Shipowner turned politician Wilbur Ross has bragging rights around the White House.

Ross, the “king of bankruptcy”, is the wealthiest among Donald Trump’s billionaire Cabinet, according to Forbes.

Secretary of Commerce Ross, who shot to shipping fame as the money behind Diamond S’s Cido takeover in 2011, has $2.5bn to his name, the magazine reports.

This gives Ross a healthy slice of the $4.3bn