Jun
09

American Billionaire Makes Risky Bet on Greece Debt Deal

By

Wilbur Ross, a contrarian American billionaire, built his career investing in distressed assets.CreditSimon Dawson/Bloomberg News, via Getty Images

FRANKFURT — The contrarian American billionaire Wilbur L. Ross Jr.made a bundle betting on the Irish banking system when it was down and out, and a similar wager on Cyprus now looks promising. But Greece may prove to be the toughest test yet of his knack for cashing in on eurozone crisis spots.

Mr. Ross, who built his career investing in distressed assets, is the ringleader of a group of investors who last year pumped 1.3 billion euros, or about $1.47 billion, into Eurobank Ergasias, the third-largest bank in Greece…

American Billionaire Makes Risky Bet on Greece Debt Deal

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.