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Scott Kenneth Homer Bessent is an American businessman, financial commentator, and government official serving since 2025 as the 79th United States secretary of the treasury. Bessent was a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. He is the first openly gay person to lead the U.S. Treasury Department, the first openly gay U.S. Senate-confi…
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business · American businessman and government official (born 1962) · businessperson · philanthropist · investor · finance minister · also Scott Bessent, Scott Kenneth Homer Bessent, Bessent
Born 21 August 1962 · Q7435987
45 published statements · 0 followers
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Scott Bessent's Opening Statement to the U.S Senate during a Confirmation Hearing
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“s decision to restrict rare earth exports might have been a strategic miscalculation, as it encouraged other countries to reduce reliance on Chinese supplies and develop alternative sources. He suggested that the policy could lessen China”
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“a brain the size of a walnut”
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Fox Business: Scott Bessent
24/7 Wall St.: Scott Bessent Has a $40 Trillion Problem, And Wall Street Isn’t Sure He Can Solve It
Public attention spiked: 18,374 Wikipedia readers in one day, 4.9× the usual 3,756, with 2 article edits. Editors noted: Interceptor: Reverting non-constructive edits by ~2026-33261-97
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Public attention spiked: 30,724 Wikipedia readers in one day, 8.2× the usual 3,756, with 3 article edits. Editors noted: Acting deputies should not be added if the acting predecessors and successors are not going to be added, either.
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Bessent announced that the Treasury would terminate 31 government contracts with Booz Allen Hamilton, due in part to the actions of Charles E
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Bessent said that Argentina had fully repaid its currency draw, estimated by local newspapers at $2
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Snopes rated the claim “U.S. Treasury Secretary Scott Bessent said in November 2025 that the reason beef had become so expensive was that immigrants were bringing their diseased cattle with them.” Correct Attribution.
Shown as reported and rated by a fact checker, not as an established fact.
Claimed: “"Overall, the inflation since President Trump” took office “has come down."” — rated Half True by PolitiFact.
Shown as reported and rated by a fact checker, not as an established fact.
Bessent announced a planned $20 billion economic lifeline to Argentina to purchase government bonds and help stabilize the nation's economy
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Claimed: ““Gasoline prices have collapsed under President Trump."” — rated Mostly False by PolitiFact.
Shown as reported and rated by a fact checker, not as an established fact.
USA Today rated the claim “Treasury Secretary Scott Bessent posted about ‘eliminating income taxes’” False.
Shown as reported and rated by a fact checker, not as an established fact.
Was named the acting director of the Consumer Financial Protection Bureau; he immediately ordered the agency to halt all work
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Bessent granted the Department of Government Efficiency team access to the Treasury Department's payment system
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Bessent was sworn in as the 79th secretary of the treasury by U
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By a 68–29 vote, and sworn in as the 79th U
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Bessent appeared before the United States Senate Committee on Finance
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Career landmark: United States Secretary of the Treasury (2025).
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Career landmark: Commissioner of Internal Revenue (2025–2026).
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“U.S. Treasury knows, that like rats on a sinking ship, you are frantically wiring funds stolen from Iranian families to banks and financial institutions around the world. Rest assured, we will track them and you.”
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“s economic collapse was partly due to U.S. sanctions and said,”
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Owned farmland worth up to $25 million in North Dakota that provides him a rental income of up to $1 million per year
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President-elect Trump announced his nomination of Bessent for U
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President-elect Donald Trump announced his intention to nominate Bessent to serve as the United States secretary of the treasury in his second administration
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And 2024, he donated more than $1 million to Trump's 2024 presidential campaign
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Bessent praised Trump and former Japanese prime minister Shinzo Abe for containing China
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As part of a prearranged deal, the firm returned Soros's investment as it took in other assets
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To $577 million in 2023 and the number of institutional investors declined from 180 to 20 over the same period
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Bessent donated $1 million to Trump's 2017 presidential inaugural committee
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But declined or broke even every year from 2017 to 2021 before making major gains in 2021, 2022 and 2023
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Bessent established Key Square Group, a hedge fund
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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
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Bought a 10,700-square-foot home in Southampton, New York, for $9
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Donated $2,300 to Barack Obama's campaign, and in 2013, he donated $25,000 to Hillary Clinton's campaign
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Bessent hosted a fundraiser for Al Gore at his home in East Hampton, New York
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Bessent founded a $1 billion hedge fund, Bessent Capital
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Donated $1,000 to John McCain's presidential campaign
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Bessent was a leading member of the SFM team whose bet on the Black Wednesday collapse of the British Pound sterling earned the firm over $1 billion
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Eventually becoming the head of its London office
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With a Bachelor of Arts degree with a major in political science
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Studied at Yale University, Bachelor of Arts (1984).
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Graduated from North Myrtle Beach High School in Little River, South Carolina
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Born 1962-08-21.
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In Conway, South Carolina, to Barbara (née McLeod) and Homer Gaston Bessent Jr
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