Earlier this week, the Senate confirmed Scott Bessent (62) as President Trump’s Treasury Secretary in a 68-29 vote on Monday, making him the the highest-raking LGTBQIA+ official in the United States. However, besides this being a controversial selection by Trump because of Bessent’s same-sex marriage and long-time advocacy for gay-rights, but also because Bessent has a tenured affiliation with billionaire philanthropist George Soros, a staunch advocate and lobbyist for Democratic policies and movements.
“If you had told me in 1984, when we graduated, and people were dying of AIDS, that 30 years later I’d be legally married and we would have two children via surrogacy, I wouldn’t have believed you,” Bessent said in an interview.
Bessent married his husband, former New York City prosecutor John Freeman, in 2011 and have two children Cole and Caroline via surrogacy.
Weeks after Trump’s November victory, the now President issued a statement explaining why he chose Bessent to be his Treasurer, claiming that he would help him “usher in a new Golden Age for the United States,” adding that Beseent will help “Make America Rich Again, Prosperous Again, Affordable Again, and, most importantly, Great Again!”
Leading LGTBQIA+ publication Advocate reported on some of Bessent’s resume, including his close ties to George Soros.
Bessent, 62, is the founder of Key Square Capital Management, a hedge fund. His background may upset some of the MAGA crowd, however. From 2011 to 2015, before starting Key Square, he was chief investment officer at Soros Fund Management, a hedge fund founded by George Soros, and Bessent had worked for Soros’s firm at various times since 1991. Soros is a major donor to Democrats and a bête noire of the far right. Some right-wingers claim — falsely — that Soros pays protesters who turn out to support liberal causes. But “Trump liked [Bessent’s] billionaire bona fides and the fact that he converted to the MAGA movement after working for Soros,” CNN reports.
Bessent donated to Trump’s presidential campaign and advised him on economic policy. He has contributed to some other Republican politicians and is a longtime friend of Vice President-elect JD Vance, but he also has donated to Democrats, including Al Gore, Hillary Clinton, and Barack Obama. He hosted a fundraising event for Gore’s presidential campaign in 2000.
Pink News also pointed out that “the secretary of the treasury is fifth in the United States presidential line of succession, he becomes the highest-ranking openly LGBTQ+ person in American history.”
Former Transportation Secretary under the Biden administration and former South Bend, Indiana, Mayor Pete Buttigieg was formerly the highest-ranking LGBTQIA+ official in the federal government. In 2020, Richard Grenell, amidst Trump’s first term, became the first LGBTQIA+ Cabinet member when he was appointed acting director of national intelligence.
Read the rest of the report for free on Substack:
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