Wilbur Ross Tells Ethics Office He Filed Accurate Financial Disclosure

Wilbur Ross's Net Worth May Not Be What He Claims

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U.S. Commerce Secretary Wilbur Ross, who recently lost his status as a billionaire in at least two global wealth rankings, told the Office of Government Ethics that a financial disclosure he filed in December is accurate.

Ross, 80, also denied creating trusts holding unreported assets after last year’s election, according to a letter he sent to the ethics watchdog. Business Insider reported on the letter earlier Tuesday.