What’s Ross Worth?
How much is Secretary of Commerce wilbur ross worth? last year, Forbes estimated his fortune at $2.9 billion. But in January he filed a financial-disclosure form revealing a net worth of roughly $700 million. Asked about the discrepancy, ross explained that he shifted a chunk of his assets into trusts for his family members between the election and the inauguration, leaving more than $2 billion off of his disclosure.
Federal law requires Cabinet members to list income-producing assets, even ones they recently sold or gave away. ross says he followed all rules, but how someone apparently held $2 billion worth of assets that produced less than $200 of income last year—the minimum threshold for disclosures—raises more questions than it answers.
Still, with $700 million to his name, ross remains one of the richest members of donald Trump’s Cabinet, though he no longer qualifies for The Forbes 400. “I don’t care if I’m on the list or not,” he says. “That frankly doesn’t matter. But what I don’t want is for people to suddenly think that I’ve lost a lot of money when it’s not true.” —Dan Alexander