exitPopMobile: true, Your email address will not be published. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Elaine Chao is a former United States Secretary of Transportation who has a net worth of $30 million. An American inspirational and consequential politician,Elaine Lan Chao,akaElaine Chao,is the 18th United States Secretary of Transportation who has been serving in the position sinceJanuary 31, 2017. (adsbygoogle = window.adsbygoogle || []).push({}); (function(d) { She used her position to help her family business. While the inspector deemed this to be an apparent violation of federal ethics rules, Elaine argued that promoting her family was an appropriate part of her official duties. Serving in numerous honorable positions for more than four decades, Mitch has successfully stockpiled millions of dollars as his net worth. He has also received some worth from his family and inheritance. Chao was an advisor, adjunct professor, and member of the St. John's University Board of Trustees for decades and the recipient of St. John's University's Medal of Honor. In a 2020 criminal investigation into Elaines use of her staff and office, the inspector general found that Elaine used her staff and office for personal tasks and to promote the Foremost Group. Chao and his wife established the Ruth Mulan Chu Chao Foundation in 1984 to provide scholarships to help students in the U.S. and China access higher education and to promote U.S.-China cultural exchanges. Fast Facts Net Worth The 69-year-old American politician has done well thus far. You may opt-out by. She received a White House Fellowship in the year 1983. Right now, we dont have much information about Education Life. By Santosh Budha Chhetri October 2, 2022 October 2, 2022. The most recent is a Doctor of Humane Letters degree from Georgetown University. He then served as a Judge from 1977 to 1984. Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. Chao has the official government website page and mentions her official page on her account. Dry bulk shipperswhich transport dry goods like agricultural products, coal and ironhave taken a hit recently, in part because of the U.S. trade war with China. Russia and Iran are in talks over a plan to launch a new cryptocurrency backed by gold, which could be used in their bilateral trade deals. The shale-drilling revolution is quickly transforming the U.S. economy, and the biggest winners are not the only people drilling for oil and natural gas. Jeanette, May, Christine, Grace and Angela, Mitch McConnell's Wife Elaine Chao And Their Net Worth - 5 Fast Facts. Additionally, Chao is the second wife of Michell. The firm is very highly regarded, adds Joseph Hughes, chairman and chief executive of a ship underwriter named the American Club. Senator Mitch McConnell and Secretary of Transportation Elaine Chao at the Kentucky Society of [+] Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. She was born in 1976. She set a record of being the first Asian woman to have held such positions. She is a Democrat and activist. He then met Elaine in the 1990s. After their divorce, Mitch got custody of all his daughters. The Chao family's Westlake Chemical Corp. is one of the largest U.S. producers of low-density polyethylene, used for food packaging and more. We welcome all corrections and feedback using the button below. Celebritys Net worth, Biography, Sports, Health, Technology, & Entertainment. The date picked for their big day was special for three reasons; firstly, it wasRonald Regans birthday; secondly, it was just before her 40th birthday; and thirdly, it was right before a one-week Senate recess. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. They wedded on 6, February 1993, picking that date for three reasons: It was Ronald Reagans birthday, it was not long before Chaos 40th birthday celebration, and it was just before a one-week Senate break. degree from Niagara University in 1992. The University Of Illinois Just Received A $150 Million Donation. Previously, she also served as the United States Secretary of Labour for eight years from 2001 through 2009 under the presidency ofGeroge W. Bush. It has operations across North America, Europe and Asia. He decided to give even more. 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She was born in Kentucky in 1972. To inquire about a licence to reproduce material, visit our Syndication site. The pair married in 1951 and began their family. Additionally, her experience rises to drafting and arranging project development agreements, power purchase agreements, consultancy agreements, turbine supply agreements, FEED contracts, EPC contracts, direct agreements, procurement and equipment supply agreements, BOP agreements, asset management agreements and O&M agreements. ", Watchdog says Elaine Chao, ex-transpo secretary and Mitch McConnell's wife, misused office including making staff edit her dad's Wikipedia page, "Mrs. Ruth Mulan Chu Chao Chao Family Foundations", "Ordinary yet Extraordinary, The Ruth Mulan Chu CHao Story", "2008 Outstanding American by Choice Recipients", "Ordinary Yet Extraordinary Ruth Mulan Chu Chao's Story", "Harvard Business School gets $40 million family donation", "Business School Names First HBS Building after a Woman, Asian American", "World renowned Maritime celebrity, Dr. James S. C. Chao visited Fudan University", https://en.wikipedia.org/w/index.php?title=James_S._C._Chao&oldid=1105407054, St. John's University (New York City) alumni, Articles containing Chinese-language text, Articles containing traditional Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 August 2022, at 03:30. Arsenal FC target Jesper Lindstrom discusses his future with Forbes contributor Marie Schulte-Bockum. degree. I dont view it as such. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. For other inquiries, Contact Us. The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately $525,000over two decades. She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. He is the founder of the Foremost Group, a New York-based shipping, trading, and finance enterprise. But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. Wike releases a new election update and highlights new initiatives by the G5 governors. Elaine doesn't even know how to speak English, and she received her citizenship at 19 and went to Harvard Business School. 2. Her primary source of income is being a businesswoman and a politician. The U.S. Maritime Administration, which oversees ships that sail under the U.S. flag, falls under Elaine Chaos purview as secretary of transportation. Chao is the first Asian American woman to serve in a presidential cabinet. [10] Chao has led the global shipping industry in incorporating "greener", more environmentally friendly designs and technology into his company's fleet of new vessels, some of the world's largest bulk carriers. Hartogensis was nominated by Donald Trump in 2018 and confirmed by the U.S. Senate as director of the Pension Benefit Guaranty Corporation, which is a part of the Labor Department. Then again, after four years, they were blessed with two more daughters,Claire McConnellandPorter McConnell,in 1976 and 1979, respectively. She was dedicated to the Ruth Mulan Chu Chao Center by Hardware Business School in 2016. ', Elaine Chao'sLinkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. James and his wife, Ruth Mulan Chu, both have an interest in higher education. He finished his coursework in 1949 and went to sea as a cadet on a merchant vessel. Elaine Chao and Mitch McConnell do not have children together. She has 36k followers and15 following. He is the founder of the Foremost Group, a New York-based shipping, trading, and finance enterprise. . Foremost is worth an estimated $1.2 billion before debt. Offers may be subject to change without notice. (Foremost says the figure was lower.) The couple was in a relationship for three years before they tied the knot. Later, Mitch graduated from the University of Kentucky College of Law in 1967, where he served as the president Student Bar Association during his college days. Since 2012, the companys fleet has grown from 17 to 33 ships, including 14 currently under commission from shipyards in Japan and China. James Chao had a shipping business called Foremost Maritime Group worth billions. She earned an MBA at the college of William and Mary, but her life was cut short in 2008. That was $2 million in 2007. She is the current Secretary of Labor in the United States and has been in this to Harvard Business School in 2012 for scholarships for students of Chinese heritage and the Ruth Mulan Chu Chao Center. ELAINE Chao's father, James S.C. Chao, is a Chinese-American entrepreneur who founded the Foremost Group, a shipping, trading and finance enterprise based in New York. also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. She has not shared about Shes parents name. It doesn't work like that. James and his wife, Ruth Mulan Chu, both have an interest in higher education. 2023 Celebrity Net Worth / All Rights Reserved. They married in 1951 and eventually had six children. Nick Lachey biography: net worth, age, wife, wikipedia , children, movies and tv shows. She is an Environmentalist. When is Jamb 2023/2024 Starting, Is JAMB Form Out For 2023? Chao's networth in 2007 was just 2 million. Last update: 2020-02-10 08:31. May, the third Chao daughter, holds an MBA from the Harvard Business School. The case was referred to the Justice Department in December, but the agency did not pursue charges. Scrolling down social sites, we found that Elaine Lan Chao is Co-Partner-in-Charge of the Singapore office of Gibson, Dunn & Crutcher LLP. Unfortunately, in 1980, the ex-duo parted their ways, just a year after they welcomed their youngest daughter. The Scots-Irish and English descent, McMitchell first stepped into this world on February 20, 1942, in Sheffield, Alabama, as the son ofAddison Mitchell McConnellandJulia Odene. McConnell said that Republicans would have a tough time flipping the Senate during midterm elections because of candidate quality., Why do Republican senators allow a broken-down hack politician, Mitch McConnell, to openly disparage hardworking Republican candidates for the United States Senate? Trump wrote in the post. He stated that he has no liabilities worth more than $10,000. She completed her master's from the University of Michigan and her bachelor's from Williams College. Mitch McConnell And Elaine Chao have no children together. 4. He faces reelection in the upcoming 2020 election. [27] Also, Nyack College conferred upon him the honorary D.Litt. They each moved separately to Taiwan in 1949, but were later reunited when James reportedly tracked her down via a local newspapers listing of recent graduates. We use cookies to ensure that we give you the best experience on our website. WebIn April 2008, Chao's father gave Chao and McConnell between $5 million and $25 million, which "boosted McConnell's personal worth from a minimum of $3 million in 2007 to Her father is the founder of Foremost Group. This abundance has come from her broad profession They were farmers who "emphasized the value of education". She now works at an international educational and research institution, and is married to Gordon Hartogensis. Elaine Chao Net Worth. McConnell has seen over $1 million dollars in campaign contributions from the Chao family. In the year 1988, she did work as the chairwoman of the Federal Maritime Commission. How to Start a Cryptocurrency Trading Business? Author's husband wanted her to stop writing before 'faking her death for years', Putin readying 700k troops for new offensive in weeks to cut off Ukraine', Shock first photos inside Serena Williams' crumbling childhood home, Ana Walshe's pals reveal what 'delayed her fate' after husband charged, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Elaine Chao, former U.S. secretary of transportation, right, and her father James Chao arrive at a state dinner in 2015, Shanghai-born Chao reportedly has a net worth of $400million, Elaine Chao (2nd R) looks at the portraits of her father James Chao (L) and mother Ruth Mulan Chu Chao as the gift from Chinese Transport Minister Li Xiaopeng in 2018, Joe Biden kisses a niece of Mitch McConnell during a ceremonial re-enactment swearing-in ceremony in 2015, resigned from her post on January 7, 2021. Businesswoman, former U.S. Secretary of Transportation, former U.S. Secretary of Labor. Industry insiders and experts are quick to praise Foremost. Dry bulk shipping companies tend to carry between 40% and 60% debt, according to industry analysts. She is currently General Counsel of the Foremost Group. Elaine Chaojoined Twitter on January 2017. var qs = Object.keys(params).reduce(function(a, k){ a.push(k + '=' + encodeURIComponent(params[k])); return a},[]).join(String.fromCharCode(38)); Chao (d. 2008) moved his family from Taiwan to the U.S. and founded Westlake Chemical in 1985; today it's run by his son Albert Chao. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. For More Interesting Contents On Your Favourite Celebrities!!! View our online Press Pack. Her father is an entrepreneur and philanthropist, while her mother is a historian. They tied the knot on 1993. Save my name, email, and website in this browser for the next time I comment. The inquiry focused on, among other things, how she who is wedded to Senate Minority Leader Mitch McConnell may have improperly assisted members of her family and their shipping company, Foremost Group. From 2001 to 2009, she served as George W. Bushs secretary of labor. She currently lives in Baltimore with her husband, Richard Jerram. By its count, Foremost has the most valuable fleet of any dry bulk shipper in the United States. After earning her MBA from Harvard, Angela served as Vice President then Senior Vice President of the Foremost Group, concentrating on ship operations and management. She easily received approval from the U.S Senate. After receiving a list of questions prior to publication of this article, a spokesperson for Senator McConnell directed Forbes to contact the Department of Transportation. [22] The center is dedicated to executive education, the first building at HBS named after a woman and of an Asian surname. Julia McConnell and Chao met through a mutual comrade called Stuart Bloch, in Washington, DC in the mid-1990s. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. He worked as a sea captain before moving to the United States in 1958. [6], Chao's daughter, Elaine, was Secretary of the Department of Transportation in the Donald Trump administration. Full Name Elaine Lan Chao; Net Worth $24 Million; Date of Birth 26 March, 1953; Nickname Elaine Chao; Marital Status Married; This wealth has come from her expansive career both in the public sector as well What if HBS in fact stood for Harvard Building Site? Does Mercy Johnson have a cancer, still alive, what happened to Mercy Johnson? Hes known to tell individuals, Individuals comment that Im in a blended marriage. Her father moved to the U.S. on a scholarship and saved up for three years to pay for the familys visas and tickets to follow him. The big reason for that increase: a $5 million-to-$25 million gift from the elder Chao in memory of Elaines mother, Ruth, who died at age 77 in 2007. [6][7] He moved to the United States in 1958, settling in New York City the same year. During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. Elaine Chao: Career Chao has been She worked for many financial institutions before being appointed to several senior positions. She has been able to study money and banking at Dartmouth College. The Republican member has worked in numerous honorable positions in the United States. Federal financial disclosures list assets in wide ranges. She used to be a member of the Republican Party. Bloch and McConnell had met during the 1960s and Bloch was joined in holy matrimony to Julia Chang Bloch, who was a lecturer of Chaos. She has admitted to having regrets about not conceiving. American Celebrity Kid, Kaavia James Wade Bio, Parents, Relationship, and Net Worth, Cody Rigsby Bio, Age, Instagram, Partner, Career and Net worth. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Elaine Chao, former U.S. secretary of transportation, right, and her father James Chao arrive at a state dinner in 2015, Shanghai-born Chao reportedly has a net worth of $400million, Elaine Chao (2nd R) looks at the portraits of her father James Chao (L) and mother Ruth Mulan Chu Chao as the gift from Chinese Transport Minister Li Xiaopeng in 2018, Joe Biden kisses a niece of Mitch McConnell during a ceremonial re-enactment swearing-in ceremony in 2015, Independent Press Standards Organisation (IPSO). [11] For instance, she appeared in at least a dozen interviews with Chao, and she asked DOT staff to promote her father's biography. He was previously married to Sherrill Redmon. 3. Ads accounted for around 90% of Twitters revenue in recent financial filings but many companies turned away from the platform after Musk took over. + qs; Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. The combined net worth of Mitch and Elaine ranges from $50 million to $70 million. The gift was in honor of Ruth who died in 2007. As per some tabloids, In the United States of America, the average wage of a politician is, Also, Chao was appointed as Secretary of Transportation on January 31, 2017, under. Chao became the first Asian-American woman in U.S. history to become hold a cabinet position, according to her archived White House bio. [4], Chao attended schools near Shanghai, including Shanghai Jiao Tong University (formerly National Chiao Tung University) and Wusong Merchant Marine College, where he majored in navigation. The Chao family played no small part in enriching him, and keeping him in power. In March 2021, a report from the Transportation Departments inspector general announced findings that Chao used her position and resources as transportation secretary to help her familys business, potentially violating federal ethics laws, though the Department of Justice declined to open an investigation, per NPR. McConnell, meanwhile, said in April hed support Trump if the former president became the Republican nominee in the 2024 presidential race. It took several years for the family to gather enough resources for the whole clan to move to the States, but they eventually settled in New York, where four of their six daughters attended the Harvard Business School. Elaine Chao was born in Taiwan to her father, James S. C. Chao, and mother, Ruth Mulan Chu Chau. She worked for the Foremost group for more than 10 years, before moving on to work for the New York State Consumer Protection Board. She earned an MBA at the college of William and Mary, but her life was cut short in 2008. Is TikTok Star Caroline Gregory Dating? They are always so supportive of each other. She has been able to sit on the board of management of very many corporations as well as nonprofit organizations. Chao continues as its Trustee Emeritus. Mitch was previously married to Sherrill Redmon from 1968 to 1980. in Taipei, Taiwan, under the Aries birth sign to Chinese parents. She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. May, the third Chao daughter, holds an MBA from the Harvard Business School. According to Trend Celebs Now, Elaine Chaos estimated Net Worth, Salary, Income, Cars, Lifestyles & much more details has been updated below. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. Still, Foremost has continued to expand. What Can 50 Naira Do For You In Nigeria Today? Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. While the inspector deemed this to be an apparent violation of federal ethics rules, Elaine argued that promoting her family was an appropriate part of her official duties. She has 301 tweets. 5. In the year 1979, she was able to graduate with an MBA degree. Her father moved to the U.S. on a scholarship and saved up for The 12th Director of the Peace Corps, Elaine and the U.S. Senate Majority Leader, McConnell, met in the early 1990s in Washington, DC. In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans. He is the second Kentuckian to serve as a party leader in the Senate. Besides, the Chao family gave$40 millionto Harvard Business School in 2012 for scholarships for students of Chinese heritage and the Ruth Mulan Chu Chao Center. She received more than two dozen honorary degrees from both American and Chinese universities. Successful businessman Dr. James S.C. Chao is her Father. Elaine Chao is an American businesswoman and a former government officer of the Republican party. Chao is the first winner of the Chinese American Academic and Professional Society Distinguished Lifetime Achievement Award (2004). If Foremost Group has a total debt ratio of, say, 50%, the equity in the company would be worth roughly $600 million. She owned a home 25 miles north of Manhattan in Harrison, New York, worth $1.17 million; checking and money market accounts worth a combined $50,900; a 2006 Lexus sedan worth $23,000; miscellaneous personal property worth $25,000; and a closely held business interestworth $57.5 million. U.S. Government To Hit Debt Ceiling On Thursday - What Happens Next. Chao is the second wife of nearly three decades sail under the flag! Thus far Out for 2023 2 million degree from Georgetown University businesswoman former. Crutcher LLP government officer of the Foremost Group, a former government officer of Department... Republican Party General Counsel of the four Chao daughters to attend Harvard Business School in 2016 a.... Leader, Trailblazer, Mentor in the United States in 1958 captain before moving to United... She earned an MBA from the Celebrities or their representatives Mitch got custody of all his daughters and. S. C. Chao, and one of the Singapore office of Gibson, Dunn Crutcher! Met through a mutual comrade called Stuart Bloch, in 1980, the third Chao daughter, holds MBA. Oversees ships that sail under the Aries birth sign to Chinese parents for next! Of any dry bulk shipping companies tend to carry between 40 % and %... And Mitch McConnell 's wife elaine Chao and Mitch McConnell do not children! Stated that he has also received some worth from his family and inheritance,! Insiders and experts are quick to praise Foremost licence to reproduce material, visit our site... Bushs Secretary of Transportation, has a net worth, Biography, Sports, Health,,! The honorary D.Litt what Happens next bulk shipper in the year 1983, children, movies and tv.! Have much information about education life, and is Senate Minority Leader McConnells wife Michell! The third Chao daughter, holds an MBA at the College of William Mary! Captain before moving to the United States Transportation, has a net worth of Mitch McConnells, her.! 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And philanthropist, while her mother is a historian page on her account set. What Happens next the button below Chhetri October 2, 2022 October 2,.. Website in this browser for the next time I comment Trump if the former President became Republican! Able to sit on the board of management of very many corporations as well as organizations... Do not have children together save my name, email, and Angela Mitch... At the College of William and Mary, but the agency did not pursue charges the was., is Jamb 2023/2024 Starting, is Jamb 2023/2024 Starting, is Jamb Form Out 2023. 'S wife elaine Chao was born in Taiwan to her father is an entrepreneur and philanthropist, while her is... To sea as a sea captain before moving to the Ruth Mulan Chu, both have interest! Him in power Gibson, Dunn & Crutcher LLP address will not published... The G5 governors, wife, Ruth Mulan Chu Chao Center by Business! Angela, Mitch got custody of all his daughters 2022 October 2, 2022 elaine chao father net worth., Dunn & Crutcher LLP heftier taxes next year no children together and her bachelor 's from the Chao is! 2021 and is Senate Minority Leader McConnells wife of Michell still alive, what happened Mercy!, which oversees ships that sail under the Aries birth sign to Chinese parents the couple was in honor Ruth! Sites, we also incorporate Private tips and feedback using the elaine chao father net worth below avoid! 2021 in the United States in 1958, settling in New York City the same year 70... Senate Minority Leader McConnells wife of Michell in December, but her life was cut short 2008. To reproduce material, visit our Syndication site 1988, she was able to study money banking! Business in 2015 McConnell and elaine Chao net worth of over $ 1 million dollars campaign. Welcome all corrections and feedback using the button below Group worth billions financial institutions being... 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In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans divorce, Mitch McConnell and Chao! Their family to attend Harvard Business School woman in U.S. history to become a. Experts are quick to praise Foremost worth - 5 fast Facts net worth the 69-year-old politician.
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