Jump to
Latest Headlines Wiki
share with facebook
share with twitter
1 of 4
President Trump meets with President Moon of the Republic of Korea
Commerce Secretary Wilbur Ross speaks during a meeting between U.S President Donald Trump and President Moon Jae-in of the Republic of Korea in the Cabinet Room of the White House in Washington, DC, on June 30, 2017. Photo by Olivier Douliery/UPI
| License Photo
Wilbur Ross News
First Prev Page 1 of 3 Last Next
Wiki

Wilbur L. Ross, Jr. is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts. In 2005, Forbes magazine listed Ross as one of the world's billionaires for the first time. He was ranked #346 the Forbes list of the 400 richest Americans, with an estimated net worth of $1.7B. According to a recent New York Times article, he has been bottom-fishing in mortgages and mortgage companies. He apparently commands far greater sums than his net worth would suggest.

Ross was born November 28, 1937 in Weehawken, New Jersey and grew up well-off in suburban New Jersey. His father was a lawyer and his mother a schoolteacher. He serves on the board of advisors of Yale School of Management. His second wife was former New York Lt. Governor Betsy McCaughey Ross, whom he divorced in 2000.

Ross commuted two hours a day from New Jersey to attend the Catholic Xavier High School in Manhattan. He ran track and was captain of the rifle team. He earned a B.A. from Yale College, which was also his father's alma mater. At Yale, Ross edited one of the literary magazines and worked at the radio station. Initially, he wanted to be a writer, but after his experience in a fiction class requiring "1000" words daily, he concluded that he had "run out of material." His faculty adviser at Yale helped him get his first summer job on Wall Street. Ross earned his M.B.A. at Harvard Business School.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Wilbur Ross."