According to Forbes Magazine, American investor Wilbur has an estimated net worth of $2.6 billion as of March 2013. He’s also #554 in the World Billionaires List (#578 in 2012), #194 in the usa, and #206 in Forbes 400 List. Produced Wilbur L. Ross on November 28, 1937 in Weehawken, New Jersey, he graduated with a B.A. from Yale University and earned his MBA at Harvard Business School. While at Yale, he already has a summer job on Wall Street with the aid of his faculty advisor.
Wilbur Ross Net Worth $2.6 Billion
In 1976, Ross joined Rothschild where he became the head of its bankrupt advisory practice. In 2000, he left the firm to create his own company, WL Ross & Co. He bought it out through his equity fund with $440 million in investor cash. He had four top managers for his staff that constitute his investment committee. In April 2005, he sold the Ohio-based International Steel Group, Richfield, for $4.5 billion to Mittal Steel Company.
Wilbur Ross is referred to as the turn around financier in the usa and is purchasing companies in the distressed assets market. In December 2012, he announced that he intends to get a third of NBK, a U.K. buyout firm. In the early of 2013, his position in the Bank of Ireland has increased in value about 9% as the Irish market has begun to recover.