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'Risks and Returns': How the king of bankruptcy, Wilbur Ross Jr., got to the top

The article from MSN Money discusses the career and investment strategies of Wilbur Ross Jr., often referred to as the "King of Bankruptcy." Ross, known for his expertise in restructuring distressed companies, has made a fortune by buying troubled firms, particularly in industries like steel, coal, and textiles, at low prices during economic downturns. His approach involves reorganizing these companies, often through bankruptcy proceedings, to make them profitable again before selling them at a significant profit. The piece highlights his significant financial gains from these ventures, his role as U.S. Commerce Secretary under President Trump, and his philosophy on risk and return, emphasizing that high returns are often associated with high risks. Despite his successes, Ross's methods have drawn criticism for their impact on workers and communities, and his tenure in public office was marked by controversy over his business dealings and conflicts of interest.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/risks-and-returns-how-the-king-of-bankruptcy-wilbur-ross-jr-got-to-the-top/ar-AA1wZzW4 ]