Revealed: Donald Trump's new Treasury Secretary billionaire Scott Bessent is close friend of King Charles and Queen Camilla

Donald Trump has chosen a adjacent person of King Charles and Queen Camilla to beryllium America’s archetypal cheery Treasury Secretary.

Billionaire Scott Bessent has been a long-time protagonist of the King’s charities, portion Camilla stayed astatine his sprawling location successful the Hamptons, New York, successful 1999 during her archetypal solo travel to the US.

A root said: ‘Scott has known King Charles for galore years. He was a large protagonist of the Prince’s Trust erstwhile Charles was Prince of Wales.

‘They became highly adjacent aft Princess Diana died and Scott was portion of the program to amended Camilla’s image.

‘She came to the US successful 1999 and stayed with him and helium introduced her to everyone who is anyone successful New York society. They stay adjacent and Scott often attends backstage fundraisers astatine the Palace.’

The President-elect made the announcement connected Friday night, saying: ‘Scott volition assistance maine usher successful a caller aureate property for the United States.’

Mr Bessent who has been retired since his 20s, volition beryllium the archetypal cheery Republican Cabinet member. Democrat Pete Buttigieg, Joe Biden’s Transportation Secretary, was the first-ever cheery Cabinet pick.

The Wall Street root added: ‘President Trump has been branded homophobic by his detractors but that couldn’t beryllium further from the truth.

‘He’s been friends with Scott for years and his sexuality was ne'er an issue. The President doesn’t attraction astir things similar that, successful information helium and Melania actively enactment LGBT Republican groups and often person them to Mar-a-Lago. It’s not a large deal.’

Mr Bessent, who has 2 children with his lawyer husband, volition beryllium successful complaint of cardinal fiscal decisions, including Mr Trump’s arguable program to instrumentality tariffs of up to 60 per cent connected imported goods.

He volition besides beryllium liable for slashing America’s record-high nationalist indebtedness of $36 trillion portion implementing taxation cuts for the mediate classes, and oversee the allocation of national funds to enactment Mr Trump’s plans to deport millions of amerciable immigrants, which volition commencement connected January 20, the time the President-elect takes office. 

Mr Bessent, who spent decades moving for Left-wing capitalist George Soros, 1 of the biggest Democratic Party donors, switched his confederation erstwhile Mr Trump archetypal ran for the White House successful 2016.

He is often called a ‘financial genius’ and made his sanction by betting against the lb during the 1992 ‘Black Wednesday’ crash, which netted his steadfast $1 billion.

The 62-year-old, who was calved successful South Carolina, has talked astir being driven to win aft watching his father, a existent property investor, struggle.

‘I’ve known fiscal hardship and I don’t privation that for immoderate family,’ helium said.

The financier launched the hedge money Key Square successful 2015, and has since fixed distant millions to