Scott Bessent

Status
In Cabinet
Reported Asset Values
$521M–$784M+

The data on this page comes from a financial disclosure filed by Scott Bessent, who was picked to be: Secretary, Department of the Treasury. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.

Roles Outside Government

Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)

OrganizationPosition heldEndnoteLine No.
Key Square Group LPCEO, Founder, Chief Investment Officer, Partner, 1/2016 - Present1
Estate of BMBExecutor, 7/2021 - Present2
Estate of CB/OGBExecutor, 12/2015 - Present3
Estate of WNBExecutor, 8/2022 - Present4
Rockefeller UniversityChairman of Investment Committee, Board of Trustee Member, Executive Committee, 2/2016 - 11/20245
Kemnay Services LimitedAdvisory Panel Member, 1/2015 - 12/20246
C.P. 2012 TrustTrustee, 12/2012 - Present7
Palmetto Management 2020 TrustInvestment Manager, 12/2020 - Present8
Cape and Palmetto LLCManaging Member, 12/2012 - Present9
Bessent Freeman Family FoundationVice President/Directo r, 12/2019 - Present10
Maison Douze, LLCSole Member, 10/2013 - Present11
Palmetto Management, LLCSole Member, 10/2006 - Present12
Nichols-Gore, LLCSole Member, 5/2013 - Present13
Maison Cinq, LLCSole Member, 5/2016 - Present14
Palmetto 2020 Trust, LLCSole Member, 10/2020 - Present15
Palmetto 98-100 Church, LLCSole Member, 5/2020 - Present16
Employment Assets

Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)

DescriptionValueIncomeIncome TypeEndnoteLine No.
Key Square Group LPNone (or less than $1,001)$1MGuaranteed Payment1
Kemnay Services Limited$250KConsulting fee2
Key Square Group LP, investment firm$50M or more$2.8MManagement fees/incentive allocations; dividendsI retain an incentive allocation interest in Key Square until it winds down by 3/31/2025.3
Key Square Group LP 401(k) plan4
T Rowe Price Retirement 2025 Fund I$250K - $500KNone (or less than $201)4.1
Ghisallo Group L.P., underlying assets are not ascertainable; I have divested this assetNone (or less than $1,001)$128KManagement feesKey Square Group LP had an economic interest in Ghisallo Group LP. Management fees were generated by a fixed percentage of the assets under management and paid to Key Square Group, LP., based on its profit-sharing agreement. This agreement ended on 12/31/2023. Filer did not have an employment or consulting position with Ghisallo.5
Ghisallo Master Fund General Partner L.P., underlying assets are not ascertainable; I have divested this assetNone (or less than $1,001)$418KIncentive FeesKey Square Group LP had an economic interest in Ghisallo Master Fund General Partner, LP. Incentive fees were generated from the profits of the funds managed and paid to Key Square Group, LP., based on its profit-sharing agreement. This agreement ended on 12/31/2023. Filer did not have an employment or consulting position with Ghisallo.6
Key Square GP, LP, underlying assets are not ascertainable.None (or less than $1,001)$29,555Ordinary IncomeFiler has taken all steps necessary to divest this General Partner interest. The partnership is in the process of winding down, with final audit and net distribution of the capital account completed by 3/31/2025. At the time of signing, the amount attributable to Filer in the capital account was below the reporting threshold.7
Employment Agreements

Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)

OrganizationAgreementEndnoteLine No.
Key Square Group LPI will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (2016-01-01)1
Key Square Group, LPAs CEO of Key Square Group, LP, I was entitled to management fees and incentive allocations. Management fees were generated from the assets under management. Incentive allocations were generated from the profits of the funds managed and paid to the general partner entities for the funds, then paid out to those persons entitled to a percentage of the allocation. (2016-01-01)2
Compensation

Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)

OrganizationDescriptionEndnoteLine No.
Key Square Group LPServices as CEO, Founder, Chief Investment Officer, Partner1
Kemnay Services LimitedServices as Advisory Panel Member2
Spouse’s Assets

Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)

DescriptionValueIncomeIncome TypeEndnoteLine No.
IRA #11
U.S. Bank #5 (Cash)$100K - $250KNone (or less than $201)1.1
Archer Daniels Midland (ADM) (food processing and trading)$1,001 - $15,000None (or less than $201)1.2
VERIZON COMMUNICATIONS (VZ)$15,001 - $50,000None (or less than $201)1.3
WABTEC (WAB) (industrial technology)None (or less than $1,001)None (or less than $201)1.4
SPDR Gold Shares ETF (GLD)$15,001 - $50,000None (or less than $201)1.5
SPDR S&P 500 ETF IV (SPY)$100K - $250KNone (or less than $201)1.6
IRA #22
MFS Massachusetts Investors Tr A (MITTX)$100K - $250KNone (or less than $201)2.1
Other Assets and Income

Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)

DescriptionValueIncomeIncome TypeEndnoteLine No.
U.S. Bank #1 (Cash)$1M - $5M$201 - $1,000Interest1
U.S. Bank #2 (Cash)$100K - $250K$201 - $1,000Interest2
U.S. Bank #3 (Cash)$100K - $250K$5,001 - $15,000Interest3
Residential Real Estate, Nassau, Bahamas$5M - $25M$50,001 - $100KRent or Royalties4
Residential Real Estate, Cashiers, NC$5M - $25MNone (or less than $201)5
Art and Antiques$1M - $5MNone (or less than $201)6
Presight RV Co.-Invest Fund LP, underlying assets are not ascertainable; I will divest this asset if confirmed$50,001 - $100KNone (or less than $201)7
All Season's Press$1M - $5MNone (or less than $201)8
iShares bitcoin Trust ETF (IBIT)$250K - $500KNone (or less than $201)9
Maison Douze, LLC10
Key Square Partners L.P. (cash), I will divest this asset if confirmed$250K - $500K$74,461Ordinary income and non-portfolio capital gainsThis cash account was held at the Key Square GP level and is a legacy of the General Partnership (now divested).10.1
Key Square Partners II LP (cash), I will divest this asset if confirmed$100K - $250KNone (or less than $201)This cash account was held at the Key Square GP level and is a legacy of the General Partnership (now divested).10.2
Key Square Partners, L.P. & Key Square Partners II, L.P.Maison Douze is a limited partner to both the Key Square and Key Square II, LPs. The assets listed below are the cumulative assets held between the two funds. Key Square Partner, LP holds the assets on lines 10.3.1-10.3.10 and Key Square Partners II, LP holds the assets on lines 10.3.1 - 10.3.7. The cash accounts and income for each fund is reported at Lines 10.1. and 10.2, respectively, based on the Schedule K-1 for each.10.3
SPDR S&P 500 ETF TRUST (SPY)$50M or moreNone (or less than $201)10.3.1
Invesco QQQ Trust, Series 1 (QQQ)$50M or moreNone (or less than $201)10.3.2
INVESCO S&P 500 EQUAL WEIGHT ETF (RSP)$50M or moreNone (or less than $201)10.3.3
U.S. Treasury Bills (11/28/25)$50M or moreNone (or less than $201)10.3.4
U.S. Dollar-Offshore Deliverable CNY Currency (USD/CNH), open position$50M or moreNone (or less than $201)10.3.5
Euro-U.S. Dollar (EUR/USD), open position$50M or moreNone (or less than $201)10.3.6
U.S. Dollar-JPY (USD/JPY), open position$50M or moreNone (or less than $201)10.3.7
SPDR S&P 500 ETF Trust (SPY), put option position$1M - $5MNone (or less than $201)10.3.8
Invesco QQQ Trust, Series 1 (QQQ), put option position$5M - $25MNone (or less than $201)10.3.9
Invesco S&P 500 Equal Weight ETF (RSP), put option position$5M - $25MNone (or less than $201)10.3.10
U.S. Bank #1 (Cash)None (or less than $1,001)$1,001 - $2,500Interest10.3.11
U.S. Treasury Bills (11/30/26)$50M or moreNone (or less than $201)10.3.12
Palmetto Management LLC11
U.S. Bank #1 (Cash)$15,001 - $50,000None (or less than $201)11.1
Nichols-Gore LLC12
U.S. Bank #1 (Cash)$50,001 - $100KNone (or less than $201)12.1
Maison Cinq LLC13
U.S. Bank #1 (Cash)$15,001 - $50,000None (or less than $201)13.1
C.P. 2012 Trust14
Cape and Palmetto, LLC14.1
U.S. Bank #1 (Cash)$100K - $250K$201 - $1,000Interest14.1.1
U.S. Bank #1 money market account (cash)$1M - $5MNone (or less than $201)14.1.2
U.S. Bank #2 (Cash)$1,001 - $15,000$15,001 - $50,000Interest14.1.3
U.S Bank #2 money market account (cash)$1,001 - $15,000None (or less than $201)14.1.4
U.S Bank #3 (cash)$100K - $250K$15,001 - $50,000Interest14.1.5
U.S. Bank #4 (Cash)$100K - $250KNone (or less than $201)14.1.6
Lombardi Capital Fund, other than the top 5 holdings, underlying assets are not ascertainable; I will divest this asset if confirmed$250K - $500K$59,609Ordinary income and gains14.1.7
UMG (industrial)14.1.7.1
Richemont (industrial)14.1.7.2
Sandvik (industrial)14.1.7.3
Knorr-Bremse (industrial)14.1.7.4
Ryanair Holdings plc American Depositary Shares (RYAAY)14.1.7.5
Old Farm Partners Master Fund LP, underlying assets are not ascertainable; I will divest this asset if confirmed$250K - $500KNone (or less than $201)14.1.8
Half Acre WSW LLC (consumable products)$1M - $5MNone (or less than $201)14.1.9
Cambrian Biopharma, Inc. (Series A) (clinical- stage drug development company); I will divest this asset if confirmed$250K - $500KNone (or less than $201)14.1.10
Cambrian Biopharma, Inc. (Series C) (clinical- stage drug development company); I will divest this asset if confirmed$500K - $1MNone (or less than $201)14.1.11
Crake Global U.S. Feeder LP, underlying assets are not ascertainable; I have already divested this asset$1M - $5M$100K - $1MCapital Gains14.1.12
Roxo Energy, LLC, Preferred (energy, water and infrastructure acquisition, production and development company); I will divest this asset if confirmed$1M - $5M$100K - $1MDividends14.1.13
Roxo Energy Partners IV, LLC (energy, water and infrastructure acquisition, production and development company); I will divest this asset if confirmed$1M - $5MNone (or less than $201)14.1.14
Totem Macro Global Alpha Select Onshore Fund LLC, underlying assets are not ascertainable; I will divest this asset if confirmed$250K - $500KNone (or less than $201)14.1.15
Skye Global Fund, underlying assets are not ascertainable; I have divested this assetNone (or less than $1,001)$50,001 - $100KCapital Gains Dividends Interest14.1.16
JPMorgan US Government Money Market Fund Capital Shares (OGVXX)$1M - $5MNone (or less than $201)14.1.17
Federated Treasury Obligations Fund Institutional Shares (TOIXX)$1M - $5MNone (or less than $201)14.1.18
Morgan Stanley Institutional Fund Trust Government Portfolio Institutional Class Shares (MVRXX)$1M - $5MNone (or less than $201)14.1.19
Morgan Stanley Institutional Fund Trust Treasury Securities Portfolio Institutional Class Shares (MSUXX)$1M - $5MNone (or less than $201)14.1.20
Federated Government Obligations Fund Premier Shares (GOFXX)$1M - $5MNone (or less than $201)14.1.21
Federated Hermes Treasury Obligations Fund - PRM Class (TOPXX)$1M - $5MNone (or less than $201)14.1.22
Key Square Partners II, LP14.1.23
SPDR S&P 500 ETF TRUST (SPY)$1M - $5MNone (or less than $201)14.1.23.1
Invesco QQQ Trust, Series 1 (QQQ)$1M - $5MNone (or less than $201)14.1.23.2
INVESCO S&P 500 EQUAL WEIGHT ETF (RSP)$1M - $5MNone (or less than $201)14.1.23.3
U.S. Treasury Bills (11/28/25)$1M - $5MNone (or less than $201)14.1.23.4
U.S. Treasury Bills (11/30/26)$1M - $5MNone (or less than $201)14.1.23.5
U.S. Dollar-Offshore Deliverable CNY Currency (USD/CNH), open position$1M - $5MNone (or less than $201)14.1.23.6
Euro-U.S. Dollar (EUR/USD), open position$1M - $5MNone (or less than $201)14.1.23.7
U.S. Dollar-JPY (USD/JPY), open position$1M - $5MNone (or less than $201)14.1.23.8
Palmetto Management 2020 Trust15
Palmetto 2020 Trust, LLC15.1
U.S. Bank #1 (Cash)$1M - $5MNone (or less than $201)15.1.1
U.S. Bank #2 (Cash)$1,001 - $15,000$2,501 - $5,000Interest15.1.2
U.S. Bank #2 money market account (cash)$1,001 - $15,000$15,001 - $50,000Interest15.1.3
U.S. bank #3 money market account (cash)$1,001 - $15,000$15,001 - $50,000Interest15.1.4
U.S. Bank #4 (Cash)$250K - $500KNone (or less than $201)15.1.5
Undeveloped Land, Cashiers, NC$250K - $500KNone (or less than $201)15.1.6
Undeveloped Land, Kiawah Island, SC$500K - $1MNone (or less than $201)15.1.7
Castle Hook Fund LP, underlying assets are not ascertainable; I have divested this assetNone (or less than $1,001)$100K - $1MCapital Gains15.1.8
Plenty (OurCrowd LP) (agricultural technology)$50,001 - $100KNone (or less than $201)15.1.9
BlueGreen Water Technologies (OurCrowd LP) (ecological technology)$250K - $500KNone (or less than $201)15.1.10
Skye Global Fund, underlying assets are not ascertainable; I have divested this assetNone (or less than $1,001)$100K - $1MCapital Gains15.1.11
Aperion (DE) Feeder Fund LP - Mind Capital Fund One Series, Underlying assets are not disclosed due to a preexisting confidentiality agreement; I will divest this asset if confirmed$250K - $500KNone (or less than $201)15.1.12
Carbon SPV - Kyndle; I will divest this asset if confirmed15.1.13
Global Carbon Credit Corp. (investment vehicle for voluntary carbon credits on the Toronto Stock Exchange)$50,001 - $100KNone (or less than $201)15.1.13.1
Greengage Global Holding Ltd. (provider of digital merchant banking services); I will divest this asset if confirmed$250K - $500KNone (or less than $201)15.1.14
Roxo Energy, LLC (Preferred) (energy, water and infrastructure acquisition, production and development company); I will divest this asset if confirmed$1M - $5M$100K - $1MDividends15.1.15
Federated Government Obligations Fund Premier Shares (GOFXX)$1M - $5MNone (or less than $201)15.1.16
BlackRock Liquid Federal Trust Fund Institutional Shares (TFFXX)$1M - $5MNone (or less than $201)15.1.17
BlackRock Liquidity Funds Treasury Trust Fund Institutional Shares (TTTXX)$1M - $5MNone (or less than $201)15.1.18
Paragon Title (escrow account for future real estate purchase)$1M - $5MNone (or less than $201)15.1.19
Key Square Partners II, LP15.1.20
SPDR S&P 500 ETF TRUST (SPY)$1M - $5MNone (or less than $201)15.1.20.1
Invesco QQQ Trust, Series 1 (QQQ)$1M - $5MNone (or less than $201)15.1.20.2
INVESCO S&P 500 EQUAL WEIGHT ETF (RSP)$1M - $5MNone (or less than $201)15.1.20.3
U.S. Treasury Bills (11/28/25)$1M - $5MNone (or less than $201)15.1.20.4
U.S. Treasury Bills (11/30/26)$1M - $5MNone (or less than $201)15.1.20.5
U.S. Dollar-Offshore Deliverable CNY Currency (USD/CNH), open position$1M - $5MNone (or less than $201)15.1.20.6
Euro-U.S. Dollar (EUR/USD), open position$1M - $5MNone (or less than $201)15.1.20.7
U.S. Dollar-JPY (USD/JPY), open position$1M - $5MNone (or less than $201)15.1.20.8
U.S. Bank #5 (UTMA brokerage account)16
Cash Sweep Account$500K - $1M$5,001 - $15,000Interest16.1
SPDR Gold Shares (GLD)None (or less than $1,001)$15,001 - $50,00016.2
VanEck Vectors Gold Miners ETF (GDX)None (or less than $1,001)$5,001 - $15,00016.3
iShares Gold Trust (IAU)None (or less than $1,001)$5,001 - $15,00016.4
iShares Silver Trust (SLV)None (or less than $1,001)$5,001 - $15,00016.5
High Plains Acres LLP17
U.S. Bank #1 (Cash)$100K - $250K$1,001 - $2,500Interest17.1
U.S. bank # 2 (cash)$500K - $1M$2,501 - $5,000Interest17.2
Farmland (Burleigh, ND; Kidder, ND; Eddy, ND; Benson, ND; Wells, ND)$5M - $25M$100K - $1MRent or RoyaltiesRent payments are through a revenue sharing agreement, which is tied to the price of the crops produced (corn and soybeans).17.3
U.S. Bank #5 (Cash)$1M - $5M$5,001 - $15,000Interest18
U.S. Bank #6 (Cash)$250K - $500KNone (or less than $201)19
Barclays, UK (cash)$1,001 - $15,000None (or less than $201)20
Palmetto 98-100 Church LLC21
Totem Management Seed, underlying assets are not ascertainable; I will divest this asset if confirmed$250K - $500KNone (or less than $201)21.1
Roxo Energy, LLC (Preferred) (energy, water and infrastructure acquisition, production and development company); I will divest this asset if confirmed$100K - $250K$50,001 - $100KDividends21.2
Commercial Real Estate, Charleston, SC$1M - $5M$100K - $1MRent or Royalties21.3
U.S. Bank #1 (Cash)$500K - $1MNone (or less than $201)21.4
U.S. bank #3 money market account (cash)$15,001 - $50,000$15,001 - $50,000Interest21.5
Residual Estate of BMB$15,001 - $50,000None (or less than $201)22
Residual Estate of WNB$15,001 - $50,000None (or less than $201)23
Chattooga Club Share Deposit (cash)$50,001 - $100KNone (or less than $201)24
Transactions

Officials are required to disclose the purchase, sale or exchange of property or securities in excess of $1,000. Many top officials are required to file periodic transaction reports (278-T) within 45 days to disclose additional actions. This table combines transactions from regularly scheduled financial disclosures and periodic transaction reports. If the same transaction appears on multiple reports, we’re only showing it once. (Form 278e, Part 7 and Form 278-T)

DescriptionValueTransactionEndnoteLine No.
Totem Management Seed$250K - $500KSale, 2025-09-23    1
iShares MSCI Germany ETF (EWG)$1,001 - $15,000Sale, 2025-03-04    1
GreenGage Global Holdings$100K - $250KSale, 2025-11-27    2
iShares MSCI Thailand ETF (THD)$1,001 - $15,000Sale, 2025-03-04    2
SPDR Gold Shares (GLD)$50,001 - $100KSale, 2025-03-04    3
Verizon Communications, Inc. (VZ)$15,001 - $50,000Sale, 2025-03-04    4
Old Farm Partners$100K - $250KSale, 2025-01-28    6
Key Square Group LP$1,001 - $15,000Sale, 2025-02-11    7
Key Square Group LP$50,001 - $100KSale, 2025-02-19    8
Key Square Partners II LP$100K - $250KSale, 2025-02-19    10
Key Square Group LP$250K - $500KSale, 2025-02-20    11
Key Square Master Fund SP$1,001 - $15,000Sale, 2025-02-21    12
Skye Global Fund$15,001 - $50,000Sale, 2025-03-11    13
Roxo Energy Funding IV LLC$100K - $250KSale, 2025-03-25    14
Roxo Energy Funding IV LLC$500K - $1MSale, 2025-03-25    15
Roxo Energy Funding IV LLC$250K - $500KSale, 2025-03-25    16
Key Square Partners II LLP$1,001 - $15,000Sale, 2025-03-25    17
Totem Macro Global Alpha Select Onshore Fund, LLC$1,001 - $15,000Sale, 2025-03-27    19
Castle Hook LP$15,001 - $50,000Sale, 2025-03-27    20
Old Farm Partners Master$50,001 - $100KSale, 2025-04-24    23
Totem Macro Global Alpha Select Onshore Fund, LLC$1,001 - $15,000Sale, 2025-06-30    24
Liabilities

Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)

CreditorDescriptionEndnoteLine No.
Bank of Americatype: Mortgage on Personal Residence, amount: $1,000,001 - $5,000,000, year-incurred: 2020, rate: 2.75, term: 20 years1
Goldman Sachstype: Margin Account, amount: Over $50,000,000, year-incurred: 2024, rate: SOFR + .51, term: On demand2
Bank of Americatype: Exercised Line of Credit, amount: $5,000,001 - $25,000,000, year-incurred: 2018, rate: SOFR + 1.75, term: Annual3

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