President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has filed a personal financial disclosure revealing assets worth at least $521 million. The hedge fund chief listed a range of values for his assets, including real estate, art, and investments.
Bessent’s portfolio includes residential property in the Bahamas and North Carolina worth between $5 million to $25 million. He also holds significant amounts in ETFs tracking the S&P 500 and major currencies, totaling over $50 million each. Additionally, he has an investment in the iShares Bitcoin Trust ETF worth between $250,001 and $500,000.
As a key founder of Key Square Capital Management, Bessent’s income comes primarily from this firm, including a guaranteed payment of $1 million and management fees. If confirmed as Treasury Secretary, Bessent has pledged to resign from his role at Key Square and sell his share of the partnership.
Source: https://fortune.com/2025/01/12/scott-bessent-net-worth-trump-treasury-secretary-nominee-personal-assets-financial-disclosure