Who is Jeff Yass, Pennsylvania’s Republican megadonor and TikTok investor?

Philly-area billionaire Jeff Yass is again making headlines. This time, the deep-pocketed GOP donor has drawn attention for his investment in a company that merged with Truth Social, and his financial interest in TikTok., often to Republicans in recent years. He pours money into politics in Philadelphia and across the country, and while his candidates of choice have often been unsuccessful, his spending power could have implications in this year’s presidential election.

In 1987, they set up Susquehanna on the stock exchange options-trading floor — the cheapest to join of the nation’s stock markets — and later moved to Bala Cynwyd in Montgomery County, escaping Philadelphia’s wage and wealth taxes. Susquehanna recruited chess masters, engineers, and math graduates, and taught them to play casino poker, among other skills. Its traders were a fixture in the former PHLX basement trading floor on Market Street before expanding worldwide.What is Jeff Yass’ involvement in politics and what causes does he support?

Yass’ support hasn’t guaranteed victory, however. He backed four of President Donald Trump’s failed Republican opponents in this year’s quickly decided primary season. His early backing failed to make State Sen. Anthony Hardy Williams, Philadelphia’s mayor in the 2015 and 2019 elections. He backed David McCormick, a Republican running for U.S. Senate, in hisWall Street Journal

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pa. billionaire Jeff Yass could end up in a Donald Trump White House: ReportJeff Yass is being mentioned as as potential Treasury secretary after uniting with Donald Trump on the TikTok fight.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Trump and TikTok investor Jeff Yass are showing what oligarchy looks likeJa'han Jones is The ReidOut Blog writer. He's a futurist and multimedia producer focused on culture and politics. His previous projects include 'Black Hair Defined' and the 'Black Obituary Project.'
Source: MSNBC - 🏆 469. / 51 Read more »

Billionaires Yass and DeVos Are on a Crusade to Destroy US Public SchoolsThe pair are spending tens of millions on state elections to pass charter and private school voucher bills.
Source: truthout - 🏆 69. / 68 Read more »

A ban on TikTok would be a blow to local billionaire investor and GOP megadonor Jeff YassYass' firm reportedly has a 15% stake in TikTok's parent company. Yass has donated millions to a conservative group that opposes a ban.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

American billionaire faces backlash over TikTok investmentJeff Yass, an American billionaire options trader, is facing criticism for his investment in TikTok's parent company ByteDance. Yass, who has donated to Republican candidates, owns a 7% stake in ByteDance, worth $21 billion. Critics accuse him of using his influence to protect TikTok and leveraging his relationship with former President Donald Trump. Legislation is being proposed to force ByteDance to divest TikTok.
Source: NBCNews - 🏆 10. / 86 Read more »

The war on public schools is the stealth issue of the 2024 campaignBillionaires like Pa.'s Jeff Yass are accelerating the buying of politicians for 'school choice,' despite mounting evidence it doesn't work.
Source: PhillyInquirer - 🏆 81. / 68 Read more »