Formerly worked for Soros, now with Trump/Treasury Secretary: The two billionaires have a lot in common!

Treasury Secretary Scott Bessant said in Sun Valley that US President Donald Trump shares a personality trait with his former employer, renowned investor and billionaire George Soros: both are impatient when working on high-risk deals.

Bessent spoke Wednesday at the annual Allen & Co. conference—known as the “billionaires’ summer camp”—in Sun Valley, Idaho.

Asked by the moderator to compare his current employers to his previous ones, Bessent said that Trump and Soros are similar in temperament, demands, and impatience.

The Treasury Secretary responded by advising Trump to be patient while they process the trade announcements, attendees said, Bloomberg reported.

Trump identifies problems and finds solutions

Bessent acknowledged Trump's unique ability to identify problems and find solutions, but said he can sometimes be impatient when it comes to implementing them, participants added.

Bessent, answering questions from the audience, downplayed the impact of tariffs on inflation and predicted two interest rate cuts this year, adding that long-term borrowing costs are likely to be in line with pre-pandemic levels.

Before becoming Trump's top economic adviser, Bessant worked twice at Soros Fund Management, where he served as chief investment officer before leaving to start his own hedge fund.

Bessant also attacked former White House adviser and Tesla CEO Elon Musk, with whom he reportedly had a falling out. 

When asked about Musk founding a political party, Bessett replied: "Which party?"

He then said with a touch of humor that Musk could probably win votes on Mars, referring to the ambitions of the richest man in the world to transport humanity to the planet with the advancement of his space company, SpaceX.

Happening now...

22:15 HAPPENING NOW

Fatal accident in Laknas, 20-year-old man hits 48-year-old man with motorcycle

22:09 POLITICS

The biggest protest in 35 years/ Tirana stands against the corrupt political class, the people applaud: The end has come for you

21:46 SPORT

World Cup records, Messi and Mbappe "threaten" some of the historic achievements

21:32 POLITICS

SP MP criticizes the protest: They have neither narrative nor direction

21:16 POLITICS

After Berisha's order, Sali Lusha and his son appear in protest, getting angry with citizens who shout "Berisha in prison"

21:07 POLITICS

The rally in front of the Prime Minister's Office ends, the big march begins / Protesters again lecture on citizenship, call: Please clean up the country! We will save Albania from Rama, but...

21:04 HAPPENING NOW

Pas 3 orësh protestë te Kryeministria, qytetarët nisin marshimin në rrugët e kryeqytetit

20:33 HAPPENING NOW

Factory in Croatia engulfed in flames

20:14 POLITICS

"We are not leaving, but we will fight for the Homeland"/ New challenge to Rama: Don't hold rallies across Albania, come to the square if you are a man!

20:08 POLITICS

"They have put the sparks in our heads to fight"/ Rama: The world measures development by foreign investments, while Albania is measured by how much it resists them

20:00 POLITICS

'Associated Press' and 'Reuters'/ The two largest agencies in the world broadcast the protest LIVE

19:55 POLITICS

There is no 150 million euro offer from Real Madrid for Julián Álvarez!

19:43 POLITICS

"When will you start your prison?" - Citizen accuses the Prime Minister: You told Britain to send back the young people because they are criminals, but our youth is the future!

19:29 POLITICS

"Arrest Belinda" - "Dalgga" of protesters invades the boulevard in front of the Prime Minister's Office: Tepsia wants a sacrifice! Down with the government! Rama in prison, Berisha in prison

Want to read more news