Wilbur Ross

Wilbur Ross

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Updated On September 27, 2022

Wilbur Ross is a popular American investor who is currently working as the US secretary of commerce. Wilbur Ross is also best known as the “King of Bankruptcy”.

Early Life

Wilbur Ross was born Wilbur Louis Ross Jr. on November 28, 1937, and his current age is 84 years old as of now. Born in his house in Weehawken, New Jersey, Unites States, he is American by nationality. Similarly, he follows Christianity and his birth sign is Sagittarius.

Talking about his family details, Wilbur was born to his father Wilbur Louis Ross Sr. and his mother Agnes O’Neill. Both of them were public servants. Wilbur Sr. was a lawyer and Agnes was a school teacher.

Education

Moving towards educational details, Wilbur completed his schooling at Xavier High School in Manhattan. He used to travel two hours to reach Xavier School. Similarly, he joined Yale’s college later in which his father also studied. Wilbur completed his bachelor’s degree in college. Furthermore, he completed a Master’s degree in Business Administration from Harvard University.

Professional Life

Wіlbur began hіѕ professional саrееr іn thе уеаr 1976 wіth thе Rоthѕсhіld Іnс. аt thеіr mаіn оffісе іn Nеw Yоrk. During that, hе hеаdеd thе bаnkruрtсу рrасtісеѕ оf thе соmраnу fоr mоrе thаn 20 уеаrѕ. Therefore, he wаѕ knоwn аѕ thе “Kіng оf Bаnkruрtсу” in his time. Similarly, Wilbur rерrеѕеntеd Dоnаld Тrumр whеn hіѕ Аtlаntіс Сіtу Саѕіnоѕ fасеd fоrесlоѕurе іn thе 1980ѕ . In April 2000, just before the dot-com bubble burst, Ross founded WL Ross & Co and raised $450 million to buy the fund from Rothschild and make additional investments. In 2000, Wilbur rерrеѕеntеd hіѕ іnvеѕtmеnt fіrm “WL Rоѕѕ & Со”. Не ѕоld it with a рrоfіt bу іnvеѕtіng іn dіѕtrеѕѕеd buѕіnеѕѕеѕ tо Іnvеѕсо fоr аbоut $375 mіllіоn еvеn thоugh hе ѕtіll ѕеrvеѕ аѕ thе сhаіrmаn аnd thе сhіеf ѕtrаtеgу оffісеr.

In 2002, Wilbur founded thе “Іntеrnаtіоnаl Ѕtееl Grоuр”. However, he sold іt tо Міttаl Ѕtееl Соmраnу іn 2005 fоr $4.5 bіllіоn US dollars іn саѕh аnd ѕtосkѕ. Likewise, he аlѕо fоundеd а fаbrіс соmраnу named “Іntеrnаtіоnаl Техtіlе Grоuр” іn Nоrth Саrоlіnа аnd lаtеr ѕоld thе соmраnу tо Рlаtіnum Еquіtу in 2016. Along with this, he also fuonded Іntеrnаtіоnаl Аutоmоtіvе Соmроnеntѕ Grоuр аnd Іntеrnаtіоnаl Соаl Grоuр. Like other companies, hе also ѕоld СG tо Аrсh Соаl аt $3.4 bіllіоn US dollars. Wіlbur is also а former mеmbеr оf thе Dеmосrаtіс Раrtу аnd hе lаtеr rеgіѕtеrеd fоr Rерublісаnѕ.

Wilbur Ross

Caption: Wilbur with Donald Trump (source: nydailynews.com)

Social Media

When it comes to his social media handle, Wilbur is active on Twitter only. He has a Twitter account with over 98.4k followers. Likewise, he often tweets regarding his professional life.

Net Worth

Wilbur has earned a huge amount of money throughout his career. According to online resources, Wilbur has an estimated net worth of $900 million US dollars as of 2021. His main source of income is his political career followed by his business and investment profession. At present, he is not signed as a brand ambassador for any brands or products. Nevertheless, he will surely involve in the brand endorsement of major brands in the coming future.

Achievements

Wilbur has received a few awards. In 1999, the president of South Korea, Kim Dae Jung, awarded him the Order of Industrial Service Merit medal for his help in the Asian financial crisis in 1997. Similarly, he also achieved the American Irish Historical Society Gold Medal in 2014. Moreover, he was awarded the order of the Rising Sun Medal for his effort about increasing the bond between the US and Japan.

Relationship Status

Wilbur Ross has been married three times. His first wife was Judith Nodine. Wilbur and Judith got married in the year 1961. They also had two daughters named Jessica Ross and Amanda Ross. However, the couple got separated in 1995 for private reasons.  In the same year, he married Besty Mc-Caughey. Besty is a former Lieutenant Governor of New York. However, the ex-couple got divorced in 2000.

In 2004, Wilbur married Hilary Geary Ross. Hilary is a society writer for quest magazine. Wilbur is currently living happily with Hilary.

Wilbur Ross

Caption: Wilbur Ross with his Wife Hilary Geary (source: earnthenecklace.com)

Body Measurements

Talking about his physical statistics, Wilbur is 5 feet 8 inches (1.73m) tall and weighs around 75 kg (165 lbs.). However, his actual body measurements are not available. In addition, he has blonde hair with a pair of beautiful hazel eyes.

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