Trump’s pick for Treasury secretary has disclosed assets worth at least $521 million, including a home in the Bahamas and S&P 500 ETFs.

• President-elect Donald Trump’s pick is Scott Bessant He filed a personal financial disclosure listing assets worth at least $521 million to run the Treasury Department. The hedge fund chief said he would leave Key Square and sell his stake if confirmed.

Scott Besant, the head of the hedge fund that President-elect Donald Trump chose to lead the Treasury Department, disclosed assets worth at least $521 million, though the actual amount is likely much higher.

as if The presentation was officially made on Saturday A list of assets by the US Office of Government Ethics for the founder of Key Square Capital Management did not have accurate values. Instead, each has a range of values, sometimes with a wider spread or simply “over $50,000,000”.

For example, he listed residential real estate in the Bahamas valued at $5 million to $25 million, yielding $50,001 to $100,000 in rental income.

He also listed a home in Cashier, NC, worth $5 million to $25 million, as well as art and antiques worth $1 million to $5 million.

Meanwhile, he made a name for himself on Wall Street Big wins in currency trading And while he has launched a key square to bet on global macroeconomic trends, he also seems to be a believer in practical investing.

Besant has more than $50 million each in the SPDR S&P 500 ETF, the Invesco S&P 500 Equal Weight ETF and the Invesco QQQ. Nasdaq 100.

It has more than $50 million in U.S. Treasury bills, as well as positions in the dollar against the euro, Chinese yuan, and Japanese yen. As for crypto, Bessent lists the iShares Bitcoin Trust ETF, which costs between $250,001 and $500,000.

He promised to avoid conflicts of interest and leave the key square. Selling the share of the partnership If confirmed by the Senate to become Secretary of the Treasury.

Most of the revenue comes from Key Square, including a guaranteed fee of $1 million and “management fees/incentive allocations, dividends” of $2.8 million.

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