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Grizzly Bulls’ Billionaires Index

⬅ # 60 Lukas Walton|# 62 Leonid Mikhelson ➡

# 61 Jeff Yass 

$28.7B

Real Time Net Worth
as of 5/13/2024

# 61 Jeff Yass 

$28.7B

Real Time Net Worth
as of 5/13/2024
OccupationCofounder, Susquehanna International Group
Source of WealthTrading, Investments
Age65
ResidenceHaverford, Pennsylvania
Marital StatusMarried
Children4
EducationBS, SUNY Binghamton
Age-Adjusted Net Worth$20.5B
Jeff Yass
Jeff Yass
United States
Net worth: $28.7B

Self-Made Score 

Wealth History

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Biography

Jeffrey Yass was born and raised in Queens, New York, in a middle-class Jewish family to Gerald Yass and Sybil.
His father, Gerald, graduated with a BS from LIU Brooklyn in 1951, worked as an accountant, and later co-founded Philadelphia Trading, which eventually became SIG (Susquehanna International Group).
Gerald, a senior executive and advisor at SIG as of 2018, played a significant role in the company's foundation.
Jeff Yass attended public schools in Queens and went on to earn a BS in mathematics and economics from Binghamton University.
Although he pursued graduate studies in economics at New York University, he did not complete the program.
In the 1970s, while at the State University of New York at Binghamton, Yass, along with five fellow students, co-founded SIG, which grew to become the largest trader of liquid stocks in the US.
Billionaire trader Israel Englander sponsored Yass for a seat on the Philadelphia Stock Exchange, where SIG initially operated from an office at the Exchange.
Before entering finance, Yass had a background as a professional gambler.

How long would it take you to become as rich as Jeff Yass?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Jeff Yass's net worth of $28.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Jeff Yass is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jeff Yass, Trading and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey