Wilbur Louis Ross, Jr.
About
Wilbur L. Ross was appointed U.S. secretary of commerce by President Donald Trump, a position he has held since February 2017.In the data
Ross, a billionaire Wall Street investor known for buying distressed companies, was a major client of Appleby, which administered more than 50 companies and partnerships that invested in a range of industries on behalf of his private equity firm, W.L. Ross & Co, LLC. Ross divested himself of most of his business interests when he joined the Trump Cabinet in February 2017. But he kept a stake in the shipping company Navigator Holdings through a chain of companies in the Cayman Islands, Appleby’s files and public records show. Ross previously served on Navigator’s board, and WL Ross & Co., which he headed until joining the Cabinet, has been Navigator’s largest shareholder since 2012.
One of Navigator’s biggest clients is a Russian gas and petrochemicals company called Sibur, which has close ties to the Kremlin.
