(New York, NY) — “Forbes” magazine says President Trump’s Commerce Secretary Wilbur Ross is lying about being a billionaire.
The 79-year-old has long appeared on the “Forbes” 400 list of America’s wealthiest. His net worth last year was measured by the magazine at nearly three-billion dollars. But in a scathing report released today, the financial magazine says its intent on “removing him entirely.”
“Forbes” reports Ross’ financial disclosure forms filed after his nomination show he’s worth only 700-million dollars.
“Forbes” editors wrote, “It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers” going back to 2004.
The secretary contends he’s created trusts for his family worth more than two-billion dollars that weren’t included in the cabinet disclosures. But “Forbes” reports that after more digging, it’s now confident “that money never existed.”
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