Former Commerce Secretary Wilbur Ross, known as the “King of Bankruptcy” after 55 years on Wall Street, reveals in his upcoming book “Risks and Returns: Creating Success in Business and Life” that he initially dreamed of becoming a writer before embarking on his lucrative career in finance. Ross reflects on his time as an undergrad at Yale where he developed a passion for writing fiction and poetry. His ambition to pursue a career as a writer was reshaped by his educational experiences and ultimately led him to a path in finance. Despite his initial aspirations, Ross acknowledges that his education at Yale played a significant role in steering him away from a potential life of poverty.
During his time at Harvard Business School, Ross had the privilege of learning from esteemed instructor Georges Doriot, a charismatic Frenchman who emphasized the importance of appearance in relation to success. Doriot’s advice to his students to dress the part of success resonated with Ross, who adopted a sense of style and professionalism that would later influence his career in banking. This guidance from Doriot underscores the impact of mentorship and the valuable lessons learned from influential figures in one’s educational journey.
Living Among Great Artists
Despite his successful career in banking, Ross had the unique opportunity to reside in the Dakota, a renowned address in New York City known for its prestigious residents including John Lennon. Ross reflects on his time living among great artists and the sense of community that existed within the iconic building. His recollection of Lennon’s tragic death in 1980 and the subsequent outpouring of support from residents and fans highlights the emotional impact of such a loss on the community. Ross’s firsthand account of the aftermath of Lennon’s death offers a glimpse into the resilience and solidarity of those affected by a significant loss.
Ross’s interactions with Donald Trump, particularly during a bankruptcy proceeding involving the Trump Taj Mahal, offer insight into the complexities of their relationship. Despite their adversarial beginnings, Ross ultimately supported Trump in his presidential campaign, demonstrating a shift in their dynamic over time. Ross’s decision to align himself with Trump reflects the intersection of business interests and political alliances in a high-stakes environment. His willingness to support Trump’s candidacy and subsequent appointment as Commerce Secretary underscores the interconnected nature of politics and business in the modern landscape.
Legacy and Endorsements
As Ross prepares to release his new book, “Risks and Returns,” his reflections on his career and encounters with influential figures shed light on the complexities of success in business and life. The endorsements from prominent figures including Ken Griffin, Stephen A. Schwarzman, and Larry Kudlow speak to Ross’s reputation within the business community and the impact of his work on others. Ross’s legacy as a banker, former Commerce Secretary, and author underscores the multifaceted nature of his career and the lasting influence he has had on those around him.
Former Commerce Secretary Wilbur Ross’s upcoming book offers a glimpse into his experiences in business, encounters with notable individuals, and reflections on success and achievement. Through his journey from aspiring writer to banking magnate, Ross provides valuable insights into the intersection of personal ambition, mentorship, and professional growth. His interactions with figures like Donald Trump and John Lennon underscore the diverse range of experiences that have shaped his career and legacy. As Ross prepares to share his wisdom and lessons learned in “Risks and Returns,” his story serves as a testament to the power of perseverance, adaptability, and resilience in navigating the complex world of business and life.
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