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Scott Bessent

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Scott Bessent
Official portrait, 2025
79th United States Secretary of the Treasury
Incumbent
Assumed office
January 28, 2025
PresidentDonald Trump
DeputyMichael Faulkender
Preceded byJanet Yellen
Acting Director of the Consumer Financial Protection Bureau
In office
February 3, 2025 – February 7, 2025
PresidentDonald Trump
DeputyZixta Martinez
Preceded byZixta Martinez (acting)[1]
Succeeded byRussell Vought (acting)
Personal details
Born
Scott Kenneth Homer Bessent

(1962-08-21) August 21, 1962 (age 62)
Conway, South Carolina, U.S.
Political partyRepublican
Spouse
John Freeman
​
(m. 2011)​
Children2
EducationYale University (BA)
Scott Bessent's voice
Bessent's opening statement during his Senate confirmation hearing
Recorded January 16, 2025

Scott Kenneth Homer Bessent (/ˈbɛsənt/ BESS-ənt; born August 21, 1962) is an American 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.

A major donor, fundraiser, and economic advisor for the Donald Trump 2024 presidential campaign,[2] Bessent was nominated for treasury secretary by Trump in November 2024 and confirmed by the United States Senate on January 27, 2025, by a vote of 68–29.

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, Buttigieg, and Vince Micone).[3] As the United States 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.[4][5][6]

Early life and education

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Bessent was born on August 21, 1962 in Conway, South Carolina,[7] the oldest of three children of Barbara (née McLeod) and Homer Gaston Bessent Jr., a real estate agent.[8][9][10] His mother married five times and his father went bankrupt due to bad real estate investments.[11] He is of French Huguenot and Scottish descent.[12] He has one living younger sister, Paige; his other younger sister, Wyn, died in 2022 after an illness.[13] John Jenrette, a member of the United States House of Representatives best known for being willing to take a bribe and being caught by Abscam, was Bessent's uncle.[14]

Bessent got his first summer job at age 9.[11] In 1980, he graduated from North Myrtle Beach High School, where he was voted "most likely to succeed".[15] He considered attending the United States Naval Academy but was unwilling to lie about his sexuality.[11] In 1984, he earned a Bachelor of Arts (BA) degree in political science from Yale College.[9][16] Bessent planned to be a journalist. In college, he was an editor of Yale Daily News, president of Wolf's Head Society, and treasurer for the class of 1984. He was chairman of the 1984 Yale Alumni Fund and assistant to the director of athletics.[9][17]

Investing career

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Bessent secured an internship with Jim Rogers after meeting him at a Yale Career Center event.[18] There, he stayed on the office sofa.[14] After graduation, Bessent worked at Brown Brothers Harriman and then for Jim Chanos at Kynikos Associates. He joined Soros Fund Management (SFM) in 1991, eventually becoming head of the London office. In 1992, Bessent was a leading member of the team whose bet on the Black Wednesday collapse of the British Pound sterling earned the firm over $1 billion.[8][19][20][21]

After resigning from SFM in 2000, Bessent founded a $1 billion hedge fund, Bessent Capital.[8][22] The fund closed in 2005. Bessent has said he learned that he should not change his style or the firm's approach because of investor preferences.[23] He was also a senior investment adviser to fund-of-funds Protégé Partners.[24][19] Bessent returned to SFM as chief investment officer from 2011 to 2015.[20] His bet against the Japanese yen in 2013 yielded more than $1.2 billion in profit in three months.[25]

From 2006 to 2011, Bessent was an adjunct professor of economic history at Yale, where he taught three courses.[23][19]

Key Square Group

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Bessent left SFM in 2015 to launch Key Square Group, a hedge fund named after a spot on the chessboard, with Michael Germino, who had been the global head of capital markets at SFM. It received a $2 billion anchor investment from George Soros.[21][26][27][28][29] Key Square uses geopolitics and economics to make macro investments.[11][30] Its main fund returned 13% in 2016 but declined or broke even every year from 2017 to 2021 before making major gains in 2021, 2022 and 2023. The inconsistent track record scared away clients. Assets under management shrank from $5.1 billion in 2017[30][31] to $577 million in 2023 and the number of institutional investors declined from 180 to 20 over the same period. It earned "double digits" percentagewise in 2024.[32]

As part of a prearranged deal, in 2018 the firm returned Soros's investment as it took in other assets.[30] Its investors include Australia's sovereign wealth fund, Future Fund.[31]

Bessent announced that he would sever ties with the group as Treasury Secretary.[33]

Early involvement in politics

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In 2000, Bessent hosted a fundraiser for Al Gore at his home in East Hampton, New York.[34] That year, he also donated $1,000 to John McCain.[11] In 2007, he donated $2,300 to Barack Obama and in 2013, he donated $25,000 to Hillary Clinton's campaign. At that time, he was described as a Democrat who supported liberal causes.[35]

In 2016, after the election of Donald Trump, Bessent donated $1 million to Trump's 2017 presidential inaugural committee.[36] In 2023 and 2024, he donated more than $1 million to Trump's 2024 presidential campaign.[37]

In February 2024, Bessent hosted a fundraiser in Greenville, South Carolina, that raised nearly $7 million for Trump's 2024 campaign.[38] In April 2024, he was a host of a Palm Beach, Florida, fundraiser that raised $50 million for Trump's campaign.[39] In July 2024, Bessent was a key economic adviser to Trump.[40] He proposed a three-point economic plan for Trump modeled on Japanese prime minister Shinzo Abe's "Three Arrows" economic policy.[41]

Secretary of the Treasury (2025–present)

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Bessent with Senator Tim Scott in 2024

Nomination and confirmation

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On November 22, 2024, President-elect Trump announced his intention to nominate Bessent to serve as the United States Secretary of the Treasury in his second administration.[42][43][44]

On January 16, 2025, Bessent appeared before the United States Senate Committee on Finance. At the hearing, he defended plans to impose tariffs, supported tax cut extensions, and called for tougher economic policies on China and Russia.[45]

On January 21, the United States Senate Committee on Finance advanced his nomination to the Senate floor by a 16–11 vote.[46] On January 27, The Senate voted 68–29 to approve his nomination.[47] That day, a man in possession of multiple Molotov cocktails and a knife intending to murder Bessent was arrested at the United States Capitol.[48]

Tenure

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President Trump signs executive order directing Bessent.

On January 28, 2025, Bessent was sworn in as the 79th secretary of the treasury by Supreme Court justice Brett Kavanaugh.[49] On January 31, Bessent gave Elon Musk and his Department of Government Efficiency team access to the Treasury Department's payment system, which sends out $6 trillion annually in payments from federal agencies and contains millions of Americans' personal tax information.[50] On February 3, Bessent was named the acting Director of the Consumer Financial Protection Bureau; he immediately ordered the agency to halt all work.[51][52] On February 3, Bessent and acting United States Secretary of Commerce Jeremy Pelter were tasked with implementing a United States sovereign wealth fund.[53]

Bessent with Vice President JD Vance and EPA administrator Lee Zeldin, April 2, 2025

In April, after Trump announced widespread tariffs, Bessent warned countries against retaliating, promising escalation.[54] He then dismissed the drop in stock values and said he did not expect a recession.[55] On April 9, Trump paused many of the tariffs; Bessent and Commerce Secretary Howard Lutnick were credited with convincing Trump to do so.[56] Bessent has advocated pushing for concessions from U.S. trading partners to restrict their economic relationships with China in order to isolate China and gain leverage over it in potential trade talks.[57][58]

Views

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On China

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In 2022, Bessent praised former Japanese prime minister Shinzo Abe and Donald Trump for containing China. He referred to China as "ever-more-antagonistic".[59]

On tariffs

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Bessent has praised Trump's proposal to implement broad tariffs.[60] In a November 2024 Fox News op-ed, he wrote that the "U.S. opened its markets to the world, but China's resulting economic growth has only cemented the hold of a despotic regime" and argued tariffs "are a means to finally stand up for Americans".[61] Bessent argued that Trump's pledges to impose blanket 20% tariffs on all imports "were maximalist positions that would probably be watered down in talks with trading partners".[25] In March 2025, amid Trump's threats to impose tariffs on Canada and Mexico, Bessent defended the tariffs, saying, "access to cheap goods is not the essence of the American Dream."[62]

Shadow Fed chair proposal

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In a 2024 interview in Barron's, Bessent proposed an alternative to any plan by Trump to replace Federal Reserve chair Jerome Powell, which was "to nominate and seek Senate confirmation of Powell's replacement well over a year before Powell's term ends in May 2026". This has been called the "shadow Fed chair" because the confirmed candidate could forecast Fed decisions (forward guidance) after May 2026 while the incumbent chairperson makes decisions on present Fed policies. In essence, the plan would weaken the Fed chair's ability to present forward guidance for most of 2026.[63] Bessent described this proposal as forward guidance on who the Fed chair will be.[64] He later "walked back" the idea.[65]

Ed Yardeni, president of Yardeni Research, told Barron's the idea would "create a lot of noise in the market" and create a situation where investors would have to decide which Fed chair, the present one or the future one, had the greater influence on the Federal Open Market Committee's decisions.[66]

Personal life

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John Ravenel House in Charleston

Bessent resides in Charleston, South Carolina, and Washington, D.C.[67][68] He belongs to the Huguenot Church,[69] a religious association whose expansion his ancestors supported in 1680.[12]

Bessent is openly gay and married former New York City prosecutor John Freeman in 2011. They have two children, born through surrogacy.[70]

Bessent has bought and sold at least 20 homes, valued in total at over $127 million, many of which he renovated. On at least eight of them, he lost money.[71][72] In 2007, Bessent bought a house in Bedford Hills, New York for $11.3 million. He sold it in 2011 for $7.1 million, losing at least $4.2 million.[71] In 2007, Bessent purchased a unit at One Sutton Place South that formerly belonged to a sister of John F. Kennedy, for $12 million; he sold it, at a loss, for $9.5 million in 2009.[71] In 2010, Bessent bought a 9,719-square-foot house in Miami Beach for $9.5 million; he sold it for $14.5 million in 2014 after a renovation.[72] In 2010, he bought a 10,665-square-foot home in Southampton, New York, for $9.95 million; he sold it for $19 million in 2019 after a renovation.[72] He took a loss on his unit at 720 Park Avenue, buying it for $19.25 million in 2017 and selling it for $15 million in 2021.[72] In 2016, Bessent bought the 9,407-square-foot John Ravenel House for $6.5 million.[73] His renovation received an award from the Preservation Society of Charleston in 2021.[74] He sold the property in March 2025 for $18.25 million plus $3 million for the furnishings and fixtures; it was the highest price ever for a house in Charleston.[75][76]

As of December 28, 2024, Bessent's net worth was at least $521 million, according to his financial assets disclosure by the U.S. Office of Government Ethics, although his actual net worth is speculated to be much higher.[77] At that time, he owned more than $50 million in each of the SPDR S&P 500 ETF Trust, the Invesco S&P 500 Equal Weight ETF, and the Invesco QQQ, as well as over $50 million in each of U.S. Treasury bills, Chinese yuan, and Japanese yen.[78]

Board memberships

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Bessent sits on the university council at Yale University.[17] He and his sister donated the Bessent Library to Yale University. Bessent has endowed three scholarships at Yale: one for students who are first-generation college matriculants, one for students from South Carolina, and one for students from the Bronx.

Bessent chaired the investment committee and is a former member of the executive committee on the board of trustees of Rockefeller University.[79][80] He formerly served on the board of God's Love We Deliver, an organization founded to deliver meals for homebound people with AIDS.[17][81] He is a trustee of Classical American Homes Preservation Trust (renamed the Richard Hampton Jenrette Foundation),[82] and a former board member of the Spoleto Festival USA in Charleston.[79][83] Bessent is also a member of the Council on Foreign Relations.[17][79]

Philanthropy

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Bessent opened two foundations in 2022, and created the McLeod Rehabilitation Center at the Shriners Hospital for Children in Greenville, South Carolina.[84] He also supports the King's Trust in London and the Harlem Children's Zone in New York City.[85] He has supported restoration of the Nathaniel Russell House, a National Historic Landmark in Charleston.[86]

References

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  1. ^ Williams, Claire (February 1, 2025). "Chopra out at the CFPB". American Banker.
  2. ^ Restuccia, Andrew; Schwartz, Brian; Timiraos, Nick; Leary, Alex (November 22, 2024). "Trump Picks Scott Bessent as Treasury Secretary". The Wall Street Journal.
  3. ^ Ring, Trudy (November 23, 2024). "Trump nominates investment manager Scott Bessent, a gay man, as Treasury secretary". The Advocate.
  4. ^ Kane, Christopher (November 24, 2024). "Trump nominates gay man for Treasury secretary". Washington Blade.
  5. ^ Irwin, Neil; Brown, Courtenay (November 22, 2024). "What to know about Scott Bessent, Trump's Treasury pick". Axios.
  6. ^ Ring, Trudy (November 23, 2024). "Trump nominates investment manager Scott Bessent, a gay man, as Treasury secretary". The Advocate.
  7. ^ "Scott H Bessent". Ancestry.com.
  8. ^ a b c La Roche, Julia (September 19, 2011). "Meet The Hedge Fund Superstar George Soros Just Hired To Take Over His $25 Billion Fund". Business Insider.
  9. ^ a b c "Scott Bessent". The Sun News. July 8, 1984. p. 8D – via Newspapers.com.Open access icon
  10. ^ "Homer G. Bessent Jr". The Sun News. January 15, 2000. p. 2C – via Newspapers.com.Open access icon
  11. ^ a b c d e Zuckerman, Gregory; Rudegeair, Peter (October 10, 2024). "The Ex-Soros Executive Who is Trump's New Obsession". The Wall Street Journal.
  12. ^ a b Reynolds, Nick (November 13, 2024). "Scott Bessent of Charleston is on Trump's shortlist for US Treasury secretary. Who is he?". Post and Courier.
  13. ^ "Wyn Bessent Obituary".
  14. ^ a b Picchi, Aimee (November 22, 2024). "Who is Scott Bessent? What you need to know about Trump's Treasury secretary pick". CBS News.
  15. ^ "Lindsey Graham introduces treasury secretary nominee Scott Bessent at Senate hearing".
  16. ^ Burton, Katherine (September 19, 2011). "Ex-Soros Trader Bessent Returns to $25 Billion Firm as CIO". Bloomberg News.
  17. ^ a b c d "Two Yale alums tapped for Trump's second administration". December 2, 2024.
  18. ^ Boiskin, Asher (January 16, 2025). "Trump's Treasury secretary nominee Scott Bessent '84 testifies before Senate Finance Committee". Yale Daily News.
  19. ^ a b c Zuckerman, Gregory (September 20, 2011). "Soros Puts New Man at Helm". The Wall Street Journal.
  20. ^ a b "Soros appoints new CIO to family office". Financial Times. September 19, 2011.
  21. ^ a b "Soros's Investment Chief to Depart". The Wall Street Journal. August 4, 2015.
  22. ^ "Scott Bessent Helped 'Break' the Bank of England. Now He'll". The New York Times. November 26, 2024.
  23. ^ a b "Life and money management". September 2015.
  24. ^ "Soros Aide Wins Kudos for Japan Bets". The Wall Street Journal. February 14, 2013.
  25. ^ a b Rogers, Alex; Politi, James (October 13, 2024). "Trump would not weaken the dollar, says adviser Scott Bessent". Financial Times.
  26. ^ "Soros' CIO to Start Own Hedge Fund with $2 Bln". Reuters. August 4, 2015.
  27. ^ Foley, Stephen (August 4, 2015). "Scott Bessent quits Soros group to launch hedge fund". Financial Times.
  28. ^ Foley, Stephen; Johnson, Miles; Childs, Mary (January 5, 2016). "Former George Soros executive raises $4.5bn for new fund". Financial Times.
  29. ^ Burton, Katherine; Porzecanski, Katia (January 5, 2016). "Ex-Soros's Bessent Raises $4.5 Billion For New Hedge Fund Firm". Bloomberg News.
  30. ^ a b c "George Soros Gets Most of His $2 Billion Back from Bessent". Bloomberg News. May 14, 2018.
  31. ^ a b "Volatility Offers Rich Pickings". The Australian. November 16, 2018.
  32. ^ "Exclusive: Fund manager Bessent scores double on Trump victory". Reuters. November 22, 2024.
  33. ^ Rappeport, Alan (January 11, 2025). "Scott Bessent, Trump's Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts". The New York Times.
  34. ^ Dao, James; Seelye, Katherine Q. (August 6, 2000). "The 2000 Campaign: The Vice President; Gore's Theme-a-Day Tour Will Start With a No. 2 Pick". The New York Times.
  35. ^ Bickerton, James (November 23, 2024). "Scott Bessent's Ties To Barack Obama And Hillary Clinton Explained". Newsweek.
  36. ^ Kight, Stef (April 19, 2017). "The big $$$ donors to Trump's Inaugural Committee". Axios.
  37. ^ "Individual Contributions - 'Bessent, Scott'". Federal Election Commission.
  38. ^ Kim, Soo Rin; Ibssa, Lalee (February 21, 2024). "Trump brings in more than $6.8 million from Greenville, South Carolina, fundraiser ahead of primary". ABC News.
  39. ^ Whisnant, Gabe (April 6, 2024). "Trump Campaign Says $50.5 Million Haul Doubled Biden's Fundraiser". Newsweek.
  40. ^ Cook, Nancy; Green, Joshua; Parker, Mario (July 16, 2024). "Trump on Taxes. Tariffs, Jerome Powell and More". Bloomberg News.
  41. ^ Reklaitis, Victor (June 8, 2024). "Possible Trump Pick for Treasury Lays Out 3-Point Economic Plan that Calls for Deregulation, Lower Deficit". MarketWatch.
  42. ^ Franey, James (November 22, 2024). "Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources". The New York Post.
  43. ^ Restuccia, Andrew; Schwartz, Brian; Timiraos, Nick; Leary, Alex (November 22, 2024). "Trump Picks Scott Bessent as Treasury Secretary". The Wall Street Journal.
  44. ^ Cheung, Brian; Sonnier, Olympia; Richards, Zoë (November 22, 2024). "Trump picks Scott Bessent to serve as treasury secretary". NBC News.
  45. ^ Rappeport, Alan; Duehren, Andrew (January 16, 2025). "Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs". The New York Times.
  46. ^ Stratford, Michael (January 21, 2025). "Senate panel advances Bessent nomination". Politico.
  47. ^ "Senate confirms Scott Bessent as Trump's Treasury secretary". USA Today. January 27, 2025.
  48. ^ Breuninger, Kevin (January 28, 2025). "Man arrested with molotov cocktails aimed to kill Treasury Secretary at Capitol, police say". CNBC.
  49. ^ "Scott Bessent sworn in as 79th Secretary of the Department of Treasury" (Press release). United States Department of the Treasury. January 28, 2025.
  50. ^ Duehren, Andrew; Haberman, Maggie; Schleifer, Theodore; Rappeport, Alan (February 1, 2025). "Elon Musk's Team Now Has Access to Treasury's Payments System". The New York Times.
  51. ^ Tokar, Dylan; Eisen, Ben (February 3, 2025). "Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work". The Wall Street Journal.
  52. ^ Wamsley, Laurel (February 3, 2025). "Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work". NPR.
  53. ^ "A Plan For Establishing A United States Sovereign Wealth Fund" (Press release). The White House. February 3, 2025.
  54. ^ Timotija, Filip (April 3, 2025). "Treasury secretary: 'My advice to every country right now is do not retaliate'". The Hill.
  55. ^ Berkowitz, Ben; Lotz, Avery (April 6, 2025). "Bessent: "No reason" for markets to price in recession". Axios.
  56. ^ Saeedy, Alexander; Dawsey, Josh (April 18, 2025). "Trump Advisers Took Advantage of Navarro's Absence to Push for Tariff Pause". The Wall Street Journal.
  57. ^ Bade, Gavin; Schwartz, Brian (April 15, 2025). "U.S. Plans to Use Tariff Negotiations to Isolate China". The Wall Street Journal.
  58. ^ Flatley, Daniel (April 9, 2025). "Bessent Sees a Deal With Allies, Then Group Approach on China". Bloomberg News.
  59. ^ "Bessent: Strong dollar, tariffs can wield US power on world stage". Quincy Institute for Responsible Statecraft.
  60. ^ Saul, Derek (November 22, 2024). "What To Know About Scott Bessent: Trump's Pro-Tariff Treasury Pick". Forbes.
  61. ^ Truitt, Jack Stone (November 23, 2024). "Trump picks pro-tariff billionaire Scott Bessent for treasury secretary". Nikkei Asia.
  62. ^ Sutton, Sam (March 6, 2025). "Bessent defends Trump tariffs: 'Access to cheap goods' is not the 'American Dream'". Politico.
  63. ^ Peterson, Matt (October 9, 2024). "Trump Shadow Fed Chair: Inside the Plan to Sideline Powell". Barron's.
  64. ^ "Trump's Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar". Bloomberg News. November 23, 2024.
  65. ^ Smith, Colby (November 23, 2024). "'Sigh of relief': Wall Street welcomes Donald Trump's pick of Scott Bessent for Treasury secretary". Financial Times. Washington, D.C.
  66. ^ "Trump advisor proposes a shadow Fed chair, but Wall Street veteran Ed Yardeni thinks it's a recipe for disaster".
  67. ^ "Scott Bessent". United States Department of the Treasury.
  68. ^ McDermott, John (July 31, 2022). "SC hedge fund investor looks to spread the word about math and financial literacy". Post and Courier.
  69. ^ "Trump reassures Wall Street by appointing billionaire financier Scott Bessent to Treasury". Le Monde. November 23, 2024.
  70. ^ Zuckerman, Gregory; Rudegeair, Peter (October 10, 2024). "The Ex-Soros Executive Who is Trump's New Obsession". The Wall Street Journal.
  71. ^ a b c Fitzgerald, Madeline (December 11, 2024). "Check out the many, many properties owned by Trump's Treasury Secretary pick Scott Bessent". Quartz.
  72. ^ a b c d Solomont, E.B. (December 5, 2024). "Trump's Treasury Pick Has Bought and Sold at Least 20 Homes. On Some, He Lost Millions". The Wall Street Journal.
  73. ^ Wise, Warren L. (June 21, 2016). "Palatial Purchase Palme Home B&B on East Battery, Known as the Pink Palace, Sells for $6.5 M". Post and Courier.
  74. ^ Hogan, Laura (February 3, 2022). "Carolopolis Awards Include Historic Homes, Visitor Center, Brick House Ruins". Post and Courier.
  75. ^ McDermott, John; Griffis, Teri Errico (March 1, 2025). "Trump's Treasury secretary sells historic Charleston mansion for a record price". Post and Courier.
  76. ^ Jacob, Mary K. (March 11, 2025). "South Carolina mansion tied to the family of 'Southern Charm' star Thomas Ravenel sells for a record sum". The New York Post.
  77. ^ "Scott Bessent's OGE Form 278e" (PDF). HCL Domino.
  78. ^ "Trump's pick for Treasury secretary discloses assets worth at least $521 million, including a home in the Bahamas and S&P 500 ETFs". Fortune. January 12, 2025.
  79. ^ a b c "Three New Trustees Are Elected to the Board" (Press release). Rockefeller University. March 3, 2016.
  80. ^ Ackerman, Andrew (January 12, 2025). "Trump's treasury pick, Scott Bessent, to divest from assets". The Washington Post.
  81. ^ "Out 100 -- Money + Business: Scott Bessent", Out Magazine, January 2001.
  82. ^ "Team". Classical American Homes Preservation Trust.
  83. ^ "Palatial Purchase Palmer Home B&B on East Battery, Known as the Pink Palace, Sells for $6.5M". Post and Courier. June 21, 2016.
  84. ^ "Barbara McLeod Bessent". Post and Courier.
  85. ^ McDermott, John (July 31, 2022). "SC Hedge Fund Investor Looks to Spread the Word About math and Financial Literacy". Post and Courier.
  86. ^ Murray, Ashley (November 23, 2024). "Hedge fund chief and tariff fan Scott Bessent to lead Treasury under Trump". SC Daily Gazette.

Further reading

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[edit]
Government offices
Preceded by Director of the Consumer Financial Protection Bureau
Acting
2025 		Succeeded by
Political offices
Preceded by United States Secretary of the Treasury
2025–present 		Incumbent
Order of precedence
Preceded byas Retired Associate Justice of the Supreme Court Order of precedence of the United States
as Secretary of the Treasury 		Succeeded byas Secretary of Defense
U.S. presidential line of succession
Preceded byas Secretary of State Fifth in line
as Secretary of the Treasury 		Succeeded byas Secretary of Defense
Retrieved from "https://en.wikipedia.org/w/index.php?title=Scott_Bessent&oldid=1290672187"