Story perspectives

Scott Bessent: From Wall Street to Trump's Political Ally

12/9/2025

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Summary

Story summary

Scott Bessent, a key figure in U.S. President Donald Trump's inner circle, has leveraged his macro trading background and evolved into a public political commentator.
He previously served as chief investment officer at Soros Fund Management.
Bessent connected with Steve Bannon in 2017 to understand populism and economic nationalism.
Despite Wall Street's retreat from Trump after January 6, he financed conservative media and raised funds for Trump’s 2024 campaign.

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Story summary

Scott Bessent, a key figure in U.S. President Donald Trump's inner circle, has leveraged his macro trading background and evolved into a public political commentator.
He previously served as chief investment officer at Soros Fund Management.
Bessent connected with Steve Bannon in 2017 to understand populism and economic nationalism.
Despite Wall Street's retreat from Trump after January 6, he financed conservative media and raised funds for Trump’s 2024 campaign.