As one of Donald Trump’s cabinet picks, U.S. Secretary of the Treasury Scott Bessent has made headlines. As a billionaire with deep roots in the finance world, many are curious about his career and how he came into Trump’s orbit.
In Trump’s announcement about his cabinet choice, the Republican called Bessent’s life and career as the “American dream.”
“Scott has long been a strong advocate of the America First Agenda,” Trump continued in his public statement. “On the eve of our great country’s 250th anniversary, he will help me usher in a new golden age for the United States, as we fortify our position as the world’s leading economy, center of innovation and entrepreneurialism, destination for capital, while always, and without question, maintaining the U.S. dollar as the reserve currency of the world.”
Learn what Bessent does for a living, below.
Who Is Scott Bessent?
The billionaire is a hedge fund manager, best known for founding the Key Square Group. He was also a partner at Soros Fund Management.
While focusing on his macro investment firm, Bessent delved into politics. Although he is now a major supporter of Trump, Bessent previously backed multiple Democrats. In 2000, he hosted a fundraiser for then-presidential candidate Al Gore. In the years to come, Bessent donated to both Hillary Clinton and Barack Obama.
After Obama’s eight-year presidential term was up in 2016, Bessent donated to Trump’s campaign.
In 2025, Scott Bessent became the U.S. Secretary of the Treasury after being nominated by Donald Trump to serve in his cabinet.
Is Scott Bessent Married?
Bessent is married to his husband, John Freeman. Freeman is a former New York City prosecutor.
Does Scott Bessent Have Kids?
Bessent and his husband, Freeman, reportedly share two children together. The family keeps their personal life away from the public eye.
What Is Scott Bessent’s Net Worth in 2024?
As of 2025, Bessent has a net worth of $700 million, according to Celebrity Net Worth.
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