Yass initially did not respond to requests seeking an interview and didn’t comment on our estimates. 184 on Forbes’ 2021 list of the World’s Richest People. We estimate that his firm and its portfolio of investments are worth well over $30 billion and put his net worth conservatively at $12 billion, landing him at No. Susquehanna has even become a force in the trading of cryptocurrencies.įorbes spent more than two months digging into his vast holdings, speaking to former Susquehanna insiders, reviewing hundreds of securities filings, regulatory disclosures and court documents. The operation also stakes bets on elections and won big on Joe Biden’s victory in the 2020 Presidential election. There’s more: Susquehanna is becoming a powerhouse in making markets for sports bets through its Dublin-based trading unit called Nellie Analytics. in China, and Credit Karma and Payoneer in the United States. His firm is now among the 20 largest investors in venture capital-backed companies in the world, according to some estimates, owning tens of billions worth of investments spread across China, Israel and the United States and large stakes in tech companies like Agora Inc. Yass has used Susquehanna’s trading profits to invest in early-stage growth companies around the world, like TikTok parent company ByteDance, the world’s most valuable private company. It’s also regularly among the top-five market makers in U.S. Today, Susquehanna commands nearly 10% of the market making volume in exchange traded funds, moving over 130 million shares daily in 50 countries around the world. At age 63, Yass has built Susquehanna into a global giant without taking a penny of outside capital.

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