Scott Bessent | |
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![]() Official portrait, 2025 | |
79th United States Secretary of the Treasury | |
Assumed office January 28, 2025 | |
President | Donald Trump |
Deputy | David Lebryk (acting) Dan Katz (acting) |
Preceded by | Janet Yellen |
Director of the Consumer Financial Protection Bureau | |
Acting February 1, 2025 – February 7, 2025 | |
President | Donald Trump |
Preceded by | Rohit Chopra |
Succeeded by | Russell Vought (acting) |
Personal details | |
Born | Scott Kenneth Homer Bessent August 21, 1962 Conway, South Carolina, U.S. |
Political party | Republican |
Spouse | John Freeman |
Children | 2 |
Education | Yale University (BA) |
Scott Kenneth Homer Bessent (/ˈbɛsənt/ BESS-ənt; born August 21, 1962) is an American investor and hedge fund manager who has served since 2025 as the 79th United States Secretary of the Treasury.[1] He was a partner at Soros Fund Management and the founder of Key Square Group, a global macro investment firm.[2][3]
A major donor, fundraiser, and economic advisor for Donald Trump's 2024 presidential campaign,[4] Bessent was nominated for treasury secretary by Trump in November 2024 and confirmed to the office by the United States Senate on January 27, 2025, by a vote of 68–29.[5][6]
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 Buttigieg, Demetrios Marantis, Richard Grenell, and Vince Micone).[7] 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 in American history.[8]