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Jeff Yass and wife reach $30 million backing for pro-Ramaswamy super PAC ahead of Ohio governor vote

File photo of the US Capitol in Washington, D.C.
FILE PHOTO: The US Capitol in Washington, DC. This is a file photo, not a photo of election night.

Pennsylvania billionaire Jeff Yass and his wife Janine have given $30 million in total to V-PAC: Victors, Not Victims, the super PAC backing Vivek Ramaswamy for governor of Ohio, according to a Washington Post donor tracker reported on 30 October.

That makes them by far the biggest funders of Ramaswamy’s outside allies, days before Ohio votes on 3 November.

Related reading on Emadan: Pope Leo XIV Casts Mail-In Ballot in US Midterms, a First for a Pope.

Vivek Ramaswamy
FILE PHOTO: Vivek Ramaswamy at AmericaFest 2025 in Phoenix. This is not the donation or a campaign event for this story. Photo: Wikimedia Commons (CC BY-SA 4.0, Xuthoria).

A cumulative total, not one new cheque

The $30 million figure is a cumulative tracker total, not a single new donation on 30 October.

Federal Election Commission filings processed so far show Jeff Yass giving V-PAC $20 million in three cheques: $10 million in March 2025 and $5 million each in January and March 2026.

Other reporting of the tracker total describes four payments since March 2025, the latest a $10 million cheque in August, reaching $30 million.

The difference reflects what the tracker counts versus the FEC filings processed to date; all figures are rounded, and FEC disclosures are self-reported by committees and can be amended.

Readers should not read the 30 October reports as a fresh $30 million payment.

Who else funds V-PAC

V-PAC reported raising about $60 million and holding about $12 million in cash on hand as of 30 September.

Other donors named in the reporting include Ross Stevens ($6 million), Ratmir Timashev ($5 million), Elon Musk ($5 million) and Bill Ackman ($1 million).

Ramaswamy’s campaign and allied groups have spent more than $120 million on advertising, according to the Brennan Center for Justice, far more than the spending reported for his Democratic opponent’s side.

The Ohio Statehouse in Columbus
FILE PHOTO: The Ohio Statehouse in downtown Columbus. This is a generic view, not the donation or campaign event. Photo: Wikimedia Commons (attribution, Honavery).

The Ohio race

Ramaswamy, a biotech entrepreneur and former Republican presidential candidate, is the Republican nominee for Ohio governor.

His Democratic opponent is Amy Acton, a former Ohio health director.

Yass, co-founder of trading firm Susquehanna International Group and a longtime school-voucher advocate, has had his Ohio spending linked by a spokesperson to Ramaswamy’s push for universal school choice.

Super PACs may raise and spend unlimited sums provided they do not coordinate with a candidate; nothing in the reported figures alleges illegal giving.

The Yasses in the 2026 money race

The Yasses are the third-largest donors of the 2026 election cycle at about $110 million in total, behind Elon Musk and shipping magnates Elizabeth and Richard Uihlein, according to the tracker, which is based on FEC data as of 23 October.

Beyond V-PAC, they gave about $18 million to the School Freedom Fund, about $17 million to Club for Growth Action, about $16 million to MAGA Inc., the main pro-Trump super PAC, and about $13 million to Protect Freedom PAC, which backs Senator Rand Paul.

What happens next

Ohio votes on 3 November.

The tracker figures will move again when later FEC filings are processed, so the $30 million total should be read as the tracker’s position at the end of October, not a final tally.

Frequently asked questions

Is $30 million a new donation? No, it is the cumulative total the Washington Post tracker attributes to the Yasses for V-PAC.

Can a super PAC spend unlimited money? Yes, provided it does not coordinate with the candidate it supports.

Sources

About the Owner

Muhammad Danish Mumtaz

Muhammad Hassan Mumtaz is the founder and editor of Emadan News — an independent digital news platform delivering verified world news in plain, simple English. A student with a passion for media, storytelling and technology, he built Emadan News from the ground up, leading everything from reporting and editing to design and publishing. He also creates film-explanation videos for a growing audience across YouTube, Facebook, Instagram and TikTok.

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