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Jeffrey is an American options trader and as of October 2022, he has an estimated net worth of $30bn. In 1987, Jeffery founded Susquehanna International Group (SIG) where he is currently the managing director. In this article, we will investigate if Jeffrey Yass manages his wealth through a family office.
No family offices but investments spearheaded through Susquehanna International Group
SIG is a global trading firm and was founded in 1987 by Yass, Arthur Dantchik, Steve Bloom, Eric Brooks, Andrew Frost, and Joel Greenberg. The partners founded the group after a successful period of gambling on horse and greyhound racing. Their change to the stock exchange has proved very successful, with SIG now employing 2,000 workers worldwide. SIG has invested in numerous private companies to varying rates of success, most recently the group invested in TikTok’s parent company ByteDance and the investment has proved the most valuable holding so far. Apart from SIG and business, Yass holds a position on the board of directors of Cato Institute and is a member of the executive advisory council. Yass has been a strong supporter of the Republican party and was reported to have donated $25.3m in 2020, which would put him in the top 10 political donors in the US.
Picture source: Keenan Constance
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