Trump picks gay billionaire to serve as treasury secretary

Donald Trump has nominated gay billionaire Scott Bessent to serve as secretary of the treasury, in his new administration. 

If approved by the senate, Bessent would become the first out gay cabinet secretary in Republican history. 

Bessent is the founder of the macro investment firm Key Square Group and believed to have a net worth of $1 billion (£795 million), Celebrity Net Worth reported. He is a former partner at Soros Fund Management and graduated from the prestigious Yale University with a political science degree.

In a statement posted on Truth Social, Trump praised Bessent as “one of the world’s foremost international investors and geopolitical and economic strategists”, adding: “Scott’s story is that of the American Dream… together, we will make America rich again, prosperous again [and] affordable again.”

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