Wilbur Ross

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Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now... More »

Leak Reveals Offshore Secrets of Queen, Celebrities

Trump officials also named in 'Paradise Papers'

(Newser) - A massive leak of internal documents from Bermuda-based law firm Appleby has exposed the financial secrets of many of the world's elites—but while it may cause many tough questions to be asked, no evidence of law-breaking has surfaced. The "Paradise Papers" leak of 13.4 million records... More »

Commerce Secretary Has Business Ties to Putin Son-in-Law

Report details Wilbur Ross' offshore holdings

(Newser) - Newly leaked documents show that Commerce Secretary Wilbur Ross, the Trump administration's point man on trade and manufacturing policy, has a stake in a company that does business with a gas producer partly owned by the son-in-law of Russian President Vladimir Putin, the AP reports. According to records obtained... More »

Wilbur Ross Catches Flak for Joke on Syria Strike

Wilbur Ross likened it to 'after-dinner entertainment' at Mar-a-Lago

(Newser) - Commerce Secretary Wilbur Ross was trying to be funny, but his recollection of his boss' decision to launch an airstrike on Syria is not going over well. At a conference Monday, Ross publicly recounted the move made by President Trump while he was entertaining Chinese President Xi Jinping at Mar-a-Lago... More »

Billionaire Investor Confirmed as Commerce Secretary

Senate confirms Trump nominee 72-27

(Newser) - The Senate on Monday confirmed billionaire investor Wilbur Ross as commerce secretary as President Donald Trump adds to his economic team, the AP reports. The vote was 72-27. Breaking with Republican orthodoxy, Ross said the Trump administration will work quickly to re-do the North American Free Trade Agreement. That's... More »

Senate Confirms Trump Pick for UN Ambassador

Nikki Haley approved by 96-4 vote

(Newser) - The Senate confirmed President Trump's pick for US ambassador to the United Nations by a decisive margin Tuesday as GOP-led committees paved the way for three more of his Cabinet nominees to be approved just days into the new administration, the AP reports. South Carolina Gov. Nikki Haley won... More »

Trump Eyeing 'King of Bankruptcy' for Commerce

Wilbur Ross got his nickname buying failing companies

(Newser) - Donald Trump wants the "king of bankruptcy" to be his chief of commerce, insiders say. Wilbur Ross—who got his nickname for his success buying, rebuilding, and selling off steelmakers and other distressed companies—was an economic adviser and a generous donor to the Trump campaign, the New York ... More »

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