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Lessons from A Wall Street Legend Turned Secretary of Commerce
Before being named President Trump’s Secretary of Commerce in 2017, Wilbur Ross had already earned a reputation as the “King of Bankruptcy” over his 55-year career on Wall Street. Often working on high-profile bankruptcies such as Pan Am and Texaco, Ross helped restructure more than $400 billion in assets, and was named among Bloomberg’s 50 most influential people in global finance. After coming to Washington, Ross faced equally tough challenges, yet survived in his post for all four years.
Risks and Returns: Creating Success in Business and Life explains how Ross got to the top and stayed there. Rising from humble beginnings in North Bergen, New Jersey, Ross applied simple principles with strict discipline―something readers can apply in their own quest for success. Ultimately, Ross’s strategies and dealmaking skills led to relationships with King Charles, Warren Buffett, Carl Icahn, the Rothschild family, Steve Wynn, Lakshmi Mittal, Mike Milken, and many other famous personalities. Ross also documents his experiences with President Trump in the Oval Office.
Whether you’re interested in Ross’s experiences as a neighbor of John Lennon in the legendary Dakota apartment building, celebrating with Sir Richard Branson on his private island, or his tumultuous time in Washington, you will find Risks and Returns to be a candid reflection of a life lived at the pinnacle of Wall Street, New York, and Palm Beach society, and the Trump administration. Above all, anyone driven to find career success will learn from Ross’s life the strategies and mentality to achieve it.
Über die Autorin bzw. den Autor
Wilbur L. Ross, Jr. served as Secretary of Commerce in the Trump administration following 55 years of experience in investment banking and private equity. In this capacity, he advised President Donald Trump on commercial and economic affairs, and helped American entrepreneurs and businesses create jobs and economic opportunity.
A native of North Bergen, New Jersey, Ross spent a significant portion of his business career at Rothschild, Inc. Ross negotiated on behalf of creditors in some of the highest-profile bankruptcy proceedings in history, including those involving Pan Am, TWA, the Texaco, and Drexel Burnham Lambert. After founding his own private equity firm in 2000, Ross purchased and restored many companies to profitability, including those in the steel, coal, textile, and banking industries. Over the course of his career, Ross restructured more than $400 billion in assets, earning him a distinguished reputation on Wall Street. In 2011, Bloomberg Markets named him one of the 50 most influential people in global finance.
Secretary Ross’s philanthropic work has included significant support for the Japan Society, the Brookings Institution, the Blenheim Foundation, and numerous entities devoted to the fine arts, including the Rene Magritte Museum in Brussels. He was also an advisory board member of Yale University School of Management.
Secretary Ross is a graduate of Yale University and Harvard Business School. He and his wife, Hilary Geary Ross, have four children.
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