Meet Wilbur Ross, who once bailed out Trump in Atlantic City and is now his pick for Commerce secretary

Wilbur Ross is Donald Trump's nominee to be the Commerce secretary. Here's some background on Ross.

Wilbur Ross became rich investing in faltering businesses like steel mills and coal mines, finding a fortune in blue-collar industries that others dismissed as beyond saving.

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

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But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

Donald Trump celebrates the grand opening of the Taj Mahal in 1990. The Atlantic City casino was in financial trouble later that year. (Mike Derer / Associated Press)

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

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But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

President-elect Donald Trump, left, with Commerce secretary pick Wilbur Ross, whose estimated worth is $2.5 billion. (Carolyn Kaster / Associated Press)

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

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But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

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But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire. 

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

Even Trump’s vice president-elect, Mike Pence, deflected when asked repeatedly on MSNBC whether he agrees with the proposed tariff.

House Minority Leader Nancy Pelosi (D-San Francisco) slammed Trump’s choice of Ross. Democrats have no power to block his eventual nomination. 

House Minority Leader Nancy Pelosi (D-San Francisco) slammed Trump’s choice of Ross. Democrats have no power to block his eventual nomination. 

House Minority Leader Nancy Pelosi (D-San Francisco) slammed Trump’s choice of Ross. Democrats have no power to block his eventual nomination. 

House Minority Leader Nancy Pelosi (D-San Francisco) slammed Trump’s choice of Ross. Democrats have no power to block his eventual nomination. 

House Minority Leader Nancy Pelosi (D-San Francisco) slammed Trump’s choice of Ross. Democrats have no power to block his eventual nomination. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

Despite his Wall Street background, Ross had a good relationship with labor. Leo Gerard, president of the United Steelworkers, said that his exchanges with Ross weren’t “peaches and cream,” but he was open to workers’ concerns. 

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