Date of Birth: November 28, 1937
Zodiac Sign: Sagittarius
Biography
Wilbur Louis Ross Jr. is an American investor and government official who has played a significant role in various sectors, most notably in the steel and coal industries. He was born on November 28, 1937, in Weehawken, New Jersey. Ross is known for his expertise in restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment, and textiles. His career as a businessman spans several decades, during which he founded and chaired WL Ross & Co., a private equity firm. Ross’s career in investment banking began at Rothschild Inc., where he worked for 24 years. In 2000, he founded WL Ross & Co., which specialized in distressed asset investments. His work earned him the nickname “King of Bankruptcy” for his ability to salvage failing companies and turn them around. Ross’s success in the business world eventually led him into the political arena. He was appointed the 39th United States Secretary of Commerce by President Donald Trump, serving from February 28, 2017, to January 20, 2021. Throughout his tenure as Secretary of Commerce, Ross focused on promoting American business interests domestically and internationally. He played a key role in trade negotiations and was a vocal advocate for the Trump administration’s trade policies.
5 Interesting Facts about Wilbur Ross
1. Wilbur Ross was named one of the world’s billionaires by Forbes, with his net worth peaking at approximately $2.9 billion in 2016.
2. He has a Bachelor of Arts degree from Yale University and an MBA from Harvard Business School.
3. Ross has been married three times and has two daughters from his first marriage.
4. He has a collection of art and is particularly interested in surrealist paintings.
5. Wilbur Ross was awarded the Order of Industrial Service Merit by South Korean President Kim Dae-jung in 1999 for his work in restructuring the country’s banking sector during the Asian financial crisis.
5 Most Interesting Quotes from Wilbur Ross
1. “If you don’t have some bad investments, you’re not doing it right.”
2. “I’ve had a very good career in private life, but I think public service is a different calling.”
3. “The point is to take the difficult things and make them routine.”
4. “We need a level playing field for American companies.”
5. “Trade is a complicated issue, but it doesn’t have to be a zero-sum game.”
Highest Net Worth Achieved
The highest net worth achieved by Wilbur Ross was approximately $2.9 billion in 2016, according to Forbes.
Children
Wilbur Ross has two daughters, Amanda and Jessica, from his first marriage to Judith Nodine Ross.
Relevant Links
1. [Wilbur Ross – Wikipedia](https://en.wikipedia.org/wiki/Wilbur_Ross
2. [Forbes Profile: Wilbur Ross](https://www.forbes.com/profile/wilbur-ross/
3. [Bloomberg Profile: Wilbur Ross](https://www.bloomberg.com/profile/person/1529810
4. [U.S. Department of Commerce Biography](https://www.commerce.gov/about/leadership/wilbur-ross