Scott Bessent
✓ Source-basedfallingUnited States Secretary of the Treasury
He made a billion dollars breaking the Bank of England on Black Wednesday, then did it again betting against the yen. Now the hedge fund trader who learned global macro at Soros Fund Management runs the U.S. Treasury - the first openly gay person to hold the job.
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Photos 6
Bessent with Senator Tim Scott in 2024
Bessent with president Donald Trump and commerce secretary Howard Lutnick in April 2025
Bessent and Ukrainian first deputy prime minister Yulia Svyrydenko signing the mineral resources agreement on April 30, 2025
Bessent with Japanese prime minister Shigeru Ishiba on July 18, 2025
Bessent with China's vice premier He Lifeng, during US-China trade talks in Geneva, Switzerland, May 2025In their own words 1
Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant.
Denmark is ‘irrelevant’, says Scott Bessent, Politico (January 21, 2026)
Investors from United States 6
About this person
Scott Bessent graduated from Yale in 1984 with a political science degree and worked his way into Soros Fund Management by 1991, eventually running its London office. In September 1992 he was part of the team that earned SFM $1 billion shorting the pound during the sterling crisis, and in 2013 he pulled off another $1.2 billion win against the Japanese yen. He left Soros in 2015 to start his own firm, Key Square Group, then pivoted to politics as an economic advisor and major donor for Donald Trump's 2024 campaign. Trump nominated him for Treasury Secretary in November 2024, the Senate confirmed him 68 - 29 in January 2025, and he was sworn in as the 79th secretary the next day. He's the highest-ranking LGBTQ official in U.S. history and the first openly gay Cabinet member confirmed under a Republican president.
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