While little has been reported about his wealth, a look at Bessent's winning bets while working in finance offer some insight into how me made his fortune.

Scott Bessent is a billionaire hedge fund manager and an advocate for deficit reduction. He had worked for macro investment billionaire George Soros and noted short seller Jim Chanos.

President-elect Donald Trump will nominate Scott Bessent to be his Treasury secretary, offering the hedge fund manager and major campaign fundraiser the preeminent economic post in his administration.