Anarcho-Capitalist NEWS: This Secretive Libertarian Billionaire Is One Of America’s Biggest Conservative Donors

Secretive trader Jeff Yass got rich navigating Wall Street’s ups and downs with his firm, Susquehanna International Group. After an investigation into his holdings, Forbes added him to the World’s Billionaires list last week with an estimated net worth of $12 billion, a fortune that’s allowed him to shovel gobs of money into politics. In the 2020 election cycle, Yass was the seventh-largest billionaire donor in America.

Anarcho-Capitalist NEWS: This Secretive Libertarian Billionaire Is One Of America’s Biggest Conservative Donors 0x0

Anarcho-Capitalist NEWS: This Secretive Libertarian Billionaire Is One Of America’s Biggest Conservative Donors 0x0

A registered Libertarian, he spent $31.1 million in 2019 and 2020. He did not donate directly to Donald Trump or Joe Biden in the 2020 election and instead concentrated his efforts on two conservative super-PACs—political groups that can accept unlimited sums from donors. Yass gave $21.7 million to Club For Growth Action and $8.6 million to Protect Freedom Political Action Committee.

Yass’ donations to Club for Growth were nothing new. He has contributed to the group’s political committees nearly every year since 2000. But he upped his generosity ahead of the 2020 election, giving 30% of the money that flowed into Club for Growth Action. The super-PAC has helped elect candidates like Texas Sen. Ted Cruz and Pennsylvania Sen. Pat Toomey. Along with a special interest nonprofit of the same name, Club for Growth supports issues such as instituting term limits in Congress, implementing a flat tax and shutting down the Department of Education. The group has been somewhat inconsistent in the Trump era—it spent about $7 million opposing Donald Trump in 2016, but used roughly $10 million to run ads opposing Joe Biden in in the most recent election.

The other super-PAC Yass supported last year, Protect Freedom Political Action Committee, is tied to Sen. Rand Paul (R-Ky.). During the 2020 election, it ran ads supporting Senate candidates such as David Perdue and Kelly Loeffler of Georgia, as well as House freshmen Madison Cawthorn and Lauren Boebert of Colorado, both of who voted against certifying the 2020 election results on the day of the Jan. 6 Capitol riot. Yass provided some 65% of the $13.1 million that Protect Freedom raised during last year’s election cycle.

A spokesperson for Yass did not comment on the donations.

The billionaire also frequently contributes to local and state politics. He sits on the board of the Cato Institute, a libertarian think tank. It was through that organization that he met famed economist Milton Friedman in the 1990s. Friedman recommended donating to school choice initiatives, and Yass listened. Last year, he gave $9 million to a Pennsylvania PAC that supports charter schools. That one donation made up 70% of the PAC’s annual fundraising.

https://www.forbes.com/sites/michelatindera/2021/04/16/this-secretive-billionaire-is-one-of-americas-biggest-conservative-donors/?sh=1ea356347f45

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Anarcho-Capitalist NEWS: This Secretive Libertarian Billionaire Is One Of America’s Biggest Conservative Donors

Anarcho-Capitalist NEWS: This Secretive Libertarian Billionaire Is One Of America’s Biggest Conservative Donors

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