Nation

Commerce Secretary Wilbur Ross ‘lied’ about his wealth to make richest Americans list, says Forbes magazine

WASHINGTON — Forbes magazine said Commerce Secretary Wilbur Ross ‘‘lied’’ 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’s not even close to qualifying for the magazine’s list. Nor was it close to 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.

Advertisement

When Forbes asked Ross about the wide gap, he said he had put ‘‘more than $2 billion’’ into trusts for his family.

Get Ground Game in your inbox:
Daily updates and analysis on national politics from James Pindell.
Thank you for signing up! Sign up for more newsletters here

But he declined to provide documentation, Forbes said.

washington post