Gay treasury secretary

But most of his political contributions went to Republican candidates.

By the spring of last year, he was a regular on Stephen K. Bannon’s “War Room” podcast, a leading outlet for MAGA voters. “I’ve always gotten along with treasury secretaries - except this one.”

On Wall Street, executives largely disregard Bessent’s moonlighting in politics.

He saw the remarks as a thinly veiled, and inappropriate, warning that returning Trump to the White House would usher in authoritarianism.

“He thinks she gets a free pass,” said one longtime financial industry associate.

At the Group of 20 finance ministers’ meeting in Brazil, just days after President Joe Biden quit the presidential race, Yellen praised his presumptive replacement, Vice President Kamala Harris, in remarks that some press reports said skirted legal limits on Cabinet officers’ political involvement.

“Vice President Harris clearly, deeply understands what’s needed to make sure that families in America can thrive and can get ahead,” Yellen told reporters.

Bessent’s sense of grievance deepened in April, at a traditional dinner for the new treasury secretary hosted by several of his predecessors.

The current Queen of England stayed at Bessent's mansion in East Hampton.

In 2000, he left Soros to found his own hedge fund in the United States, Bessent Capital, which closed five years later.

As the first same-sex couple presented to the queen, they regularly attended dinners hosted by Queen Elizabeth II at some of the royal residences or at her Highgrove estate in Gloucestershire.

The trust between Bessent and the royal couple was deep enough for the billionaire businessman to play a significant role in organizing and orchestrating Camilla's first solo trip to the United States in 1999.

His stance on market fluctuations and international trade could influence retirement savings and global economic relations, affecting financial stability for many Americans. This move could inspire greater acceptance and visibility for LGBTQ+ individuals in various sectors.

However, Bessent’s approach to economic policy and his handling of sensitive issues such as tariffs may have significant repercussions on the economy and public perception.

Bessent’s personal life includes marriage to former New York City prosecuting attorney John Freeman, with whom he shares two children. He interned with investor Jim Rogers, who provided him with a couch to sleep in the office so he wouldn't miss any details. Democratic Sens. These figures reflect his successful career in finance, during which he made significant investments and acquisitions, including his purchase of a historic mansion in South Carolina for $6.5 million in 2016.

Investors see the former hedge fund manager as a moderating influence on an unpredictable president. The couple fulfilled their dreams of becoming parents to Cole and Caroline through surrogacy. Normally an evening of rarefied clubbiness, the night turned sour as some attendees, including Lawrence Summers, who held the job under President Bill Clinton, harshly - and in Bessent’s view - unfairly criticized the administration’s tariff plans, the associate said.

Bessent also has little patience for the routine political attacks that any prominent Cabinet officer receives.

This property, known as the “Pink Palace,” was originally constructed in the mid-19th century.

Bessent’s professional background includes a pivotal role at Soros Fund Management, a hedge fund founded by George Soros. He follows closely behind Pete Buttigieg, who was appointed as transportation secretary during President Joe Biden’s administration.

For over four decades, he has been strongly committed to the historical preservation and architectural integrity of the city's great heritage.

In the past, he acquired Rudolph Nureyev's apartment in the Dakota in New York, bought a mansion in Miami that had belonged to Cher and Billy Joel, and eventually sold it to Matt Damon.

Asked about Bessent’s recent political commentary, Bannon, an ally, replied by text: “Not partisan enough. Colleagues remember him as a savvy financial analyst with no obvious political leanings.

“I don’t remember a partisan guy. The secretary’s aggressiveness has won him presidential praise as “our savior,” but left traditionalists grumbling.

“There’s a standard of decorum that’s traditionally applied to the treasury secretary that they are ignoring completely.

When Bessent started dating Will Trinkle - a descendant of successful investors and real estate developers - he became part of a select group of benefactors who donated tens of thousands of dollars annually to the Prince of Wales Foundation. But Mnuchin and I worked constructively on a lot of big stuff,” said Wyden, referring to covid aid legislation.