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Breaking: Snap Inc. disclosed this morning that Tencent now owns more than 12 percent of the embattled social media company, after having bought shares in open-market transactions. Read more on DealBook.

How much is Wilbur Ross really worth?

The Forbes article accusing the commerce secretary of inflating his net worth has been the talk of Wall Street and Washington. Here’s how declarations of Mr. Ross’s net worth have evolved over the past two years:

• $2.9 billion, according to a Forbes estimate in 2016

• Less than $700 million, according to Mr. Ross’s financial disclosure forms after his nomination to lead the Commerce Department