David Tepper, the billionaire, founder and president of Appaloosa Management condemned Donald Trump and rejected assertions that the Republican presidential candidate is a generous person.
Tepper is voting for Hillary Clinton to become the next president of the United States. The billionaire hedge fund manager supported President Barack Obama in 2008 and Mitt Romney in 2012.
In an interview with CNBC’s Squawk Box, Tepper indicated that Trump, who is also a billionaire, is selfish because he did not donate money in the wake of disasters in the State of New York.
Trump did not give a dime during Sandy, 9/11 benefit
Tepper said he saw Trump’s wife Melania on TV and introduced him as a generous, giving, and charitable person during a campaign over the weekend. According to him, her description about the Republican presidential contender is not correct citing the fact that Trump did not give a dime to a major food bank or pantry in New Jersey.
“During Sandy, the big Sandy benefit, the big 9/11 benefit, not one dime. Not one dime! You can’t tell me this is a charitable, generous person,” said Tepper. The billionaire hedge fund manager emphasized, “Trump masquerades as an angel of light, but he is the father of lies.”
Trump’s campaign manager Kellyanne Conway told Squawk Box in a subsequent interview that the Republican presidential candidate “has been very generous with his time and his money over a number of decades. … I’ve witnessed it first hand.”
Trump frequently describe himself as an “ardent philanthropist.” He has been boasting, “I’ve given millions away” during the campaign trail. His son, Eric said his father gave “millions and millions and millions” of his money to charity.
The least charitable billionaire
However, a series of investigative reports particularly from the Washington Post showed that Trump did not make any cash donation to a charity over the past five years.
In response to the reports of the newspaper, his campaign provided a list of the candidate’s donation. Most are gifts-in-kind from his businesses to charity auctions and land conservation agreements to waive development rights on properties owned by the Republican presidential candidate. The list showed that Trump hadn’t given a personal cash donation to his Foundation since 2008.
In 2011, a report from The Smoking Gun website described Trump as the least charitable billionaire based on the tax returns of his Foundation from 1990 to 2009. The Republican presidential candidate personally donated $3.7 million to his Foundation over the previous 20 years.
The figure supports the fact that Trump gave millions of money, but not many millions. The Republican candidate is not even the largest donor to his Foundation based on the tax returns. The World Wrestling Entertainment (WWE) donated a total of $5 million to the Trump Foundation.