Wilbur Louis Ross Jr. (born November 28, 1937) is an American investor and government official who is the current United States Secretary of Commerce. On November 30, 2016, President-elect Donald Trump announced that he would nominate Ross to be United States Secretary of Commerce. On February 27, 2017, the Senate confirmed Ross as United States Secretary of Commerce by a margin of 72-27. He was sworn into office on February 28, 2017.Before he was appointed as Secretary of Commerce, Ross was a banker known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. In February 2017, Forbes magazine reported that Ross has a net worth of $2.5 billion. He is often called the "King of Bankruptcy" because of his experience in buying bankrupt companies, primarily in the manufacturing and steel industries, and later selling them for a large profit after operations improve. Wikipedia
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