Billionaire investor Wilbur Ross is President-elect Donald Trump’s leading candidate for Commerce Secretary, multiple sources told POLITICO.
Ross, 78, is the founder of the private equity firm WL Ross & Co., known for restructuring failed companies, and he’s an economic adviser to Trump.
“He’s not the first rich old white guy to hold the job,” said Bill Reinsch, a distinguished fellow at the Stimson Institute. “Some of them were pretty good — [Ronald Reagan’s Commerce Secretary Malcolm] Baldrige for example. I don’t know Ross, but he certainly seems qualified.”
Read the full article here.