Scott Bessent's Net Worth, by the Record
The man who now runs the U.S. Treasury once ran money for George Soros. We pulled his record: an estimated $700 million–$1 billion+ hedge-fund fortune from Soros Fund Management and his own Key Square Group, $3.91 million in political giving, and the divestiture and recusal commitments in his ethics agreement. We show the money; you draw the conclusions.
He was George Soros's Chief Investment Officer, then ran his own global-macro fund betting on currencies and rates. Now he sets the policy those traders position around — as Secretary of the Treasury.
What the Record Shows — and What's Still Sealed in a PDF
Like every Cabinet member, Bessent files a financial disclosure with the U.S. Office of Government Ethics, along with an ethics agreement spelling out what he'll sell and what he'll step back from. His confirmation cleared the Senate 68–29 — a bipartisan margin — on January 27, 2025.
We're up-front about the limits here: unlike the President and Secretary Lutnick, Bessent's detailed asset schedule isn't yet machine-parsed in our data, so the dollar figures on this page come from FEC records, his ethics agreement, and press reporting on his funds — clearly labeled as reported estimates, not exact OGE brackets.
How Much Is Scott Bessent Worth?
Reported estimates put Bessent's net worth at roughly $700 million to $1 billion or more, built over decades of senior hedge-fund roles. That figure comes from press reporting on his earnings and on the assets under management at Key Square Group — not from a line-by-line OGE asset table, which is why we frame it as a range and an estimate rather than a precise number.
From Soros Fund Management to Key Square
Bessent spent decades in global macro — the strategy of betting on currencies, interest rates and whole economies. He rose to Chief Investment Officer of Soros Fund Management (roughly 2011–2015), working closely with George Soros, after Soros-affiliated roles dating to the early 1990s. In 2015 he founded Key Square Group, a macro fund seeded in part by Soros, launching with around $4.5 billion before later returning outside capital and scaling back. It is, in short, a career spent trading around exactly the fiscal and currency policy he now sets.
What He Pledged to Sell and Sit Out
His ethics agreement commits him to divest or wind down his Key Square Group interests and to recuse from matters that directly and specifically involve Key Square or his former clients and counterparties. For a Treasury Secretary — whose decisions move the very currency and bond markets a macro fund trades — those commitments are the guardrail the disclosure system relies on. The agreement is on file with OGE; we track whether the divestiture transactions follow.
Track the divestiture as it files.
When a Cabinet member sells to meet an ethics agreement, it lands as a periodic transaction report. We watch for them across the whole executive branch and all 538 in Congress.
$3.9 Million in Political Giving
FEC records show Bessent gave roughly $3.91 million across 197 contributions between 2017 and 2025, exclusively to Republican entities. The two largest recipients were $2 million to Make America Great Again Inc. (Trump's principal committee and super PAC) and $1.34 million to the Republican National Committee. His largest single gift — the $2 million to the Trump super PAC — came before his nomination.
How He Stacks Up
Bessent and Commerce Secretary Howard Lutnick are the Cabinet's two money-manager fortunes — both nine-to-ten figures, both built on Wall Street. Both sit well below President Trump's billions and well above Vice President JD Vance's $6.5–$22.4 million. Measured against the richest members of Congress, a Treasury Secretary worth most of a billion dollars is a category of its own.
How We Count It
This profile draws on Secretary Bessent's OGE ethics agreement, FEC contribution records, and press reporting on Key Square Group and Soros Fund Management. Because his detailed OGE asset schedule is not yet fully parsed in our data, the net-worth figure is a reported estimate, not a sum of disclosure brackets — and we label it that way. Contribution totals are exact FEC figures. We report what the record says and draw no legal conclusions about any person.
A hedge-fund manager runs the Treasury.
Bessent is one of several Wall Street fortunes around the President's table. We read every disclosure, track the divestitures, and follow every new filing the day it posts — the whole executive branch and all 538 members of Congress. Start free, no card required.
Already have an account? Sign in →
Frequently Asked Questions
Keep Reading
Not financial advice. All data from public federal disclosures and reporting. GovGreed reports disclosed financial information and does not allege that any person violated any law.