There are winners and losers from the 60 percent tumble in oil prices—and U.S. consumers are definitely in the former camp, billionaire investor Wilbur Ross told CNBC on Thursday.
"I think it probably puts in the American consumer's pocket something like $90 a month for each family," the 77-year-old chairman of private equity firm WL Ross & Co said.
"While that may not sound like a lot, it really is, because there are an awful lot of folks who live payroll-to-payroll, so putting $90 more cash money (into their pockets) is a good thing."
WL Ross invests in energy, along with other industries including financial services, transportation, building materials, metals and mining, and real estate. It holds around $7 billion investments and an additional $3 billion in co-investments with partners.
"I think the lower price of oil is certainly good for the developed world. The U.S., despite all the shale, is still a net importer, so are most of the European countries and certainly so is China and so is Japan," Ross told CNBC on Thursday.
The U.S. investor added: "You have already seen sales of the heavier fuel-guzzling vehicles—the SUVs and the light trucks—get very strong, once the gasoline prices at the pump went below $3."