Wilbur L. Ross Jr., chairman and chief executive officer of W.L. Ross & Co., often sees opportunity where others see risk. A turnaround specialist, his investments have ranged from steel to auto parts to textiles and, now, the financial services industry. Last year he invested heavily in Assured Guaranty Ltd., parent of monoline Assured Guaranty Corp.
Ross, educated at Yale University and Harvard Business School, earned his reputation as the “King of Bankruptcy,” leading the bankruptcy advisory group at Rothschild Inc. After 24 years at the investment bank, in 2000 he set out on his own.