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Ross Plans to Keep Stakes In 11 Companies

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“Wilbur Ross Jr. plans to keep millions of dollars invested in offshore entities whose values could be affected by policies that he implements as commerce secretary,” the Wall Street Journal reports.

“Mr. Ross, the 79-year-old private-equity billionaire whom President Donald Trump has nominated to run the Commerce Department, has said that if he is confirmed, he will sell at least 80 business assets and investment funds over the next several months. But he plans to hold on to investments in an oil-tanker company and 10 other entities that invest in shipping and real-estate financing… It isn’t clear why Mr. Ross is retaining these 11 assets.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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