Jeff Yass Donates $100 Million to University of Austin
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Topline Billionaire Jeff Yass donated $100 million to the University of Austin, the unaccredited “anti-woke” college founded in 2021 by CBS News chief Bari Weiss, marking what the school is calling its largest single donation to date. Students study at the University of Austin in September. The Austin American-Statesman via Getty Images Key Facts The University of Austin said Yass’ donation was the start of a campaign to raise $300 million, which will be used to fund the college instead of students’ tuition or government subsidies. Yass told the Wall Street Journal, which first reported the donation Wednesday morning, that he wanted to support separating education from government and reduce the stress for parents saving up for tuition for their children, noting he was “very impressed” by the university’s accomplishments. The university was co-founded by Weiss, who sold her publication The Free Press to Paramount for a reported $150 million in October and has since been named editor-in-chief of CBS News. Forbes Valuation We estimate Yass’ net worth at $65.7 billion, a fortune primarily built through his trading firm Susquehanna International Group. Yass became a Trump donor during the president’s 2024 campaign, and is part of the group of investors primed to take control of TikTok in the United States should President Donald Trump’s deal with China go through. Key Background The University of Austin was founded in 2021 by a group that included Weiss, a former New York Times opinion editor who resigned to found digital publication The Free Press, as well as billionaire Trump donor Joe Lonsdale. The university was founded with an explicit anti-censorship and anti-mainstream academia mission, fighting what it refers to as the “rising tide of illiberalism and censoriousness prevalent in America’s universities.” The University of Austin says it does not plan to charge tuition,…
Filed under: News - @ November 5, 2025 9:30 pm