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Fortune

Alena Botros

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Scott Bessent George Soros Donald Trump Bank of England Democratic Party Alvin Bragg Howard Lutnick Fortune Wall Street Journal

(Credit: Vincent Alban/Bloomberg via Getty Images)

Before he was chosen to be President-elect Donald Trump’s Treasury secretary, and before he founded his hedge fund, Scott Bessent worked at Soros Fund Management, founded by prolific Democratic Party donor and billionaire George Soros.

In 1992, Bessent helped Soros pull off the firm’s greatest trade: shorting the British pound.

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