Jeffrey S. Yass

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Jeffrey S. Yass
Occupation Founder and Managing Director
Employer Susquehanna International Group
Location Bala Cynwyd, Pennsylvania

Jeffrey Yass is the co-founder and managing director of Susquehanna International Group (SIG), based in Bala Cynwyd, Pennsylvania. According to Forbes, he had a net worth of $27.6B in 2024.[1]

Susquehanna, his global quantitative trading firm, was the first big backer of ByteDance, the Chinese owner of TikTok. SIG currently owns about 15 per cent of ByteDance, a stake worth about $40bn that represents a significant chunk of Yass’s net worth, the Financial Times quoted "people familiar with the matter" as saying.[2]

He is one of the biggest donors to the Republican party. He is also the biggest institutional shareholder of Digital World Acquisition Corporation, the shell company that merged with former President Donald Trump’s social media company.[3] However, he has not endorsed Trump or donated to his campaign. Yass is also a supporter of private and charter schools, and of conservative groups in Israel.[4]

Background[edit]

After attending college at Binghamton, Jeffrey Yass went to Las Vegas with some friends and made a bundle playing poker in Las Vegas. He brought his winnings back home to New York and went to business school at NYU. He became an options trader on the American Stock Exchange and then in 1981 he began trading on the Philadelphia Stock Exchange, backed by the billionaire Israel Englander. He eventually bought a seat on the latter exchange.

Yass became a professional gambler right after college and has long been interested in sports and betting. For a college economics class, Yass wrote a final paper titled, "An Econometric Analysis of Horse Racing," which he eventually published in Gambling Times magazine.[5]

Yass and his friends from Binghamton college — Arthur Dantchik, Eric Brooks, Andrew Frost, Steven H. Bloom, and Joel Greenberg — formed Susquehanna in 1987, just before the market crashed. On October 19th — Black Monday — Susquehanna made several million dollars.[6]

Education[edit]

He earned a Bachelor of Science from SUNY Binghamton.

References[edit]

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