Wilbur Ross, Jr. Net Worth 2024

Ross' private equity fund, WL Ross & Company, was created in April 2000. He had started a $200 million fund at Rothschild to invest in distressed assets. As the U.S. bubble began to burst, he decided he wanted to invest more and advise less. In 2000, the 62-year-old banker raised $450 million to buy out

Ross' private equity fund, WL Ross & Company, was created in April 2000. He had started a $200 million fund at Rothschild to invest in distressed assets. As the U.S. bubble began to burst, he decided he wanted to invest more and advise less. In 2000, the 62-year-old banker raised $450 million to buy out the fund from Rothschild and make further Investments in distressed assets. The new firm was named WL Ross & Co. In 2003 investment committee was composed of David H. Storper, David L. Wax, Stephen J. Toy, and Pamela K. Wilson, a J.P. Morgan & Co. veteran. In 2006 Ross sold WL Ross & Co. to Invesco, then Amvescap. WL Ross operates as a subsidiary of Invesco.

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