Billionaire investor Wilbur Ross confirmed as Trump's commerce secretary
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
WILBUR Ross Jr, a former banker and investor who earned billions during decades of buying and selling industries and whom President Donald Trump has touted to lead his trade negotiations, was confirmed as secretary of commerce by the Senate in a 72-to-27 vote on Monday night.
Dubbed the "king of bankruptcy" for his leveraged buyouts of battered companies in the steel, coal, textile and banking industries, Mr Ross has generated a fortune of US$2.5 billion, ranking him among the wealthiest 250 people in America, according to Forbes.
Share with us your feedback on BT's products and services
TRENDING NOW
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
