Thomas Hagen- Net worth: $4.5 billion (#616 wealthiest in the world) Two other Philly-area big shots made the top 100. It was through that organization that he met famed economist Milton Friedman in the 1990s. Coinbase expects monthly transacting users to be anywhere from 4 to 7 million in 2021, with transaction revenue closely following active user trends & crypto interest as a whole. Jeff Yass- Net worth: $30.0 billion (#43 wealthiest in the world) Thomas Tull- Net worth: $2.8 billion (#1,073 wealthiest in the world) Today, that stake is worth $15B a casual 3000x return. Coinbase made $1.8 billion in the years first quarter alone, 50% more than it made in all of 2020. Background, Court records found on Arthur's Family, . Dantchik is on the board of the libertarian Cato Institute. your CMS. Where are the original Susquehanna Six founders now? View Arthur Dantchik's record in Gladwyne, PA including current phone number, address, relatives, background check report, and property record with Whitepages. Arthur Dantchik and Jeffrey Yass met at as students at the State University of New York (Binghamton) in the late 1970s, where they bonded over a love of poker. could be created with the same payoffs as an options contract. In terms of annual guidance, Coinbase gave a wide range of potential outcomes with the caveat that like everyone else, it cant predict future volatility & trading volumes. An Indonesian native with degrees from Columbia and New York Law School, Koguan is also founder and chairman of $12.3 billion (sales) IT provider SHI International, which his ex-wife (and fellow Forbes 400 member) Thai Lee runs as CEO. See what the average commute is in Somerset County, PA, Cities where houses sell fastest near Harrisburg, Highest-rated brunch restaurants in Altoona, according to Tripadvisor, Highest-rated Asian restaurants in Erie, according to Tripadvisor, Where people in Snyder County, PA are moving to most, Potter County, PA monthly unemployment update, Highest-rated steakhouses in Philadelphia, according to Tripadvisor, Highest and lowest paying education jobs in East Stroudsburg, Highest-paying management jobs in Lebanon, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. Get the 5-minute roundup you'll actually read in your inbox All Rights Reserved. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. $100,000. [7], Also in 2006, the firm invested in Kuxun, a search engine company, which was sold to Expedia in 2009. In a way, Susquehanna isnt straying very far from its core strength when it comes to venture capital - like options, startups provide a convex risk/reward opportunity with limited downside but truly massive upside. CEO of holding company Eldridge, Boehly won the bidding war for English soccer club Chelsea in May, when he teamed up with Clearlake Capital to snag the storied franchise from sanctioned Russian billionaire Roman Abramovich for $3.1 billion. For example, it is true that Nazis escaped to the United States and lived here, some finding success in the US Space Program (Werner von Braun/Arthur Rudolf), or in the Church (Valentin Trifa), or as factory workers (John Demjanjuk). How did they get so rich with so little media coverage? Last year, he gave $9 million to a Pennsylvania PAC that supports charter schools. . The ultimate nightmare for cybersecurity experts is someone using a quantum computer to factorize the large numbers that underlie our existing encryption systems, from banks and financial markets to secure databases. By the 2000s. In 1987, he cofounded Susquehanna with a. This site requires JavaScript to run correctly. [23], Yass is married to Janine Coslett. The lawsuit reached a settlement in 2012, when the defendants, including SIG, agreed to a $18.5 million settlement. Looking to keep costs low, he began tinkering with automation in his warehouses. Check Full Reputation Profile
By the end of 2020, TikTok had become the #1 most downloaded app in the US with over 800 million monthly active users - more than Twitter, LinkedIn, Pinterest, Snapchat or Reddit. - Residence: Coatesville A $5 million investment in ByteDances founding year bought 15% of the company and a board seat. The Federal Trade Commission has proposed a new rule that would ban employers from imposing noncompete agreements. For those of you reading this newsletter who are not on Twitter, youre truly missing out on some incredibly detailed finance & market structure content shared willingly for free by others. Talk about an attractive risk reward opportunity for a $5 million lottery ticket. - Residence: Lower Merion E-Mini S&P Futures Market Depth (the green line) showing largely the same dynamic as #1, but this time for CMEs flagship equity index futures product. , a low-key, under the radar trading firm based in Pennsylvania. In a way, Susquehanna isnt straying very far from its core strength when it comes to venture capital - like options, startups provide a convex risk/reward opportunity with limited downside but truly massive upside. Fischer Black & Myron Scholes, two researchers at the University of Chicago, discovered a mathematical formula to express the risk/reward/price relationship that could be used to price options. - Residence: Easton On the other, we have a platform controlled by China, and maintained by Chinese engineers, that collects data for use by Chinese military and intelligence services. Noteworthy portfolio companies today include Credit Karma, eToro and Pyoneer, each worth billions in market value and some undergoing public listings in 2021. He also represents Susquehanna on the board of TikTok parent ByteDance, which Susquehanna first backed in 2012 in the companys $5 million Series A funding round. As of the publishing of this newsletter, I am long ICE, CME, TW, NDAQ and VIRT. As of 2021 that stake is worth north of $30 billion. The three backed Williams, encouraging voters to 1 Oct 2020 is Arthur Dantchik, who co-founded the firm with a group of college friends in 1987. They include Hayes Barnard, 50, the founder of Roseville, California-based fintech GoodLeap, which provides financing for solar panel upgrades to residential homes as well as energy-efficient windows, battery storage and smart home devices. Billionaires are ranked by net worth as of Feb. 23. [11], Yass became a member of the board of directors of the libertarian Cato Institute in 2002[12][13] and now is a member of the executive advisory council. The NHL's Highest-Paid Players 2022. His partner and company co-founder, Arthur Dantchik has a net worth of $7.5 billion which earns him the spot No. Elon Musk, who cofounded six companies, including electric carmaker Tesla and rocket producer Space X, topped the real-time list of super rich Americans for the first time with a real-time net worth Thursday of $263.2 billion. On this Wikipedia the language links are at the top of the page across from the article title. Thats up from $251 billion from Sept. 2. [7] He earned a BA in mathematics and economics from Binghamton University. Elizabeth and Richard Dick Uihlein have funneled more than $190 million into conservative politics since the 1990s, including more than $40 million to 2022 midterm races. With a lower minimum net worth to make the cut$2.7 billion, $200 million less than last year20 newcomers have joined The Forbes 400 list for the first time. The burgeoning venture market and rally in public growth stocks helped the firm flourish through 2021, but it has given back some of those gains this year. Secretive trader Jeff Yass got rich navigating Wall Streets ups and downs with his firm, Susquehanna International Group. Players on a big scale. No. Michael Rubin, the CEO of Fanatics, a sports merchandising giant sits at No. Dantchik roomed with Jeff Yass, his. While at the State University of New York in Binghamton in the 1970s, Yass and five fellow students became friends and later co-founded Susquehanna International Group (SIG), the largest trader of liquid stocks in the US. 6: Larry Page, Google co-founder and board member, $86.6 billion. 174 times
Two years later, Faith ventured out on his own to start Greystar at age 30. - Residence: Philadelphia Amid a flurry of headlines, the WSJ took time to highlight an unlikely winner of TikToks recent exponential growth streak - Susquehanna, a low-key, under the radar trading firm based in Pennsylvania. D1s main fund was reportedly down 28% through August. She also spent $47,860 on a mailer and $2,857 on media billboards/outdoor advertising. 3: Bill Gates, Microsoft founder and Bill and Melinda Gates Foundation co-founder, $103 billion. For example, Stretching Spreads (@FadingRallies) published an interesting set of charts showing how fragile underlying market liquidity has become since Volmageddon in 2018 and the COVID crash of 2020. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Nothing on this site or in the Front Month newsletter should be considered investment advice. Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, The Brandon Nimmo And Jeff McNeil Deals Signify The New Era New York Mets, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. During a year where most professional traders were either licking their wounds or going bust, Susquehanna ended the year up $30 million, rivaling firms more than 100x their size. [3], SIG was founded in 1987 by Jeff Yass, Gerald Yass, Arthur Dantchik, Steve Bloom, Eric Brooks, Andrew Frost and Joel Greenberg. people learn more about others, just like Yelp does for
showing how fragile underlying market liquidity has become since Volmageddon in 2018 and the COVID crash of 2020. By using our site, you agree to our use of cookies. [26], In December 2001, following the aftermath of the September 11 attacks, he announced a donation to the charitable fund established by the Port Authority of New York and New Jersey to assist the victims. But Yass and Dantchik do more than donate money to political candidates: They are also active in funding a network of conservative and libertarian research centers. By the 2000s, 20% of the entire US options market ran through Susquehannas operation, a close second only to Citadel Securities. No one on the Forbes 400 lost more money in the past year than Zuckerberg, the financial news outlet said. records, Lawsuits, Liens, Bankruptcies & sex offender status for Arthur Dantchik. In 1996, SIG started Heights Capital Management in San Francisco. After an investigation into his holdings, Forbes added him to the Worlds Billionaires list last week with an estimated net worth of $12 billion, a fortune thats allowed him to shovel gobs of money into politics. See
Dantchik also supports the Cato Institute, Competitive Enterprise . But not all U.S. billionaires are feeling the pain. In July, it agreed to acquire the Hollywood Foreign Press Association, which hosts the Golden Globes; Boehly is its interim CEO. Hints and clues to help you with today's Wordle. Joel Greenberg is an active political donor, supporting multiple Mayor & Governor campaigns in the past and the founder of a super PAC. [21], In 2001, Yass appeared as one of 76 Revolutionary Minds in Philadelphia magazine. No. All Rights Reserved. In total, SIG's China arm invested a collective $2B in 260 companies, including ByteDance. In the Internet industry, Arthur Dantchik has 6,931 colleagues in 487 companies located in 42 countries. No company better explains this theory at work than, , formed in 2012 with Susquehanna as an early backer. He sits on the board of the Cato Institute, a libertarian think tank. To publish, simply grab the HTML code or text to the left and paste into They are CEO and president, respectively. If you like this newsletter and want to follow the exchange industry with me, please hit the Subscribe button below & be sure to share with friends & colleagues: published a fascinating piece about the popular social media platform TikTok that caught my attention. MyLife aggregates publicly available information from government, social, and other sources, plus personal reviews written by others. 9: Michael Bloomberg, Bloomberg LP CEO, $76.8 billion. It was around this time that Yass gave serious thought to the idea that the groups success could expand beyond the poker table. In 2007, he invested in a robotics automation firm that eventually developed a massive AI-powered warehouse robotics system. The below chart tracks three main metrics: Equity Market Liquidity (the white line) showing the aggregate level of order book depth over time. As of 2022, the firm had grown to 14 offices worldwide. If S&P 500 futures liquidity is low it means large trades can spill over into the underlying stock market with greater speed & impact. His betting prowess & entrepreneurial spirit has taken him from poker games in his college dorm room to the flashy Vegas casino tables, to the crowded Philadelphia options pits and ultimately the top of Wall Streets food chain. Questions flooded in as I read and re-read the article. restrictions, which you can review below. Mary Alice Dorrance Malone- Net worth: $4.1 billion (#679 wealthiest in the world) He liberated airlines and trucking and enabled the 1980s-1990s boom. Yass provided some 65% of the $13.1 million that Protect Freedom raised during last years election cycle. Everyone knows who Citadel Securities is - and I mean, Its hard to miss a headline about CEO Ken Griffin buying not one, but several of, . It really is quite impressive how a firm so successful & integral to the financial system stays so far out of the spotlight. Former president Donald Trump returned to the list after falling out of the ranking in 2021. share our stories with your audience. The Elon Musk fanboy claims to be the biggest Tesla investor and option trader in the world. - Source of wealth: money management, self made, #14. The finance firm was co-founded by billionaire Jeffery Yass and Arthur Dantchik, who together have funneled money to a conservative group that promotes religious Zionism and Jewish settlements in the West Bank, according to investigative reports from the liberal Israeli newspaper Haaretz . In its simplest form, both pursuits are about probability & risk management. Whereas previous periods of uncertainty saw business leaders retreat into their shells to concentrate on cutting costs, focus on the core business and avoid creating fresh problems, the current group of CEOs is ready to invest and innovate to drive growth. Campbell's headquarters in Camden, New Jersey. The youngest newcomer this year is Gary Wang, the 29-year-old cofounder and chief technology officer of cryptocurrency exchange FTX. The Sackler brothers Arthur, Mortimer, and Raymond founded Purdue Pharma in the 1950s. to see complete work history. Arthur Dantchik - Net worth: $7.5 billion (#287 wealthiest in the world) - Residence: Gladwyne, Pennsylvania - Source of wealth: trading, investments, Self Made #3. He is the co-founder and managing director of the Philadelphia-based Susquehanna International Group (SIG) and an early investor in TikTok. Arthur Dantchik still works at Susquehanna as a Managing Director, serving on the board of ByteDance on Susquehanna's behalf. Coinbase made $1.8 billion in the years first quarter alone, 50% more than it made. Its hard to miss a headline about CEO Ken Griffin buying not one, but several of the most expensive houses in the world. - Residence: Sewickley SIG comprises a number of affiliated entities specializing in trading and proprietary investments in equities, fixed income, energy, commodity, index and derivative products, private equity and venture capital, research, customer trading and . 3 last year. In 2017, SIG launched Susquehanna Private Capital, LLC, which focuses on buyouts of middle market companies in the US, in industries such as aerospace, industrials, consumer, healthcare, and business and government services. 69 with a net worth of $9.3 billion. You can find this episode here. Dantchik is a cofounder of Susquehanna International Group, one of Wall Street's largest and most successful trading firms. Now that Ive introduced price as a new variable, your choice should change to #1 ($100,000 expected value for only $50,000 is way better than a $125,000 expected value for $130,000). Susquehanna quickly found a chance to prove their trading prowess. [1], According to israeli newspaper Haaretz, he is a major supporter of the Israeli Far-Right. Six classmates - Jeffrey Yass, Steve Bloom, Eric Brooks, Arthur Dantchik, Andrew Frost and Joel Greenberg - became friends through their shared skill & interest in poker and horse racing. The six co-founders met in the late 1970s at the State University of New York at Binghamton, where they gathered to play cards. Check Full Reputation Profile
Susquehanna specializes in trading ETFs that are difficult to price, like illiquid fixed income or international products, particularly in Europe. [24][25] They have lived in Haverford in Lower Merion Township, Pennsylvania for some years. His partner, Arthur Dantchik, who cofounded Bala Cynwyd-based trading firm Susquehanna International, was the lone newcomer to the list in Greater Philadelphia. Stacker distribution partners receive a license to all Stacker stories, Yass saw a direct overlap between options and poker, and for good reason. Owner: dantchik arthur Tax Year: 2018 Tax Amount: $37885 Total Market Value: $1,029,870 Sale Price: $869,700 +Edit Past Address 2546 Nw 63rd St, BOCA RATON, FL 33496-2029 View Address Year Built: 1992 Baths: 3.00 Pool/Spa: POOL Property Lot Size: 12149 SF Building Area: 3509 Owner: dantchik sandra & dantchik leslie Wealthiest people in the United States by state, Port Authority of New York and New Jersey, "Bala CEO's $25 Million Contribution to Republican Candidates and Groups Makes Him One of America's Top Political Donors", "The U.S. billionaires secretly funding the right-wing effort to reshape Israel", "Beating the Odds Susquehanna International Jeff Yass", "Susquehanna International Group LLP Stands To Make Billions Off TikTok", "LIU Brooklyn Alum Gerald Yass Endows Scholarship for Accounting Majors", "MIT Sloan Sports Analytics Conference Speaker | Jeffrey Yass", "How Trader Jeff Yass Parlayed Poker And Horse Race Handicapping Into A $12 Billion Fortune", "Center for Monetary and Financial Alternatives", "Million-Dollar Donors in the 2016 Presidential Race", "Billionaires backed Republicans who sought to reverse US election results", "DeVos isn't opposed to public education, she opposes failing schools", "Jewish American tycoons are financing far-right policies in the US and Israel", "Meet the Billionaire and Rising GOP Mega-Donor Who's Gaming the Tax System", "Centrist Democratic PAC's Sole Funder Is a Republican Megadonor", "Margaret Coslett Obituary (2015) - Times Leader", "Port authority establishes world trade center memorial fund to aid victims and their families", "Protecting Children in a Time of Crisis - Annual Report 2008", "Revitalizing Newborn and Child Survival - Annual Report 2009", https://en.wikipedia.org/w/index.php?title=Jeff_Yass&oldid=1142116676, People from Haverford Township, Pennsylvania, Articles with dead external links from October 2010, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 16:13. Along with a special interest nonprofit of the same name, Club for Growth supports issues such as instituting term limits in Congress, implementing a flat tax and shutting down the Department of Education. Menu Log In Sign Up [5][6] Gerald has a sister, Carole. [8][9] He pursued graduate studies in economics at New York University,[9] but did not graduate. At the heart of the Black-Scholes equation was the idea that a basket of securities called the replicating portfolio could be created with the same payoffs as an options contract. Fast forward some 100 years to 2021: As the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year's number by 30%. But it wasn't Rubin who led the pack, but rather Jeff Yass, owner of the investment firm Susquehanna Group. Dantchik oversaw Susquehanna's venture investment team in China, when it became one of the first firms to back ByteDance founder Zhang Yiming in 2012. As of 2022, the firm had invested in over 350 companies with over 70 exits. focused on startups across the US, Israel and China. [22], As of 2023, he was the richest man in Pennsylvania, according to The Intercept. The 2022 Forbes 400: The 20 Richest People In America, 10 Under 40: The Youngest Billionaires On The 2022 Forbes 400, Mark Zuckerberg Is No Longer One Of The 10 Richest Americans, The 2022 Forbes 400 Self-Made Score: From Silver Spooners To Bootstrappers, The 2022 Forbes 400 List Of Richest Americans: Facts And Figures, Trump Rejoins The Forbes 400 A Year After Falling Off The List, 2022 Forbes 400 Methodology: How We Crunch The Numbers, less than half of the 44 who joined in 2021. the 18 new entrants who earned a spot in Covid-plagued 2020. eventually developed a massive AI-powered warehouse robotics system. CBOE VIX futures open interest is recovering after the index dropped below 20 and has stayed near this level for most of March. Stacker believes in making the worlds data more accessible through They made news in 2010 by funneling more than $5 million to Williams' unsuccessful campaign for governor, but their political giving goes well beyond his ambitions. His betting prowess & entrepreneurial spirit has taken him from poker games in his college dorm room to the flashy Vegas casino tables, to the crowded Philadelphia options pits and ultimately the top of Wall Streets food chain. - Source of wealth: insurance, #4. No company better explains this theory at work than ByteDance, formed in 2012 with Susquehanna as an early backer. Low order book depth means the market is less able to absorb large trades without moving prices significantly either up or down. Cifu did a good job breaking down the business in simple terms & sharing a bit about how the company was started & his future plans. Cohen and his immediate familys more than 70% stake makes up most of their wealth. view. The most well-known newcomers will be familiar to sports fans. Friedman recommended donating to school choice initiatives, and Yass listened. Koguan says he had even more shares in early 2020 but nearly lost them all amid early-pandemic market chaos. Arthur Dantchik is 65 years old and was born on 11/25/1957. For example, Stretching Spreads (@FadingRallies) published an. He unseated Amazon founder Jeff Bezos, who had topped the list for four years. [9], In 2013, SIG acquired market maker G1 Execution Services, LLC from E-Trade.[10]. With an estimated net worth of $10 billion, Autry Stephens joins the list thanks to his Midland, Texas-based Endeavor Energy Resources, the largest privately-owned oil producer in the U.S. (excluding Alaska). View Arthur Dantchik's business profile . His private portfolio is mostly later-stage companies nearing an IPO or acquisition, and it has led large funding rounds in Instacart, Robinhood, Rivian Automotive and Warby Parker. After his stint in Vegas, Yass went to NYU for business school where he began experimenting with options trading in addition to poker & horse racing. The below chart tracks three main metrics: Thank you for reading this issue of Front Month. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. This is a BETA experience. Their wealth comes from $6.1 billion (est. In 2012, Susquehanna bought a 15% stake in TikToks owner ByteDance, and held on to its investment as the app launched & spread in America. [6] At this point, SIG had grown to over 12 offices throughout North America, Europe, and Asia. 8: Steve Ballmer, Los Angeles Clippers owner, $78.8 billion. [18][19], In November 2021, he donated $5 million to the School Freedom Fund, a PAC that runs ads for Republican candidates running in the 2022 election cycle nationwide. According to a report from the Philadelphia Business Journal in 2014, Malone was once considered the wealthiest person in Pennsylvania. For example, suppose I let you choose between two sets of potential payoffs: With this level of information you would correctly claim the choice with the better expected value is #2 ($500,000 * 25% = $125,000 is greater than $1,000,000 * 10% = $100,000). Along with seven other billionaires, Coatesville resident Mary Alice Dorrance Malone is one of the wealthiest in the Philadelphia area who made the Forbes 400 ranking of the richest Americans, writes Ryan Mulligan for the Philadelphia Business Journal. Susquehanna International Group, LLP (SIG) is a privately held trading and technology firm. Questions & feedback can be sent via email or, Mark Zuckerberg currently owns of Facebook. Arthur's reported annual income is about $250K+; with a net worth that tops Greater than $499,999. Their expertise in index options, a new & at the time controversial product thought to be a cause of the crash, helped them thrive. 7: Sergey Brin, Google co-founder and board member, $83.1 billion. [4], By October 1988, the firm had 100 employees and brought in a revenue of $30 million in its first year.[4]. If you have questions or feedback, please reply to this email or find me onTwitter. SIG's operations extend across North America, Europe, and Asia, trading essentially all listed financial products and asset classes, including in Bitcoin since 2016. In 1987, he cofounded Susquehanna with a handful of partners; it's now a giant in options trading and making markets, with 2,000 employees worldwide. - Source of wealth: Urban Outfitters, self made, #16. republish under a Creative Commons License, and we encourage you to Yass is considered the richest man in the State of Pennsylvania. , rivaling firms more than 100x their size. - Source of wealth: tobacco, #7. In doing so, youre agreeing to the below guidelines. Facebook founder and Meta Platforms co-founder Mark Zuckerberg was knocked out of the top 10, coming in at No. Legendary trader and former BitMex chief executive Arthur Hayes has changed his tune on bitcoin's short-term fortunes FC Barcelona are reportedly interested in signing Brazilian right back Arthur from America-MG. 2023 Forbes Media LLC. Black-Scholes was an utter game changer that gave legitimacy to the options market and allowed sophisticated firms to build trading strategies that nearly guaranteed consistent profits. Bezos real-time net worth is $141.4 billion, down from $151 billion when the list was compiled. Liverpool need midfield depth, but is the Brazil international the right man to provide it? Sign up for free Patch newsletters and alerts. This may contain information such as company name, job title, address, and time period of service. Check all background information that MyLife has gathered. to see possible education history including where and when they attending high school and college, and a complete list of his high school class list. - Source of wealth: trading, investments, self made. In 2014, SIG expanded its venture capital operations to Japan.
Friends, Neighbors, or Classmates. - Residence: Gladwyne as well as image rights, data visualizations, forward planning tools, Dantchik roomed with Jeff Yass, his billionaire cofounder and best friend from Queens' Bayside High School, at SUNY Binghamton in the late 1970s. As a group, they are $1 trillion richer than they were in 2019 before the start of the COVID-19 pandemic. Last but certainly not least, Jeff Yass continues to lead Susquehanna to this day with the largest ownership stake in the company & a rumored fortune north of. The third-generation owner of C&S Wholesale Grocers, Cohen joined in 1974, when it did $50 million in revenue; today it generates $25 billion. (Unlike most of the newcomers to the 2022 list, Butt Crook joins thanks to more information about how her family splits its wealth.). A ranking by the campaign-finance watchdog, the Center for Responsive Politics, placed Yass and his wife, Janine, as the ninth-largest givers in the United States in the last federal election cycle. Susquehanna has invested in hundreds of private companies globally, including TikTok parent ByteDance, its most valuable holding based on Forbes reporting. But FTXs demise might have the opposite effect. The business skyrocketed when it began selling OxyContin in 1995. . A former trader there puts it plainly: , With two major money making operations now stood up in options & ETFs, Susquehanna followed other upper echelon trading firms and began diversifying its investments. Arthur Dantchik (104th), trading, $7.5 billion Jeffrey Lurie (241st), Philadelphia eagles owner), $4.4 billion Thomas Hagen (271st), insurance, $4 billion Mary Alice Dorrance Malone (285th),. In 2005, SIG launched SIG China, its venture capital operation in China. 10 of 12. Susquehanna has invested in hundreds of private companies globally, including TikTok parent ByteDance, its most valuable holding based on Forbes reporting. By 1987, the group had officially started a trading firm named after the Susquehanna River in Pennsylvania, and the outfit officially began their decades long takeover of the options market.