Jeff Yass’ $15 Billion TikTok Fortune Shines Light on His GOP Clout
- Billionaire GOP mega-donor owns 7% of TikTok owner ByteDance
- Bill could force complicated sale of popular social-media app
As some of the harshest Republican critics of TikTok soften their stance on the China-backed social media app, one billionaire donor’s name is ricocheting around Washington.
The prospect that the app will be banned has thrust Jeff Yass, the trading mastermind behind market-maker Susquehanna International Group, into an uncomfortable spotlight. That’s because he owns a stake in TikTok’s parent company, ByteDance, that’s worth $15 billion, according to the Bloomberg Billionaires Index, the largest single asset in his $40.8 billion fortune.