Jun 30 - Rich mogul leaves behind $100 million ATM Balance Receipt

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 7 years ago '04        #1
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CoconutCoke 10 heat pts10
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Jun 30 - Rich mogul leaves behind $100 million ATM Balance Receipt
 

 

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It's an embarrassment of riches. A receipt - showing a astounding $100 million savings balance- was left behind at an East End bank by an arrogant mogul who couldn't be bothered to pick it up after withdrawing $400 and paying a $2.75 ATM fee.

It was found sticking out of the slot at the Capital One Bank in East Hampton Village by the next customer -- who turned it over to the financial tabloid Web site Dealbreaker.com.

Besides documenting an amazing $99,864,731.94 savings account, it illustrates one truth that every New Yorker knows -- no matter who you are or how much you have, you can't escape ATM fees.


Read more:
[pic - click to view]

 Mogul, possibly hedge fund manager David Tepper, leaves behind ATM receipt showing $100M balance - NYPOST.com




[pic - click to view]

All I got to say...

106 comments for "Jun 30 - Rich mogul leaves behind $100 million ATM Balance Receipt"

 7 years ago '10        #2
Hovi Bryant 676 heat pts676
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Oh so someone found my receipt and posted it on the internet. How cute.
 7 years ago '08        #3
supervillain 244 heat pts244
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unbelievable......
 06-30-2011, 07:20 AM         #4
pabloescobarjr 
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and he's only taking out $400.. f**kn pocket change.
 06-30-2011, 07:28 AM         #5
Silver N Black 
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 06-30-2011, 07:36 AM         #6
deLeet 
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motivation
 06-30-2011, 07:42 AM         #7
80sbabyent 
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assuming 2% simple interest rate, he makes $5,479 a day on that account. It would take him a little less than two hours to make that $400.00 back. He makes the ATM usage fee back in less time than it took him to actually use it.

sh*t is crazy.
 7 years ago '05        #8
HUDA2daF 2 heat pts
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you cant buy weed with a bank card, n*gga was coppin a zone of some loud..
 7 years ago '06        #9
ClevelandRay 
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 80sbabyent said:
assuming 2% simple interest rate, he makes $5,479 a day on that account. It would take him a little less than two hours to make that $400.00 back. He makes the ATM usage fee back in less time than it took him to actually use it.

sh*t is crazy.
it's actuall 1.04% but why put all your money in one bank when the FDIC only insures $250,000.00?
 7 years ago '07        #10
wtr1906 45 heat pts45
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 ra1n said:
400 is usually the daily limit for ATM withdrawals
I used to think the same thing until I started working for a financial institution....clients with that kind of money have a much, MUCH higher ATM withdraw limit than $400 unless they request to keep it at $400
 7 years ago '07        #11
KnicksLost 17 heat pts17
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 ClevelandRay said:
it's actuall 1.04% but why put all your money in one bank when the FDIC only insures $250,000.00?
We do not know if that's all his money...that could be his spending money...at the end of the day ppl getting money I need my cut
 7 years ago '04        #12
CoconutCoke 10 heat pts10 OP
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 ClevelandRay said:
it's actuall 1.04% but why put all your money in one bank when the FDIC only insures $250,000.00?
Listen, I'm sure this guy is making sure the bank is on solid footing if he's depositing 100 milly. On top of that, I'm sure he understands this is only ~ 1% interest and has tons of other money in stocks, bonds, and various investment accounts - this must be his chump change account he uses for "bullsh*t" spending throughout the year.
 7 years ago '06        #13
Blockburner28 67 heat pts67
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Hmm with my bank if you have over 15,000 in the bank I think you can avoid fees. I know its special accounts you can have to avoide fees.
 7 years ago '05        #14
QualityRecords 9 heat pts
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I imagine whoever this is has a lot more than 100 million. Probably owns a lot of stock, a business or two or three, and probably has a few bank accounts.
 7 years ago '04        #15
thisisgame 
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I wanna know if they hiring where he work at.
 7 years ago '06        #16
hood135 2 heat pts
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$99,864,731.94

Damnit
 06-30-2011, 09:52 AM         #17
Yelsgnik 
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I do the same thing on purpose but I'm only at five figures..

I think I'm going to stop doing that now though lol..
 06-30-2011, 09:57 AM         #18
80sbabyent 
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 QualityRecords said:
I imagine whoever this is has a lot more than 100 million. Probably owns a lot of stock, a business or two or three, and probably has a few bank accounts.
He is the Head of Appaloosa Management (A large hedge fund) He is worth around $4 billion. So yea this account is prolly is fu*k off money.
 7 years ago '06        #19
hood135 2 heat pts
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And they called him arrogant? With that kind of money, it'll be hard for me to smell my own sh*t too.
 7 years ago '10        #20
J AL7 1 heat pts
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 hood135 said:
And they called him arrogant? With that kind of money, it'll be hard for me to smell my own sh*t too.

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