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Commerce Pick Wilbur Ross Discloses Assets Topping $336 Million

By Tony Seruga

Disclosure comes less than a day before Senate hearing
Ethics agency signs off on agreement, Ross to divest assets

Billionaire investor Wilbur Ross, commerce secretary nominee for president-elect Donald Trump, arrives in the lobby at Trump Tower in New York, on Dec. 13, 2016.

Photographer: John Taggart/Bloomberg

Private equity investor Wilbur Ross, President-elect Donald Trump’s choice for Commerce Secretary, disclosed assets worth more than $336 million in a federal financial disclosure statement that doesn’t capture his net worth.

The federal Office of Government Ethics posted Ross’s financial disclosure one day before his Senate confirmation hearing is set to begin Wednesday morning. It also signed off on his ethics agreement, in which Ross pledges to resign from dozens of positions and divest most of his assets within 180 days of confirmation, while holding onto transportation and real estate lending investments. Ross also promised to recuse himself from matters involving those investments for as long as he owns them…

Commerce Pick Wilbur Ross Discloses Assets Topping $336 Million

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