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Scott Bessent | |
|---|---|
 Bessent in 2024 | |
| 79th United States Secretary of the Treasury | |
| Assumed office January 28, 2025 | |
| President | Donald Trump |
| Deputy | Michael Faulkender (nominee) |
| Preceded by | Janet Yellen |
| Director of the Consumer Financial Protection Bureau | |
Acting | |
| Assumed office February 1, 2025 | |
| President | Donald Trump |
| Preceded by | Rohit Chopra |
| Personal details | |
| Born | Scott Kenneth Homer Bessent August 21, 1962 Conway, South Carolina, U.S. |
| Political party | Republican |
| Spouse(s) | John Freeman |
| Children | 2 |
| Alma mater | Yale University (BA) |
Scott Kenneth Homer Bessent (/ˈbɛsənt/; born August 1962) is an American investor, philanthropist, hedge fund manager and Republican donor.[1][2] Bessent has been the 79th United States Secretary of the Treasury since 2025 during the second Donald Trump administration. He is the founder of Key Square Group, an investment firm.[3][4][5]
In November 2024, President-elect Donald Trump nominated Bessent to be his Treasury Secretary for his second administration.[6][7] He was confirmed by the United States Senate to the office on January 27, 2025 by a vote of 68–29.[8][9]
Bessent is the second openly gay man to serve in the Cabinet of the United States and the fourth openly gay man to serve in a cabinet-level office.[10] He is also the highest-ranking openly LGBT person in American history.[11][12]
- ↑ Saul, Derek. "What To Know About Scott Bessent: Potential Trump Treasury Pick Founded Key Square Hedge Fund". Forbes. Retrieved 13 November 2024.
- ↑ Zuckerman, Gregory (September 20, 2011). "Soros Puts New Man at Helm". The Wall Street Journal. Retrieved November 12, 2024.
- ↑ Foley, Stephen (2015-08-04). "Scott Bessent quits Soros group to launch hedge fund". Financial Times. Retrieved 2024-11-12.
- ↑ Foley, Stephen; Johnson, Miles; Childs, Mary (2016-01-05). "Former George Soros executive raises $4.5bn for new fund". Financial Times. Retrieved 2024-11-12.
- ↑ “Life and Money Management,” Yale Alumni Magazine, Sept/Oct 2015
- ↑ Holland, Steve; Ulmer, Alexandra; Delevingne, Lawrence (November 9, 2024). "Bessent, seen as a leading candidate for Treasury Secretary, meets with Trump, sources say". Reuters. Retrieved November 12, 2024.
- ↑ Cite error: The named reference
pickwas used but no text was provided for refs named (see the help page). - ↑ "Senate confirms Scott Bessent as Trump's Treasury secretary". USA Today. 2025-01-27. Retrieved 2025-01-27.
- ↑ "Senate confirms Scott Bessent as treasury secretary". CNN. January 27, 2025. Retrieved January 27, 2025.
- ↑ Ring, Trudy (November 23, 2024). "Trump nominates investment manager Scott Bessent, a gay man, as Treasury secretary". The Advocate. Retrieved November 30, 2024.
- ↑ Christopher Kane (November 24, 2024). "Trump nominates gay man for Treasury secretary". Washington Blade. Retrieved December 5, 2024.
- ↑ "Trump's new Treasury secretary is the highest-ranking LGBTQ official in history". Miami Herald. January 28, 2025. Retrieved January 28, 2025.