Wilbur Ross Net Worth is$2.6 Billion
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Nickname: Wilbur L Ross Jr
Profession: Businessperson, Investor, Financier
Nationality: United States of America
Date of Birth: 1937-11-28
Place of Birth: Weehawken
Wilbur Ross net worth: Wilbur Ross is an American investor who has a net worth of $2.6 billion. Wilbur Ross is best known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. He was born in Weehawken, New Jersey and grew up in a financially well-off family in suburban New Jersey. He drove two hours a day from New Jersey to attend an elite Catholic college prep school in Manhattan. He received his undergraduate degree from Yale College, which was his father's alma mater, and earned an MBA at Harvard Business School. His faculty advisor at Yale helped him get his first summer job on Wall Street, and in the mid-1970?s he built his reputation as a bankruptcy advisor. He saw himself as someone who would clean up the mess of Michael Milken's junk-bond financing, but by 1997 he wanted to do more. For three years he ran a private-equity fund within Rothschild but could not invest in deals on which the firm was advising, which shut him out of one in three bankruptcies. In 2000, Ross bought out his equity fund and opened WL Ross & Company in New York. Hi staff includes four top mangers who along with Ross, make up the firm's investment committee. He serves on the board of advisors of Yale School of Management, and has served under President Bill Clinton on the board of the US-Russia Investment Fund, in addition to serving as Mayor Giuliani's privatization advisor. His second wife was former New York Lieutenant Governor, Betsy McCaughey Ross. The couple divorced in 2000.
Wilbur L. Ross, Jr. (November 28, 1937) 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 and distressed businesses. In 2011, Forbes magazine listed Ross as one of the world's billionaires with a net worth of $1.9 billion. 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 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 drove two hours a day from New Jersey to attend the elite Catholic college preparatory 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 500 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.
Ross??? entire art collection is conservatively valued at $150 million and includes pieces ranging from Western surrealists to contemporary Eastern sculptures. Ross owns 25 Magrittes including some of the artist's most valuable paintings such as The Pilgrim.
"Starting in the mid-'70s, Ross built his reputation as a bankruptcy adviser. Ross saw himself as cleaning up the messy results of Michael Milken's junk-bond financings, but by 1997 he wanted to do more than just cajole others into doing it his way. For

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Wilbur Ross Latest News

Wilbur Ross Named in European Insider Trading Report

The financial background of Commerce Secretary Wilbur Ross faces renewed scrutiny this week after reports surfaced that the man once known as the "king of bankruptcy" faces allegations of insider trading abroad. Mother Jones on Tuesday published details of ...
Posted: December 12, 2017, 2:48 pm

More incredibly embarrassing, possibly criminal, news about our Commerce Secretary

U.S. Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017. U.S. Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing, China, November 9 ...
Posted: December 12, 2017, 5:09 pm

Drunk on Life Wilbur Ross Accused of Insider Trading

And now, at a time when his relationship with Donald Trump has apparently turned frosty, presumably owing to the fact that Ross is not as rich as he had claimed, he’s been accused of insider trading by European lawmakers. According to Mother Jones, last ...
Posted: December 12, 2017, 4:38 pm
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