We report the observation of paramagnetic Faraday rotation of spin-polarized ytterbium (Yb) atoms. As the atomic samples, we used an atomic beam, released atoms from a magneto-optical trap (MOT), and trapped atoms in a far-off-resonant trap (FORT). Since Yb is diamagnetic and includes a spin-1/2 isotope, it is an ideal sample for spin physics, such as quantum non-demolition measurement of spin (spin QND), for example. From the results of the rotation angle, we confirmed that the atoms were almost perfectly polarized.