Investing

Billionaire Trader With TikTok Riches Stakes His Fortune on GOP

Jeff Yass, a top Republican donor, has a $33 billion net worth from market-maker Susquehanna and TikTok parent ByteDance.

ByteDance Ltd.'s TikTok app.Photographer: Brent Lewin/Bloomberg
Lock
This article is for subscribers only.

Republican lawmakers have made little secret of their disdain for TikTok and concerns about the Chinese government’s influence over the popular social-media app.

“A walking security nightmare,” is how US Senator Josh Hawley of Missouri, a potential 2024 presidential candidate, described it.