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(CNN) — Here’s a look at the life of hedge fund executive and Treasury Secretary Scott Bessent.
Personal
Birth date: August 21, 1962
Birth place: Conway, South Carolina
Birth name: Scott Kenneth Homer Bessent
Father: Homer Gaston Bessent Jr., real estate developer
Mother: Barbara McLeod Bessent
Marriage: John Freeman (2011-present)
Children: Cole and Caroline
Education: Yale University, B.A., 1984
Other Facts
Is the first openly gay Treasury secretary and the first openly LGBTQ Senate-confirmed Cabinet member in a Republican administration.
After graduating from Yale, Bessent held positions at Brown Brothers Harriman, Olayan Group and Kynikos Associates.
Timeline
1991-2000 - Managing partner of Soros Fund Management in London.
2000-2005 - Establishes and runs his own hedge fund, Bessent Capital.
2006-2010 - Adjunct professor at Yale University.
2007-2010 - Works at Protégé Partners, a New York-based investment firm.
2011-2015 - Chief investment officer for Soros Fund Management.
2015 - Founds the hedge fund Key Square Capital Management, where he serves as chief executive officer and chief investment officer.
November 22, 2024 - President-elect Donald Trump announces Bessent as his pick to serve as the next secretary of the Department of the Treasury.
January 27, 2025 - In a 68-29 vote, the Senate confirms Bessent as the Treasury secretary. He is sworn in the following day.
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