Recently, when the owners of the Pittsburgh Steelers indicated they were willing to sell a stake in the team, he seized the opportunity with childlike enthusiasm.
In a statement, Navarro said, "It would have been a privilege to become stewards of this iconic franchise to ensure its home remains in the Carolinas, where it belongs..."
Tepper's plans on whether the team will remain in Charlotte for the long-term future remain unclear.
Forbes estimates that as of May 2018 Tepper is worth $11 billion, calling him "arguably the greatest hedge fund manager of his generation".
Jerry Richardson, the team's founder and only owner, abruptly announced he was selling the team last December after coming under investigation from the league for sexual and racial misconduct in the workplace.
It is unclear at this time whether Tepper will be the sole owner or have minority owners. He may also soon find himself with a lot of money coming back to him - in the form of tax savings - from his purchase of the Panthers for $2.2 billion from Jerry Richardson. And the new owners will try to get the Panthers back to the Super Bowl for their first ever championship ring.
Born in 1957, he grew up in what has been described as a lower middle-class Pittsburgh neighborhood as the son of an accountant (Harry) and a public school teacher (Roberta). He became only the first former player since George Halas to own an National Football League team when he was awarded an expansion franchise in 1993.
How do you feel about the sale of the Carolina Panthers?
► $1.1 billion - Miami Dolphins (2008): American real-estate developer Stephen Ross bought the franchise and has since brought in Gloria Estefan, Marc Anthony and Venus and Serena Williams as minority owners.
In early 2017, two months after Trump took office, Tepper appeared to soften enough to say the economy would benefit from a lack of new regulations coming from the Republican-controlled federal government. He'll need to sell his ownership stake in the Steelers once he becomes the Panthers owner.
Prior to the 2016 presidential election, he said in an interview with CNBC, "You have one person with questionable judgment and the other person may be demented, narcissistic and a scumbag".
Tepper is known for his philanthropy.
"During the financial crisis, during Sandy, not one dime".
Tepper went on to say, "One thing I do with my wife, this is a thing called the Golden Rule".