President-elect Trump's Treasury pick, Scott Bessent, a billionaire hedge fund manager, will significantly reduce his diverse financial holdings.
This divestiture plan aims to prevent potential conflicts of interest as he assumes the crucial role of shaping the nation's economic policy.
Bessent's extensive portfolio, exceeding $700 million, includes various investments and properties showcasing significant wealth.
His confirmation hearing is set for next week, after which he'll lead Trump's agenda involving tax cuts, deregulation, and trade renegotiations.
