Trump Commerce Secretary Wilbur Ross made at least $53 million from private companies while serving in government: report

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Ross started a special purpose acquisition company in the Cayman Islands in January while still in his government role, according to Forbes

While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million in outside earnings.the Citizens for Responsibility and Ethics in Washington , Ross may have "earned significantly more as he was not required to specify certain income totals over $1 million."

"It is impossible to know Ross's exact income because it was reported in broad ranges, but it is clear that while running the agency in charge of promoting economic growth and regulating global trade for the United States, he made tens of millions of dollars," the CREW investigative report noted.

Per the Post report, the Biden administration paused all ITMS investigations in March and suspended its activities last month. , Ross started a special purpose acquisition company in the Cayman Islands in January while still in his government role.into whether he fully divested from the Bank of Cyprus and questioned whether he "violated conflict of interest rules by participating in meetings and policy deliberations involving the United States and China trade matters related to assets he held or holds.

Before joining the Trump administration, Ross was the longtime chairman and chief executive officer of WL Ross & Company, a private equity firm.Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingAustralia is looking for "a combination of integration with the US and greater self-reliance," one expert told Insider.

 

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