person who has more money than me extending the increasingly better job offer.
Really wealthy people typically bring opportunities and good positive change in communities. Hurray for successful folks!

[MasterGunner01]

Liberals think you can rob Peter and give it to Paul with no consequences. But, what happens when Peter runs out of money (or leaves the state in this case)? I guess we will have to apply confiscatory taxes on Liberals, right? No, the Liberals will flee these same taxes too, but they will vote to reimpose them where ever they relocate.< Liberals never learn from their mistakes (or admit to them).

[Robert DeLong]

Yep, they will have to adjust their tax table to hit you with the highest rate that currently exists.

[publius911]

Billy Joel - Miami 2017 (Seen the Lights Go Out On Broadway)

OK, gator, how did you get ahold of the time machine?

[arl295]

Exactly

[Robert DeLong]

Better get out while the getting is good. They may pass a law outlawing emigration from the state. After all, you must be getting tired of that cold weather you have to endure due to climate change. It will be 80 here today.

[Flick Lives]

... after registering to vote and declaring citizenship in Miami ...

I did not know Miami was a country. Declaring citizenship? One might declare residency, but surprisingly NJ and FL are in the same country.

[publius911]

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