Why Forbes Is Dropping Wilbur Ross' Net Worth—Again

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Why Forbes Is Dropping Wilbur Ross' Net Worth—Again
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Secretary of Commerce Wilbur Ross apparently lied about his assets for years, fooling Forbes and virtually everyone else into thinking he was a billionaire.

ecretary of Commerce Wilbur Ross apparently lied about his assets for years, fooling Forbes and virtually everyone else into thinking he was a billionaire. In 2017, wethat myth and dropped the estimate of his net worth to $700 million. Now we are lowering it once more, to $600 million.

There are two principal factors behind Ross’ latest downgrade, from $700 million to $600 million. The first is artwork. The secretary of commerce has a vast collection, centered around the Belgian painter René Magritte. In 2013, Ross showed off some of his pieces to a Forbes reporter, whoof the collection at $150 million.

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