Image of Scott Bessent

Scott Bessent

Person

Scott Bessent is presented as the Treasury Secretary in a potential Trump administration, outlining key economic policies such as the 333 plan, the impact of AI on capex spending, and the strategic use of tariffs to promote onshoring.


entitydetail.created_at

7/20/2025, 11:37:08 PM

entitydetail.last_updated

7/26/2025, 7:26:57 AM

entitydetail.research_retrieved

7/21/2025, 1:31:23 AM

Summary

Scott Bessent, born August 21, 1962, is an American government official and former hedge fund manager who has served as the 79th United States Secretary of the Treasury since 2025. He previously worked as a partner at Soros Fund Management (SFM), where he was instrumental in profitable trades, including a $1 billion profit during the 1992 "Black Wednesday" British Pound sterling crisis and a $1.2 billion profit in 2013 by betting against the Japanese yen. After leaving SFM in 2015, Bessent founded Key Square Group, a global macro investment firm. He also served as an economic advisor, fundraiser, and major donor for Donald Trump's 2024 presidential campaign. Bessent's nomination for Treasury Secretary was announced by President-elect Trump on November 22, 2024, and he was confirmed by the Senate on January 27, 2025. Bessent is the second openly gay man to serve in a U.S. Cabinet and the highest-ranking openly LGBT person ever to serve in the federal government, as the Treasury Secretary is fifth in the U.S. presidential line of succession. His tenure has been associated with discussions about market dynamics, geopolitics, and trade strategies, particularly concerning China, and has been linked to the concept of a "'Bessent put'" indicating a belief in his ability to ensure market stability.

Research Data
Extracted Attributes
  • Father

    Homer Gaston Bessent Jr. (Real Estate Developer)

  • Gender

    Male

  • Mother

    Barbara McLeod Bessent

  • Spouse

    John Freeman

  • Children

    Cole Bessent, Caroline Bessent

  • Education

    Bachelor of Arts (B.A.) in Political Science, Yale University (1984)

  • Expertise

    Currency and fixed income specialist

  • Full Name

    Scott Kenneth Homer Bessent

  • Notability

    Second openly gay man to serve in a U.S. Cabinet; highest-ranking openly LGBT person ever to serve in the federal government (fifth in U.S. presidential line of succession).

  • Citizenship

    United States

  • Date of Birth

    1962-08-21

  • Place of Birth

    Conway, South Carolina, USA

  • Current Position

    79th United States Secretary of the Treasury

  • Disclosed Assets

    At least $521 million

  • Sexual Orientation

    Openly gay

  • Key Financial Achievement (1992)

    $1 billion profit during 'Black Wednesday' British Pound sterling crisis for SFM

  • Key Financial Achievement (2013)

    $1.2 billion profit betting against the Japanese yen for SFM

Timeline
  • Born in Conway, South Carolina. (Source: Wikipedia, Ballotpedia, CNN Politics)

    1962-08-21

  • Graduated from Yale University with a Bachelor of Arts (B.A.) in Political Science. (Source: Wikipedia, Ballotpedia, CNN Politics)

    1984

  • Began working at Soros Fund Management (SFM). (Source: Wikipedia, Ballotpedia, CNN Politics)

    1991

  • Served as Managing Partner of Soros Fund Management's London office. (Source: CNN Politics, U.S. Department of the Treasury)

    1991-2000

  • Was a leading member of the group at SFM that profited by $1 billion during the 'Black Wednesday' British Pound sterling crisis. (Source: Wikipedia, Summary)

    1992-09

  • Resigned from Soros Fund Management. (Source: Ballotpedia)

    2000

  • Established and ran his own hedge fund, Bessent Capital. (Source: CNN Politics, Ballotpedia)

    2000-2005

  • Served as an adjunct professor of economic history at Yale University. (Source: CNN Politics, Ballotpedia, U.S. Department of the Treasury)

    2006-2010

  • Worked as a Senior Investment Advisor at Protégé Partners. (Source: CNN Politics, Ballotpedia)

    2007-2010

  • Married John Freeman. (Source: CNN Politics)

    2011

  • Served as Chief Investment Officer for Soros Fund Management. (Source: CNN Politics, U.S. Department of the Treasury)

    2011-2015

  • Made a $1.2 billion profit for SFM by betting against the Japanese yen. (Source: Wikipedia, Summary)

    2013

  • Left Soros Fund Management. (Source: Wikipedia, Summary)

    2015

  • Founded Key Square Group, a global macro investment firm, serving as CEO and CIO. (Source: Wikipedia, DBPedia, CNN Politics, U.S. Department of the Treasury, Summary)

    2015

  • Served as an economic advisor, fundraiser, and major donor for Donald Trump's 2024 presidential campaign. (Source: Wikipedia, Summary)

    2024

  • Nominated for Treasury Secretary by President-elect Donald Trump. (Source: Wikipedia, Ballotpedia, Summary)

    2024-11-22

  • Confirmed by the United States Senate by a 68–29 vote. (Source: Wikipedia, Summary)

    2025-01-27

  • Sworn in as the 79th United States Secretary of the Treasury. (Source: Wikipedia, U.S. Department of the Treasury)

    2025-01-28

Scott Bessent

Scott Kenneth Homer Bessent ( BESS-ənt; born August 21, 1962) is an American government official and former hedge fund manager serving since 2025 as the 79th United States secretary of the treasury. He was formerly a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. Bessent graduated from Yale College in 1984. In 1991, he was hired by Soros Fund Management, eventually becoming the head of its London office. In this role, in September 1992, he was a leading member of the group that profited by $1 billion on Black Wednesday, the British Pound sterling crisis. He made another $1.2 billion profit for SFM in 2013 betting against the Japanese yen. After he left the Soros Fund in 2015, he 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, President-elect Trump announced his nomination of Bessent for Treasury Secretary in the second Trump administration. Bessent was confirmed by the United States Senate on January 27, 2025, by a 68–29 vote, and sworn in as the 79th U.S. Treasury Secretary on January 28. Bessent is the second openly gay man to serve in the Cabinet of the United States (after Pete Buttigieg) and the fifth openly gay man to serve in a cabinet-level office (after Demetrios Marantis, Richard Grenell, Pete Buttigieg, and Vince Micone). As the U.S. secretary of the treasury is fifth in the United States presidential line of succession, he is the highest-ranking openly LGBT person ever to serve in the federal government of the United States.

Web Search Results
  • Scott Bessent - Wikipedia

    Scott Kenneth Homer Bessent (/ˈ b ɛ s ən t/_BESS-ənt_; born August 21, 1962) is an American government official and former hedge fund manager serving since 2025 as the 79th United States secretary of the treasury. He was formerly a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. [...] Bessent is the second openly gay man to serve in the Cabinet of the United States (after Pete Buttigieg) and the fifth openly gay man to serve in a cabinet-level office (after Demetrios Marantis, Richard Grenell, Pete Buttigieg, and Vince Micone).( As the U.S. secretary of the treasury is fifth in the United States presidential line of succession, he is the highest-ranking openly LGBT person ever to serve in the federal government of the United States.( Early life ---------- [edit] [...] From 2006 to 2011, Bessent was an adjunct professor of economic history at Yale, where he taught three courses.( ### Key Square Group [edit]

  • Scott Bessent - Ballotpedia

    Scott Bessent is the secretary of the Treasury in President Donald Trump's (R) second presidential term. Trump announced Bessent's nomination on Nov. 22, 2024. Regarding his selection of Bessent as secretary of the Treasury Trump said "he will help me usher in a new Golden Age for the United States, as we fortify our position as the World's leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as [...] Bessent was born in Conway, South Carolina, in 1962. He received a bachelor's degree in political science from Yale University in 1984. Bessent said he began his undergraduate education intending to pursue a career in journalism. After an unsuccessful run to be editor of the Yale Daily News, Bessent interned for investor Jim Rogers and decided to pursue a career in finance: "It's just like journalism—you gather a lot of information and make a decision, but instead of writing a story with an [...] ## Biography Bessent received a bachelor's degree from Yale University in 1984. After graduating, Bessent worked at Brown Brothers Harriman and Kynikos Associates. In 1991, Bessent began working at Soros Fund Management (SFM), where he was the firm's head of European allocation before he resigned in 2000. Bessent then founded a hedge fund that later closed, then worked as a senior investment advisor at Protégé Partners and as an adjunct economic history professor at Yale.

  • Trump's pick for Treasury secretary discloses assets worth at least ...

    Scott Bessent, who is President-elect Donald Trump's pick to lead the Treasury Department, filed a personal financial disclosure that lists assets worth at least $521 million. The hedge fund chief also said he would resign from Key Square and sell his stake if he's confirmed. Hedge fund chief Scott Bessent, who is President-elect Donald Trump's pick to lead the Treasury Department, disclosed assets worth at least $521 million, though the actual amount is likely much higher.

  • Scott Bessent Fast Facts | CNN Politics

    ### CNN values your feedback # Scott Bessent Fast Facts Scott Bessent, President-elect Donald Trump's choice to be Secretary of the Treasury, appears before the Senate Finance Committee for his confirmation hearing, at the Capitol in Washington, Thursday, Jan. 16, 2025. Here’s a look at the life of hedge fund executive and Treasury Secretary Scott Bessent. ## Personal Birth date: August 21, 1962 Birth place: Conway, South Carolina Birth name: Scott Kenneth Homer Bessent [...] 1991-2000 - Managing partner of Soros Fund Management in London. 2000-2005 - Establishes and runs his own hedge fund, Bessent Capital. 2006-2010 - Adjunct professor at Yale University. 2007-2010 - Works at Protégé Partners, a New York-based investment firm. 2011-2015 - Chief investment officer for Soros Fund Management. 2015 - Founds the hedge fund Key Square Capital Management, where he serves as chief executive officer and chief investment officer. [...] Father: Homer Gaston Bessent Jr., real estate developer Mother: Barbara McLeod Bessent Marriage: John Freeman (2011-present) Children: Cole and Caroline Education: Yale University, B.A., 1984 ## Other Facts Is the first openly gay Treasury secretary and the first openly LGBTQ Senate-confirmed Cabinet member in a Republican administration. After graduating from Yale, Bessent held positions at Brown Brothers Harriman, Olayan Group and Kynikos Associates. ## Timeline

  • Scott Bessent | U.S. Department of the Treasury

    Offices Bureaus Budget, Financial Reporting, Planning and Performance History Careers at Treasury Scott Bessent ------------- Secretary of the Treasury Image 6: Scott Bessent, the 79th Secretary of the Treasury of the United States. On January 28, 2025, Scott Bessent was sworn in as the 79th Secretary of the Treasury of the United States. [...] Previously, Mr. Bessent served as Chief Executive Officer and Chief Investment Officer of Key Square Capital Management, a global hedge fund focused on macro investing that he founded in 2015. Prior to that time, Mr. Bessent was the Chief Investment Officer of Soros Fund Management. Mr. Bessent was an adjunct professor at Yale University, where he taught economic history. From 1991 to 2000, he was managing partner of Soros Fund Management’s London office. [...] Mr. Bessent has been in the global investment management business for 40 years, visiting 60 countries, interacting with international leaders and central bankers. He is regarded as a currency and fixed income specialist. Mr. Bessent is a frequent contributor to economic journals and business publications.

Scott Bessent (born 1962) is a prominent American investor, philanthropist, and educator. He is the founder of Key Square Group, a global macro investment firm which was one of the largest hedge fund launches of all time.