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American billionaire Jeffrey S. Yass, with a net worth of $28.5 billion in 2023, stands as the world's 48th wealthiest individual and Pennsylvania's richest resident. As the co-founder and managing director of Susquehanna International Group, Yass hails from a Queens, New York middle-class Jewish family. A skilled trader and former professional gambler, Yass has deep political ties, mainly supporting Republican causes, and is heavily involved in educational philanthropy. He is a longstanding board member at the Cato Institute since 2002, emphasizing financial market expertise.
July 17, 1958
67 years
Trading, Investments
Finance & Investments
United States
Haverford, Pennsylvania
Bachelor of Science, SUNY Binghamton
Janine Coslett
4
Jeffrey S. Yass was born into a middle-class Jewish family in Queens, New York. His father, Gerald Yass, was an accountant and co-founder of Susquehanna International Group (SIG). Yass attended public schools in Queens and went on to earn a BS in mathematics and economics from Binghamton University. He pursued graduate studies in economics at New York University but did not complete the program.
Jeff Yass: Family
Jeffrey S. Yass is married to Janine Coslett and has four children. The family resides in Haverford, Pennsylvania.
Jeff Yass: Career Highlights
Yass co-founded SIG with five friends while at Binghamton University in the 1970s. The company became the largest trader of liquid stocks in the United States. Yass was sponsored by billionaire trader Israel Englander for a seat on the Philadelphia Stock Exchange. Prior to his success in finance, Yass worked as a professional gambler.
Jeff Yass: Companies
Jeffrey S. Yass is the co-founder and managing director of Susquehanna International Group (SIG), a global financial services company. SIG is headquartered in Bala Cynwyd, Pennsylvania, and has offices in major financial centers around the world.
Jeff Yass: Major Achievements
Yass has achieved significant success in the financial industry. He is credited with building SIG into one of the most successful trading firms in the world. His net worth is estimated to be $28.5 billion, making him the 48th richest person in the world as of 2023.
Jeff Yass: Awards & Achievements
Yass has received numerous awards and recognitions for his contributions to the financial industry. In 2001, he was featured as one of 76 Revolutionary Minds in Philadelphia magazine. He is also the richest man in Pennsylvania as of 2023.
Jeff Yass: Personal Life & Legacy
Yass is known for his philanthropy and support of various charitable organizations. He is a member of the board of directors of the libertarian Cato Institute and has donated to various political candidates and organizations, primarily Republican.
Yass is also an advocate for school choice and has donated to organizations promoting it. He was one of the ten largest political donors in the United States in 2020.
Jeff Yass: Trivia
Yass is an avid art collector and owns a significant collection of contemporary art. He is also a fan of sports and supports several professional sports teams in Philadelphia.
Co-founded Susquehanna International Group (SIG) with five friends while at Binghamton University.
Appeared as one of 76 Revolutionary Minds in Philadelphia magazine.
Became a member of the board of directors of the libertarian Cato Institute.
Became one of the ten largest political donors in the US.
Has a net worth of $28.5 billion, making him the 48th richest person in the world and the richest man in Pennsylvania.
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