Right now, Forbes and Bloomberg magazines have come to the same conclusion that US Commerce Secretary Wilbur Ross is not a billionaire.
In a story published on Wednesday afternoon, Bloomberg revealed that it, too, had lowered its net worth calculation for Ross, who is also facing congressional scrutiny over his finances.
According to the Bloomberg Billionaires Index, Ross’ net worth is now at $860 million, down from $3 billion, “after determining that figures he provided couldn’t be independently verified.”
The change comes a week after a bombshell story from Forbes accusing Ross of embellishing his worth by billions. The story also exposed cracks in the magazine’s “Forbes 400” list of the wealthiest people in the country, which Ross was purportedly able to lie his way into.
Senate Democrats called for the Commerce Department’s internal watchdog to launch an investigation to determine whether Ross was forthcoming during his confirmation process earlier this year.