Billionaire co-founder of Susquehanna International Group (SIG) Jeff Yass, a registered libertarian since 1996, has delivered a stark reality check to Democrats regarding the upcoming 2024 election.
Yass, Pennsylvania’s wealthiest individual, boasts an impressive $47 billion fortune. He also has a significant $21 billion stake in TikTok, according to the Daily Mail. Recently, speculation has arisen about Yass potentially joining a presidential cabinet if Donald Trump wins.
However, Trump campaign spokesperson Steven Cheung clarified that there have been “no discussions of who will serve in a second Trump administration.” Yass himself commented on Trump’s unique campaign approach, stating, “He doesn’t have any donors. He doesn’t need the money. He gets so much free publicity. It’s not like you can influence him at all. The only thing you can appeal to is, ‘You’re gonna lose and be humiliated.’”
Yass’s confident prediction of a Trump victory contrasts sharply with Dr. Allan Lichtman’s forecast, who has correctly predicted presidential outcomes for the past 40 years. Lichtman predicts Joe Biden will win the 2024 election, citing that “a lot would have to go wrong” for him to lose. Using his “13 Keys” method, Lichtman notes that Biden has only lost two keys so far and suggests that losing six keys typically indicates a presidential defeat. Despite Trump’s legal battles, Lichtman admits that Trump’s base remains steadfast, potentially complicating the prediction landscape.
Yass, however, remains steadfast in his belief that Trump will ultimately prevail. For years, Yass has invested millions in supporting politicians who advocate for reduced government intervention in taxes, trading, education, and gaming, with Trump being a primary beneficiary of his support.
Yass’s alignment with Trump even led to his exclusion from a 2023 economic retreat hosted by the anti-tax political advocacy group Club for Growth, due to their initial disapproval of Trump. Nonetheless, Trump has since declared that he and the Club for Growth are “back in love” after meeting with Yass at a group retreat just before Trump’s policy reversal on TikTok. This rekindled relationship underscores the significant impact Yass and his financial backing could have on the 2024 election dynamics.
