Founded Ariel, which manages $9.7billionin 1983. Played basketball at Princeton University.
"The reason is that this cycle is split between two phones" and more people are buying online, says the Loup Ventures founder.
The White House is trying to preserve GOP votes on tax reform, according senior administration officials and others.
"We don't want to unnecessarily irritate the Senate," Wilbur Ross tells CNBC.