The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

Bessent spent his career in finance and gives Wall Street an advocate for tax reform and deregulation. Some call his nomination a 'relief' and say it could reduce the chance of severe tariffs.

While little has been reported about his wealth, a look at Bessent's winning bets while working in finance offer some insight into how me made his fortune.