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Ross Brings to Commerce Resume Spanning Profit and Politics

  • He reshaped the economics of entire industries such as steel
  • Billionaire will represent U.S. business in Trump’s cabinet
Bloomberg business news

Trump's Cabinet Adds Mnuchin, Ross for Treasury, Commerce

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Wilbur Ross, who as Donald Trump’s commerce secretary will be the voice of U.S. business, made a fortune spinning financial dross into gold.

In the early 1990s, Ross became a star as an adviser to stakeholders in moribund companies. As the longtime head of Rothschild & Co.’s bankruptcy advisory business in New York he helped dictate the outcomes of big bankruptcies, including that of Trump’s Taj Mahal Casino Resort in Atlantic City, New Jersey. He also worked on the Texaco Inc. and Trans World Airlines Inc. bankruptcies.