Commerce Secretary Wilbur Ross ‘Lied’ About His Wealth To Make Richest Americans List, Says Forbes Magazine

Commerce Secretary Wilbur Ross , at the Confederation of British Industry (CBI) Annual Conference in London on Nov. 6, 2017. MUST CREDIT: Bloomberg photo by Jason Alden.

Forbes magazine says that Commerce Secretary Wilbur Ross “lied to us” about his net worth, exaggerating it by billions of dollars to make the widely-cited “Forbes 400″ list of richest people in America. Ross was dropped from the list for 2017 after being a presence for 13 years.

In an article Dan Alexander posted Tuesday, Forbes said it discovered a discrepancy after examining Ross’s government financial disclosure forms, on which Ross, a Wall Street investor before President Trump put him in his Cabinet, listed his assets at $700 million.

That number is a far cry from what Ross had told the magazine he was worth in 2016, about $3.7 billion or to what he told Forbes recently, that his net worth was about $2.7 billion.

(c) 2017, The Washington Post · Fred Barbash



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