Jeff Yass is Never Trump no more.
Monday was a very good day for Donald Trump’s pocketbook. Not only did a New York appellate court slash the $454 million bond he owed in his civil fraud lawsuit by more than 60 percent, but shares of Digital World Acquisition Corp., which merged with the former president’s Trump Media & Technology Group last week, jumped 30 percent. Trump’s net worth, in turn, surged to $6.5 billion, vaulting him for the first time to Bloomberg’s list of the 500 richest people in the world.
But in 2024, Yass seems to be whistling a different tune. Even this early in the year, he is already the largest individual political donor in this election cycle, havingfor conservative candidates and causes. Yass is also spending in one Democratic primary: He has donated to Moderate PAC, a super PAC that is elevating Bhavini Patel over incumbent Squad member Summer Lee in Pennsylvania’s 12Yass’ connection to Club for Growth, the high-powered conservative super PAC, is consequential as well.
It’s likely too that Yass has plenty to say about the policy priorities of an incoming Trump administration, in which tax cuts are sure to be at the top of the list. As, Yass is also one of the country’s most decorated tax dodgers, exceptionally evasive even compared with other Wall Street billionaires.
The evolution of Yass, from known Never Trumper to possible Trump ally and appointee, is a parable of Republican politics. A number of financiers once strongly at odds with the former president seem to be inching ever closer to embracing him as Election Day nears. Yass hasn’t seized the spotlight or made himself the face of this trend—yet.
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