President-elect Donald Trump might put a mutual-fund-industry-tied private equity billionaire into the cabinet.
| Wilbur Ross|
WL Ross & Co. LLC
Chairman and Chief Strategy Officer
, of Invesco
] subsidiary WL Ross & Co
, is being considered by Trump as a possibility for Secretary of Commerce, according to a tweet
from another billionaire Trump supporter, Carl Icahn. Ross, 78, currently #232
on the Forbes list with a net worth of $2.9 billion, sold WL Ross to Invesco in 2006. He remains chairman and chief strategist of his eponymous firm.
if Ross would have to step back from some of his roles, including some corporate boards.
Ross' competition for Commerce Secretary, per the New York Times' shortlist
of rumored Trump cabinet picks, includes former steel production company CEO Dan DiMicco
and another private equity fundster, Granite Capital International Group chief Lewis Eisenberg
The Daily Beast
, the Huffington Post
, the New York Post
, and U.S. News & World Report
all reported on Ross being a contender.
Neil Anderson, Managing Editor
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