Bessent, the 62-year-old founder of Key Square Group, has repeated backed the president-elect’s pro-tariff stance in a series of op-eds and media appearances over the past year.
as the next treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street .
Trump also met about the Treasury role with Marc Rowan, the billionaire boss of buyout firm Apollo Global Management, at Mar-a-Lago earlier this week.Bessent, a former George Soros executive, is a staunch ally of Donald Trump and a supporter of his economic policies.Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elect’s pro-tariff stance in a series of op-eds and media appearances over the past year.
A source briefed on Rowan’s interview, however, said 62-year-old Rowan was “an anti-tariff guy and that was a non-starter for the president.”Another staunch Trump loyalist and a major donor, billionaire hedge fund boss John Paulson, ruled himself out of the race just one week after the election.The bet against the British pound “broke the Bank of England”, raking in an eye-watering $1 billion payday for Soros that cemented his reputation as a titan of global finance.
He lashed out at the Biden-Harris administration for presiding over four years of “reckless spending” that has seen Uncle Sam’s debt pile hit an eye-watering $35 trillion this year.The announcement also ends weeks of a bitter “knife fight” between the hedge fund boss and Trump transition co-chair Howard Lutnick, the CEO of Cantor Fitzgerald.“The Biden administration’s mismanagement has created serious challenges that Mr. Trump will need to overcome,” Bessent wrote on Nov. 10.
Politics Donald Trump Finance Howard Lutnick The Trump Transition Treasury Department Wall Street
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