Scott Bessent

Scott Kenneth Homer Bessent ˈbɛsənt BESSənt born August 21 1962 is an American businessman and government official serving since 2025 as the 79th United States secretary of the treasury Bessent was a partner at Soros Fund Management SFM and founded Key Square Group a global macro investment firm He is the first openly gay person to lead the US Treasury Department the first openly gay US Senateconfirmed Cabinet member in a Republican administration and the second openly gay US Senateconfirmed Cabinet secretary Bessent graduated from Yale University in 1984 with a BA in political science After holding a series of financial positions he was hired by Soros Fund Management SFM in 1991 eventually becoming the head of its London office While serving in the role in September 1992 he was a leading member of the SFM group which profited by 1 billion on Black Wednesday the British pound sterling crisis In 2013 he made SFM another 12 billion by betting against the Japanese yen After leaving the Soros Fund in 2015 Bessent established Key Square Group a hedge fund Bessent served as an economic advisor fundraiser and major donor for the Donald Trump 2024 presidential campaign On November 22 2024 Presidentelect Trump announced his nomination of Bessent for US Treasury Secretary in the second Trump administration Bessent was confirmed by the United States Senate on January 27 2025 by a 6829 vote and sworn in as the 79th US Treasury Secretary on January 28 2025 Description above from the Wikipedia article Scott Bessent licensed under CCBYSA full list of contributors on Wikipedia