Trump Expected to Tap Billionaire Wilbur Ross for Commerce Secretary

PHOTO: President-elect Donald Trump meets with Wilbur Ross at the clubhouse of Trump National Golf Club, Nov. 20, 2016 in Bedminster, New Jersey.Dom Emmert/AFP/Getty Images
President-elect Donald Trump meets with Wilbur Ross at the clubhouse of Trump National Golf Club, Nov. 20, 2016 in Bedminster, New Jersey.

President-elect Donald Trump is expected to name investor Wilbur Ross as his pick for commerce secretary, two senior-level Trump transition sources tell ABC News.

Ross, 78, is a billionaire who has made a fortune restructuring failed companies in the manufacturing and steel industries, among others.

He counts himself among Trump's early supporters in the business community, having endorsed him back in March. Ross went on to serve as an economic adviser for Trump through the campaign.

Ross most recently visited with Trump this past Sunday at his resort in Bedminster, NJ.

In a brief exchange with reporters, Trump gestured to Ross saying, "Commerce Secretary, that's what we're looking for."