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An early TikTok investor is $17 billion richer this year, making him the wealthiest man in finance after Warren Buffett

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Susquehanna's Jeff Yass now ranks 23rd on the Bloomberg rich list with a $63 billion fortune, reflecting his early bet on TikTok-owner ByteDance.
Jeffrey Yass, co-founder of Susquehanna International Group, has seen his wealth surge by $17 billion this year, largely due to his early investment in TikTok's parent company, ByteDance. His stake in ByteDance, which he acquired through his firm's venture capital arm, has significantly appreciated, making him the wealthiest man in finance after Warren Buffett. Yass's investment in TikTok, which has become a global phenomenon, has not only increased his net worth but also highlighted his strategic foresight in tech investments. His firm, known for its trading prowess, has also benefited from the broader market trends and the tech sector's growth, further solidifying Yass's financial standing.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/technology/an-early-tiktok-investor-is-17-billion-richer-this-year-making-him-the-wealthiest-man-in-finance-after-warren-buffett/ar-AA1ARAP1 ]