Scott Bessent nominated for Treasury Secretary with a net worth of $1 billion

Scott Bessent has been nominated by President-elect Donald Trump to be the next Secretary of the Treasury. Bessent is the founder of Key Square Capital Management and has been recognized for his expertise in international investing. Bessent has a net worth of $1 billion, primarily earned through his work in finance, including significant roles at Soros Fund Management. He gained fame for successful currency bets that generated substantial profits. If confirmed, Bessent would be the first openly gay Treasury Secretary and the second openly gay Cabinet member, following Pete Buttigieg. He is married to former NYC prosecutor John Freeman and they have two children.