Early and Personal Life
Born as David Tschernitz, he is the son of Austrian migrants. He was born and raised in the inner Melbourne suburb of Footscray, Victoria. He was educated at Penleigh and Essendon Grammar School and graduated from RMIT with a degree in Accounting. Tweed's first and only job was as a "runner" then "floor trader" and then adviser for brokerage firm, McKinley Wilson, and according to Peter MacLaren (Dec'd), his former boss, he changed his surname to Tweed after he was promoted to the trading room. It transpired that Tweed had assumed the same name as a former business journalist and later sharemarket analyst who had an extended working stay in Europe. . His original house doubled as his office and was in Roden Street, West Melbourne, however he has since moved into the Melbourne CBD.
According to the Herald Sun, Tweed lived in a de facto relationship with Donna Newman and they have three children. The Sun also alleges that "Mr Tweed has been ostracised by his family, who have begged him to stop his unscrupulous behaviour" but is defended by Ms Newman's father Dennis, who has said that,
- "If people have got shares and they have no idea what to do with them, then maybe they are better off without them. Let people who can look after them look after them. I know that sounds very callous but . . . he's not breaking any laws."
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