Jeff Yass 101: Who is the Famous Options Trader and Billionaire? in our article of Zatrun.com, we will cover in detail everything you need to know about Jeff Yass, the famous options trader and billionaire that our readers are curious about.

Who is Jeff Yass?

Jeffrey S, born in 1956. Yass is a billionaire and an American options trader. He is also the co-founder and managing director of the Philadelphia-based Susquehanna International Group (SIG). Yass is also known as one of the first investors of TikTok and has been a member of the Cato Institute’s executive advisory board since 2001.

Jeff Yass is a prominent political figure and is considered the wealthiest person in Pennsylvania. According to the Israeli newspaper Haaretz, he is among the 10 largest political donors in the United States and is known to support the Israeli Far-Right. The Jerusalem Post also reported that Yass has been a driving force in weakening the rule of law in the country. Jeff Yass grew up in a middle-class Jewish family in Queens, New York. Jeff Yass attended public schools in Queens before earning a bachelor’s degree in mathematics and economics from Binghamton University. He received a master’s degree in economics from New York University, but did not complete his education.

Career Life:

during his time at the State University of New York at Binghamton in the 1970s, Jeff Yass formed a friendship with five other students, which later led to the creation of the Susquehanna International Group (SIG), now the world’s largest liquid stock trader in the United States. Israel Englander, co-founder of SIG, sponsored Yass for a seat on the Philadelphia Stock Exchange, and the company’s headquarters were originally located on the Exchange. Yass’ father, Gerald Yass, was also one of the founding partners of the company. Yass was a professional gambler before entering the financial sector.

Political Activities:

Jeffrey Yass, a billionaire trader and co-founder of the Susquehanna International Group (SIG), has been involved in various political activities throughout his career. he joined the board of directors of the Cato Institute, a libertarian think tank, in 2002 and currently serves on its executive advisory board. Yass donated $2.3 million to a Super PAC supporting Rand Paul’s presidential campaign in 2015, $3.8 million to Club for Growth and $20.7 million in 2020.

Jeff Yass and his wife Janine Coslett are public supporters of school choice. In 2017, Janine Coslett wrote an opinion piece for the Washington Examiner supporting Betsy DeVos’ views on school choice. November 2020, Yass donated $25.3 million to Republican candidates, ranking among the top Dec. ten political donors in the United States. In March 2021, an investigation by Haaretz revealed that Yass and Arthur Dantchik were responsible for a significant part of the donations made to the Kohelet Policy Forum in Israel.

In November 2021, Yass donated $5 million to the School Freedom Fund, a PAC that creates ads for Republican candidates in the 2022 election cycle nationwide. According to a June 2022 report by Propublica, Jeff Yass is accused of evading up to $1 billion in taxes and using his wealth to fund political campaigns supporting tax cuts and election deniers.