Wilbur Ross Inflated His Net Worth by $2 Billion, Forbes Reports

Wilbur L. Ross has been inflating his net worth to Forbes, the magazine says, citing conversations with the U.S. Commerce Secretary and more than a decade of internal reporting notes.

Wilbur Ross

Photographer: Jason Alden/Bloomberg
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Wilbur L. Ross has been inflating his net worth to Forbes, the magazine says, citing conversations with the U.S. commerce secretary and more than a decade of internal reporting notes.

The magazine’s website now estimates Ross’s net worth at $700 million, down from its $2.5 billion estimate in March. In response to an inquiry from Bloomberg, Forbes said the article speaks for itself.