Treasury Secretary Scott Bessent‘s net worth is believed to be north of half a billion dollars. Still, the former hedge fund manager and Trump megadonor wants the American people to think of him as a humble farmer.

During a visit to ABC‘s “This Week” on Sunday, Bessent was asked about a Chinese boycott of soybeans grown in the United States. The U.S. is the single largest exporter of soybeans to China, but that country halted soybean purchases in response to President Donald Trump‘s ongoing trade war. China accounted for more than half of all the soybeans purchased from the United States in the last two years. Bessent said he’s felt the sting of the purchasing pause and that both sides were moving toward a resolution.

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