Wilbur Ross

Wilbur Louis Ross Jr. (English: Wilbur Louis Ross Jr.; November 28, 1937 -) is an American investor who is good at reorganizing bankrupt companies in different industries, such as steel, coal mining, telecommunications, multinational investment companies, textiles and other industries, and is especially proficient in leveraged buyouts. He is a consultant to the Yale School of Management and a member of the Turnaround Management Association and the American Bankruptcy Institute. Appointed by President Clinton, Ross served on the board of directors of the U.S.-Russia Investment Fund and later became New York City Mayor Rudy Giuliani's privatization adviser. In 2005, Ross was selected into the world's richest list by Forbes Magazine for the first time. On November 30, 2016, US President-elect Donald Trump nominated Ross to serve as US Secretary of Commerce. On February 27, 2017, the U.S. Senate approved the nomination with 72 votes in favor and 27 votes against. On July 23, 2021, the Ministry of Foreign Affairs of the People's Republic of China announced sanctions against 6 individuals and 1 entity, including Wilbur Ross.