Trump's Treasury Pick Scott Bessent to Divest Assets Amid Conflict Concerns
2025-01-11
The New York Times
Billionaire investor Scott Bessent, chosen by President Trump for the Treasury role, is set to shed his extensive assets to avoid potential conflicts of interest. Financial disclosure forms reveal his vast wealth, including a property in the Bahamas, investments in Bitcoin, and bets against China's currency, showcasing his diverse investment portfolio. As a key figure in Trump's administration, Bessent's financial dealings will be under scrutiny, with a focus on financial regulation and investment strategies. With his net worth in the hundreds of millions, Bessent's decision to divest assets aims to maintain transparency and avoid any potential conflicts.
