Singer’s predatory vulture investing enriches the oligarchy at the expense of the global working class already suffering from imperialism. Organizers in New York are working to pass laws to make Singer’s predations illegal. Now is the time to act.
CITGO is not Singer’s only investment in dirty fossil fuels. He’s purchased major stakes in fossil fuel companies, including BP. Shortly after Singer’s firm took a major stake in the company, BP announced that it would reduce investments in renewable energy.
Singer has donated millions to Trump and is a longtime supporter of Marco Rubio, one of the key architects of the Venezuela invasion. With the Trump Administration openly colluding with billionaires and companies, it’s highly likely that Singer will make a killing.
Trump and his administration made clear that access to Venezuelan oil was the primary reason for the action, with Trump himself stating that “our very large United States oil companies” would be swooping in to extract oil. One of which will be Singer’s latest acquisition.
The Singer-funded Foundation for Defense of Democracies released a report calling for the US to take “decisive and overwhelming military action” in Venezuela. Just two months later, Donald Trump and the US military illegally abducted Venezuelan president Nicolas Maduro.
But it is his latest victim that is at the center of an international scandal. In November 2025, Singer’s fund bought at auction the US subsidiary of Venezuela’s state-run oil company, CITGO. The Maduro government appealed the court decision to sell CITGO to Singer.
Singer’s hedge fund became the first “vulture fund” when it successfully sued Panama in a US court. Since then, he has preyed on Peru, Vietnam, the Republic of Congo, and Argentina, where his 15-year lawsuit led to a $2.4 billion payout from Argentina - a 1,270% return.
Paul Singer amassed a fortune by pioneering “vulture investing”: purchasing sovereign debt owed by struggling countries, often in Africa and South America, and then suing the country in New York courts for full repayment, plus interest.
How destructive does a hedge fund billionaire have to be for The New Yorker to call them “The Doomsday Investor”? Just ask GOP megadonor, Marco Rubio 2016 supporter, and the man most likely to benefit from Donald Trump’s piratical regime change in Venezuela, Paul Singer.
ATTN RICH PEOPLE: this is now the bar
Companies that raised prices to offset tariff costs will be reimbursed by the government, the working people who paid those prices will be told to try buying cheaper cuts of meat
palantir should be viewed as the enemy of modern society
Zohran Mamdani on CBS saying "There is only one majority in this country: that's the working class"
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There is working class solidarity everywhere for those with the eyes to see
"The land belongs to those who work it."
On the anniversary of his assassination, we remember Emiliano Zapata: Mexican revolutionary leader, guerrilla fighter, and champion of the working class.
How did Jeffrey Yass become the richest man in Pennsylvania? The Department of Class Solidarity dives into the details 🕵️
It's wild that I've paid a higher tax rate than the 26th richest man in the world.
1 in 3.
That’s how many Pennsylvania state legislators have received money from Jeffrey Yass’ PACs since 2017.
This is your state on Oligarchy.
Today, the richest man in Pennsylvania has more money than his home state’s entire annual budget, giving him outsized power to shape legislation to his own ends.
That’s why organizers in PA are stepping up and fighting back. Join them ✊ www.TaxBillionairesPA.com
The money he isn’t paying in taxes is money that could fund healthcare, education, and other lifesaving essential services for the working class.
Instead, he is pouring hundreds of millions into shaping elections and laws to enact his radical agenda.
Like many oligarchs, Yass’ tax dodging is both financial and ideological. He is a dedicated follower of Milton Friedman, the free market fundamentalist economist who drove Chilean dictator August Pinochet’s “economic shock therapy.” www.phillymag.com/news/2024/08...
One former exec said Yass acknowledged using a trading strategy in which a main goal was not to make profitable trades, but to avoid taxes. A former employee put it more bluntly: “They fucking hate taxes.”
According to @ProPublica, Yass has avoided at least $1 billion in taxes including through strategies that “push legal boundaries”. He and his business partners have been the subject of numerous audits, including an ongoing IRS investigation 🕵️ www.propublica.org/article/jeff...
Jeffrey Yass didn’t become the 19th richest man in the United States, the 26th richest in the world, and #1 in all of Pennsylvania by paying his fair share. In fact, if there’s anything Yass hates more than taxpayer services, it’s paying taxes 🧵
Private equity seems to be everywhere, sucking the soul out of everything these days, but it’s actually nothing new. The practice dates back to the 1970s, however until recently it went by a different name—corporate raiding. Private equity isn't normal, it’s just been rebranded
Chevron Chief Executive Mike Wirth sold some $104 million worth of shares between January and March. ConocoPhillips’s Ryan Lance netted about $54.3 million in share sales in March alone. Lorenzo Simonelli, CEO of oil-field services company Baker Hughes, sold about $33 million worth of stock that same month
WSJ: Oil executives sold $1.4 billion in personal stock between January and March, making a fortune on the war
www.wsj.com/business/ene...
If you thought Bari Weiss was bad, meet the billionaire behind some of her worst work.
Read our full audit of Jeffrey Yass 🔎 classsolidarity.org/audits/jeffr...