MORNING HEADLINES  | Conway native Scott Bessent, a billionaire hedge fund manager who now lives in Charleston, is President-elect Donald Trump’s pick to lead the U.S. Department of the Treasury.

Charleston philanthropist Scott Bessent has emerged as the leading candidate to lead U.S. monetary policy under incoming President Donald Trump. Who is he?

On Friday, President Elect Donald Trump chose a South Carolina native to be the Treasury Secretary. Sunday, Senator Lindsey Graham met with Scott Bessent about

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.

Scott Bessent is stepping out from behind decades of hedge-fund desks into the Treasury Secretary’s office with one goal: to leave his fingerprints on the global economy. President Donald Trump has tapped the 61-year-old economic historian turned hedge-fund manager to take the reins at the Treasury Department.

Wall Street analysts believe Bessent will encourage Trump to roll back his aggressive plans for imposing tariffs on imported goods.

Bessent is married to his husband, John Freeman. Freeman is a former New York City prosecutor. Bessent and his husband, Freeman, reportedly share two children together. The family keeps their personal life away from the public eye. As of 2024, Bessent has a net worth of $1 billion, according to Celebrity Net Worth.

Scott Bessent is an investor and hedge fund manager. He served as chief investment officer at Soros Fund Management before founding Key Square Group, an investment firm that focuses on macroeconomic strategies, including analyzing economic, political, and market conditions to place trades on currencies, interest rates, commodities and equities.

Fox News' Bryan Llenas reports the latest on Trump's Cabinet picks from West Palm Beach, Florida.