The New York Times recently reported that Jeffrey Yass plans to make a “significant donation” to Trump’s political operation. The reality is more complicated.
’s social media venture last weekend, his name leapt off the page: Republican megadonor—and Never Trump billionaire—Jeffrey Yass.
If true, that would be a major development for the presidential race. Yass, an influential player in right-wing politics, has given nearly $50 million to federal candidates and committees this election cycle alone, according to Federal Election Commission filings. But while many of his preferred candidates publicly style themselves as allies of the former president, Yass himself has yet to give a single dollar to any Trump-aligned group.
playing out just as the legally and politically besieged candidate appeared to be at his most vulnerable. Over his lifetime, Yass has poured at least $150 million into political causes at the federal level, according to The Daily Beast’s analysis of publicly available campaign finance data. That number is almost certainly higher, however, because Yass has also injected tens of millions of dollars into state and local elections and issues across the country.
Ben Edwards, securities law expert at the University of Las Vegas Nevada’s William S. Boyd School of Law, told The Daily Beast that the SIG arrangement was fairly common and didn’t raise any immediate red flags. “If that is the largest institutional shareholder, and it’s the market maker, it tells you other institutional shareholders are staying away,” Edwards said. “Just think about it—if you bought a major stake in this company, and it goes down, it’s going to be really easy to second-guess your judgment, because I’ve lost count on how many indictments Mr. Trump is facing at this point.”.
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