Who is the Richest Person in Pennsylvania (2024)?

Who is the Richest Person in Pennsylvania (2024)?

According to Forbes, Jeff Yass is the wealthiest person in Pennsylvania in 2024, with an estimated net worth of $27.6 billion. He is a decabillionaire. Yass is the co-founder of Susquehanna International Group and has maintained his position due to his successful trading and investments, including a significant stake in ByteDance, the parent company of TikTok.

Jeff Yass: From Professional Gambler to Billionaire Trader

Jeff Yass, a legendary figure in the world of finance, has made a remarkable journey from his early days as a professional gambler to becoming the wealthiest individual in Pennsylvania in 2024.

His keen intellect, risk-taking ability, and innovative approach to trading have propelled him to the top of the financial world. With a net worth of $27.6 billion, Yass has solidified his position as a dominant force in the industry and a prominent figure in the state’s economic landscape.

The Rise of Susquehanna International Group (SIG)

Yass’s success story is intricately linked to the rise of Susquehanna International Group (SIG), the trading and technology firm he co-founded with friends from the State University of New York at Binghamton.

From its humble beginnings in 1987, SIG has grown into a global powerhouse renowned for its options trading and market-making expertise. The firm’s unique approach to recruiting and training traders, which includes using poker tournaments to sharpen decision-making skills, has contributed to its remarkable success.

In recent years, SIG has also made significant investments in private companies, including ByteDance, the parent company of TikTok, which has become one of its most valuable holdings.

Yass Family Background and Early Life

Born in 1958 in Queens, New York City, Jeff Yass grew up in a middle-class Jewish family. His father, Gerald Yass, played a crucial role in helping to establish SIG’s back-office bookkeeping operations in the 1990s.

Yass’s childhood sweetheart and now wife, Janine Coslett, has constantly supported him throughout his journey. The couple has four children and resides in Haverford, Pennsylvania. Yass’s early education took place in public schools in Queens, and he later earned a Bachelor of Science in mathematics and economics from Binghamton University.

Jeff Yass’s Political Influence and Donations

Beyond his business endeavors, Jeff Yass has become a significant force in the political arena, primarily through his substantial contributions to conservative causes and candidates. Yass, a registered Libertarian, has donated millions to Republican super PACs and campaigns, including Club for Growth Action and the Protect Freedom Political Action Committee.

In the 2024 election cycle, he has already donated $46 million to Republican groups and campaigns, making him the most significant donor thus far. Yass’s political influence extends beyond financial contributions, as evidenced by his meeting with former President Donald Trump in March 2024, which reportedly led to a shift in Trump’s stance on banning TikTok.

Yass’s Support for School Choice Initiatives

Education reform, particularly the promotion of school choice, has been a central focus of Jeff and Janine Yass’s philanthropic efforts. The couple has donated tens of millions of dollars to organizations and initiatives supporting the school choice movement, which aims to give families more control over their children’s education.

Janine Yass has been a vocal advocate for school choice, penning an opinion piece in support of former Secretary of Education Betsy DeVos’s views on the subject. The Yasses believe that empowering parents to choose the best educational options for their children is crucial for improving the education system and fostering innovation.

Yass’s Investments in TikTok

Jeff Yass’s investment in ByteDance, the parent company of TikTok’s popular social media platform, has drawn attention to his influence on the political landscape. In March 2024, Yass met with former President Donald Trump at a Club for Growth event, following which Trump shifted his stance from supporting a ban on TikTok to opposing it.

This change in position has raised questions about the potential impact of Yass’s financial interests on political decision-making. Additionally, Susquehanna International Group played a significant role in the 2024 merger of Digital World Acquisition Corp. and Trump Media & Technology Group, further highlighting the complex web of connections between Yass, his investments, and the political sphere.

Jeff and Janine Yass’s Philanthropic Efforts

Beyond their support for education reform, Jeff and Janine Yass have been involved in various philanthropic endeavors. In the aftermath of the September 11 attacks, Yass donated to the charitable fund established by the Port Authority of New York and New Jersey to assist the victims.

The couple has supported Save the Children, the People’s Emergency Center Families First building, and the Franklin Institute’s Franklin Family Funfest Committee. Through their charitable giving, the Yasses have demonstrated a commitment to supporting causes that aim to improve the lives of others and strengthen their communities.

The Yass Prize: Supporting Innovative Education Models

During the pandemic, Jeff and Janine Yass recognized the need for innovation in education, and they founded the Yass Prize for Sustainable, Transformational, Outstanding, and Permissionless (STOP) education.

This initiative seeks to identify and support non-traditional education models that have the potential to revolutionize the way students learn. In 2022, the Yass Prize was awarded over $20 million, with a $1 million grand prize going to the Arizona Autism Charter Schools for their individualized learning programs.

By supporting pioneering approaches to education, the Yasses hope to inspire a new generation of educators and drive positive change in the education system.


Jeff Yass’s wealth is a testament to his incredible journey from a professional gambler to a billionaire trader and co-founder of one of the most successful trading firms in the world. Yass’s impact extends beyond his financial success, as he has become influential in politics, education, and philanthropy. His story inspires aspiring entrepreneurs and reminds them of the transformative power of innovation, hard work, and strategic risk-taking. [1] [2]