What an interesting week it has been for US commerce secretary Wilbur Ross, pictured here arriving to address delegates at the annual Confederation of British Industry (CBI) conference in London on Monday – not that his attendance at this event has anything to do with the interestingness of his week.
Ross was one of the early stars of the Paradise Papers, which revealed he has investments in a Russian shipping company that does business with a company connected to Putin’s son-in-law and some Russian business lovelies subject to US sanctions.
Ross said there was “nothing whatsoever improper” about this – the two businesses were like ships passing in the night.
Then on Tuesday, Forbes said Ross had been inflating his net worth for, um, quite a while now. The magazine has revised down its estimate of his wealth from $2.5 billion to $700 million, which would mean he’s not a billionaire, but a mere multimillionaire. Ouch.