}; She now works at an international educational and research institution, and is married to Gordon Hartogensis. They are the wealthiest and most influential political couple. (adsbygoogle = window.adsbygoogle || []).push({}); 2023 Networth and Salary. She also served as the 24th U.S. secretary of labor from 2001 to 2009 in the George W. Bush administration. 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. The rest was for her husband, James, who is still living today, at age 91. 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. For other inquiries, Contact Us. Chao resigned on January 6, 2021, following the violence at the Capitol. The totals in McConnells disclosure jumped from a range of $3.1 million to $12.7 million in 2007 to $7.3 million to $33.1 million in 2008. [26] The U.S. Department of Homeland Security, Citizen and Immigration Service recognized him in February 2008 as an Outstanding American by Choice.[17]. ', Elaine Chao'sLinkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. And Angela, the youngest of the Chao daughters, works in investment banking. The U.S. has a uniquely large and capable arms industry, which significantly impacts other facets of the economy. degree. She was born in 1979. In 1958, Chao left behind his seven-month pregnant wife and two young children when he moved to the United States, where they joined him in 1961. 31 INSPIRING INTERNATIONAL MENS DAY 2022 QUOTES TO HONOUR THE GUYS IN YOUR LIFE. After that, she joined Syosset High School in Syosset, New York. It is the first building at Havard Business School named after an Asian American. She is committed to accomplishing her goals and has never mentioned anything about her marriage and husband. Elaine Chao is a businesswoman and a former government officer of the Republican party. 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. Foremost has an office in New York City, but its not exactly a U.S. company. ", 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. Mitch was a senator and has been able to serve as Senate Majority Leader. Chao comes from a wealthy family, and she is married to Senate Majority Leader Mitch McConnel. Heres what you need to know about her wealth. 1. Her Net Worth Is $24 Million Senate Minority Leader Mitch McConnell with his wife, Elaine Chao, after voting. She is currently General Counsel of the Foremost Group. She has been able to study money and banking at Dartmouth College. Her father is still alive and is 94 years old. Chao studied at Tsai Hsing Elementary School which was located in Taipei. Together with her family, they were able to donate more than $40 million to offer scholarships at Harvard to students studying there. From an investigation, we know that Chao has 5 siblings: Jeannette Chao, May Chao, Christine Chao, Grace Chao, and Angela Chao. She has 36k followers and15 following. She is a Democrat and activist. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. James Chao earned his fortune as the founder of the Foremost Group which is a shipping, trading, and finance enterprise based in New York. She became a full citizen of the United States of America when she was nineteen years. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. Required fields are marked *. U.S. Government To Hit Debt Ceiling On Thursday - What Happens Next. Her parents were Ruth Mulan Chu Chao and James Si-Cheng Chao. Her father is an entrepreneur and philanthropist, while her mother is a historian. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky,Addison Mitchell McConnell Jr.and shares three kids from her spouses previous marriage. Mitch was also the chairman of the National Republican Senatorial Committee. Meanwhile, her beloved partner holds a staggering net value of$22.5 Million. She publicly apologized for her action. Ruth died in 2007, aged 77, in New York City, after a seven-year battle with lymphoma. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Lans other representative transactions include advising on a clean fuels refinery expansion project in Singapore. You may opt-out by. He is Elaine Chao's father, and Senator Mitch McConnell's father-in-law. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky. We have estimated Elaine Chao's net worth, money, salary, income, and assets. Her mother, Ruth, was a historian and the matriarch of a Chinese-American philanthropic family. 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. Besides, her practice includes advising on cross-border mergers and acquisitions, regulatory and compliance matters, Singapore-related corporate and commercial transactions in the FMCG sector. Industry insiders and experts are quick to praise Foremost. Shanghai-born James reportedly has a net worth of $400million; a fortune he earned through the Foremost Group, which operates a fleet of several dozen ships. She was eligible to serve in the cabinet under President George W. Bush. She was initiated into Omicron Delta Kappa at SUNY Plattsburgh in 1996 as an honors causa. The most recent is a Doctor of Humane Letters degree from Georgetown University. In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. Parents: Dr. James S.C. Chao, Ruth Mulan Chu Chao (deceased), Education: Bachelors degree from Mount Holyoke, MBA from Harvard University. It is a methanol export facilities project in Brunei, various upstream oil and gas acquisitions, a Jet Merox refinery expansion project in Thailand, and divestments in the Middle East and North Africa. The gift was worth between $5 and $25 million [9]. Ruth Mulan Chu Chao was the wife of James S.C. Chao and the mother of six daughters, one of these being Mitch McConnells wife Elaine Chao. Elaine Chao is an American businesswoman and a former government officer of the Republican party. The secretary of transportation, Lan has a jaw-dropping net worth of$24 Million,which she accumulated throughout her multi-professional career. 4. In 2004, the net worth of Elaine was$3.1 Million as per the Washington Post. She is married to Mitch McConnell, the Senate minority leader. The foundation awards scholarships to students both in the U.S. and China, in a bid to help them achieve better access to higher education. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. 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. [8][9] He received a master's degree in management from St. John's University in 1964. An American businesswoman and government official, Chau tied the wedding knot withAddison Mitchell McConnell Jr.,the longest-serving U.S. senator for Kentucky, onFebruary 6, 1993. What if HBS in fact stood for Harvard Building Site? Mitch McConnell And Elaine Chao have no children together. James and his wife, Ruth Mulan Chu, both have an interest in higher education. Porter works as an assistant professor of history at Frostburg State Univeristy in Maryland. Grace, the fifth Chao daughter, is a graduate of Wesley College. 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. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. By the end of her life, she personally had nearly $59 million of assets to her name, according to an inventory filed with her will. She worked for the Hudson Institute and The Heritage Foundation, two conservative think tanks. Successful businessman Dr. James S.C. Chao is her Father. [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. They got their wedding on Ronald Reagan's birthday. All Rights Reserved. Her height is 1.6 m tall, and her weight is 54 kg. Later in 1964, he founded his own company named Foremost Maritime Corporation in New York City, which developed in the Foremost Group. Later in 1975, she graduated from Mount Holyoke College, Massachusetts, with a Bachelor of Arts degree in Economics. In the year 1989, retired President George W. Bush did appoint her as the deputy secretary of Transportation. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. Foremost reportedly took out $300 million in financing from Chinas Export-Import Bank and Taiwans First Commercial bank to build two ships in 2015. She has expanded the Peace Corps's presence in Central Asia and Eastern Europe by establishing the first peace corps programs. Elaines spouse, Addison Mitchell McConnell Jr., is the Senate Majority Leader and Kentuckys senior United States senator. Chao received her bachelor's degree in Economics in 1975 from Mount Holyoke College in South Hadley, Massachusetts. Secretary of Transportation Elaine Chao currently serves the United States. Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glenn Ballard, Teddy Riley and Liz Rose will join the Songwriters Hall of Fame class of 2023. 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. Last update: 2020-02-10 08:31. Who Is The Another Mysterious Wife Of Mitch McConnell? But I will say to young women in my generation, we were taught that we could have it all. She was accused of using extreme disciplinary measures. Chao continues as its Trustee Emeritus. After completing her high school studies. Arsenal FC target Jesper Lindstrom discusses his future with Forbes contributor Marie Schulte-Bockum. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. Then again, after four years, they were blessed with two more daughters,Claire McConnellandPorter McConnell,in 1976 and 1979, respectively. in Taipei, Taiwan, under the Aries birth sign to Chinese parents. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. has 4.1k followers. [27] Also, Nyack College conferred upon him the honorary D.Litt. Elaine has also received her master's degree. The firm is very highly regarded, adds Joseph Hughes, chairman and chief executive of a ship underwriter named the American Club. Mel B biography: net worth, husband, daughter, age, Eddie Murphys mom, children, movies andtv shows, Kaalan Walker biography: net worth, age, superfly, rape sentence update, jail, wife, instagram, wiki, instagram, now, movies and tv shows, Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram. 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). During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. JPMorgan said it discovered evidence that its employees and customers may have misused the Paycheck Protection Program (PPP) for their own benefits. Elaine is the daughter of a Chinese-American businessman who is the founder of Foremost Group. The 68-year-old leader worked as the United States of America president from 1992 through 1996. She is currently General Counsel of the Foremost Group. On January 31, 2017, Chao took the oath of Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. Since 2012, the companys fleet has grown from 17 to 33 ships, including 14 currently under commission from shipyards in Japan and China. The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately $525,000over two decades. exitPopMobile: true, She has 36k followers and15 following. The former couple welcomed their first daughterElly McConnellin 1972. She received a White House Fellowship in the year 1983. About Chao family. Father James Chao Mother Ruth Mulan Chao: Siblings: N/A: School: Tsai Hsing Elementary School, Syosset High School: College: Mount Holyoke College, Dartmouth College, and Harvard University. She is the first Asian American to serve as Deputy Secretary of Transportation and Director of the Peace Corps. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. Her primary source of income is being a businesswoman and a politician. [18] The Chaos had six daughters: Elaine, Jeanette, May, Christine, Grace and Angela[19][20] as well as six grandchildren (including three step-grandchildren from Elaine's marriage to Mitch McConnell).[21]. Ruth Mulan Chu Chao was the wife of James S.C. Chao and the mother of six daughters, one of these being Mitch McConnells wife Elaine Chao. She is the current Secretary of Labor in the United States and has been in this A Department of Transportation spokesperson referred Forbes to Senator McConnells 2008 financial disclosure and also provided a statement: Mrs. She is from Taiwan. Ruth attended high school in Shanghai, where she also met her future husband, James S.C. Chao. Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. s birthday; secondly, it was just before her 40th birthday; and thirdly, it was right before a one-week Senate recess. Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. There are no controversies or rumors about their married life that have been the topic of gossips. Mitch was previously married to Sherrill Redmon from 1968 to 1980. They both separately relocated to Taiwan. Baby among 6 festival-goers sliced to death by glass-encrusted kite strings, BBC1's live FA Cup coverage hit by porn noises from mobile hidden by prankster, Three major energy suppliers paying you to turn off appliances tonight, Putin to make very important announcement on Ukraine war today', News Group Newspapers Limited in England No. [11] For instance, she appeared in at least a dozen interviews with Chao, and she asked DOT staff to promote her father's biography. This wealth has come from her expansive career both in the public sector as well in the corporate world. From 2001 to 2009, she served as George W. Bushs secretary of labor. 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. var s = d.createElement('script'); s.type='text/javascript';s.async=true; The Importance Of Due Diligence And Key Takeaways Going Forward, Getting The 'Why' When Making A Private Investment, Another Rate Hike Could Be Coming Soon And Inflation Starts To Dip - Forbes AI Newsletter January 14th, Crypto.com Lays Off More Of Its Workforce As Crypto Winter Deepens, Build Your All-Star Business Advisory Team With This Roster. Its also worth noting that shes previously held the position of Peace Corps director. She has also worked in many financial institutions before serving as a politician. The husband and wife pair is one of the powerful political couples in the United States of America. Elaine Chao is a businesswoman who served as U.S. Secretary of Transportation under former U.S. President Donald Trump and as U.S. Secretary of Labor under former U.S. President George W. Bush. 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. ), Chaos husband, in a Truth Social post on Saturday, Aug. 20. It is estimated that Elaine received about $9 million from her dad. After their divorce, Mitch got custody of all his daughters. The cheapest ticket to the 49ers-Cowboys game still costs more than $500. WebElaine Chaos income source is mostly from being a successful . Ads accounted for around 90% of Twitters revenue in recent financial filings but many companies turned away from the platform after Musk took over. 5. s presidency and is currently doing under the same position. 2. An American inspirational and consequential politician, is the 18th United States Secretary of Transportation who has been serving in the position since, Previously, she also served as the United States Secretary of Labour for eight years from 2001 through 2009 under the presidency of. During that time, she frequently used her office to promote her family's shipping business. Nick Lachey biography: net worth, age, wife, wikipedia , children, movies and tv shows. She was in Citicorp for four years. I Cant Believe This Nigerian Mum Finds Unexpected Items inside Childrens School Bags, Shares Video, Pray She Misses Her Period: Is a Baby Coming? Davidos Chioma Spotted Checking Menstrual Cycle Tracking App in Video, Many Ladies, UK Govt Releases List of Companies Approve To Sponsor Skilled Nigerians Ready To Relocate, Five Side Hustles for 9-5 Workers in Nigeria, How to start ecommerce business Steps Guide, CBN Releases Security Features of New Naira Notes as Fake Notes Emerge. He faces reelection in the upcoming 2020 election. What Can 50 Naira Do For You In Nigeria Today? She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans. Win McNamee/Getty Images Since that time, the personal fortune of McConnell and Chao has Read on to find out who else is in, and who got passed over. Senator, Mitch McConnell, An American businesswoman and government official, Chau tied the wedding knot with, the longest-serving U.S. senator for Kentucky, on, The date picked for their big day was special for three reasons; firstly, it was. They tied the knot on 1993. They married in 1951 and eventually had six children. Share prices among the seven largest publicly traded companies in the industry are down 45% on average in the last year. According to Trend Celebs Now, Elaine Chaos estimated Net Worth, Salary, Income, Cars, Lifestyles & much more details has been updated below. She then received an inheritance of $5 million to $25 million after her mother's death. That was $2 million in 2007. She used to be a member of the Republican Party. Subsequently, in 2014, her net worth enriched sevenfold, from, During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. 3. Her father is the founder of Foremost Group. 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. WE HAVE A GHOST (February 24) Finding a ghost named Ernest haunting their new home turns Kevins family into overnight social media sensations. Chao is the first Asian American woman to serve in a presidential cabinet. joined Twitter on January 2017. Noted, Currently We dont have enough information about Cars, Monthly/Yearly Salary etc. What's Behind The Growth Spurt In Fertilizer Stocks? Once more details are available on who she is dating, we will update this section. 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. Later, she went on to join Syosset High School which was located in Syosset, New York. She worked for many financial institutions before being appointed to several senior positions. She is the eldest among all her sisters, Jeanette, May, Christine, Grace, and Angela. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. To inquire about a licence to reproduce material, visit our Syndication site. The gift was in honor of Ruth who died in 2007. 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. 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She is the eldest daughter. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" The foundation awards scholarships to students both in the U.S. and China, in a bid to help them achieve better access to higher education. Her father moved to the U.S. on a scholarship and saved up for + qs; She lost her mother on August 2, 2007. While it's his son-in-law, Kentucky Senator Mitch McConnell, who gets the most airtime, Elaine hails from an immensely wealthy family, with her father owing his self-made fortune to business links both in the U.S. and in China. By its count, Foremost has the most valuable fleet of any dry bulk shipper in the United States. She is now Deputy Chairman, and oversees the companys strategy, operations and chartering. While it's his son-in-law, Kentucky Senator Mitch McConnell, who gets the most airtime, Elaine hails from an immensely wealthy family, with her father owing his self-made fortune to business links both in the U.S. and in China. Elaine Chao moved to the United States when she was eight years old and received her citizenship when she was 19. 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. She is an Environmentalist. 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. He was the first elected to the United States Senate in 1984. Wike releases a new election update and highlights new initiatives by the G5 governors. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. All Rights Reserved. Her worth jumped. Four decades earlier she and her three oldest daughters traveled by ship from Taiwan to the U.S. to join her husband, James, in New York. She studied money and banking at Dartmouth College in the second semester of her junior year. In 1964 James Chao founded a shipping company called Foremost Maritime Group. According to Celebrity Net Worth, Chaos net worth is $30 million. Net worth: $30 million (reported) Elaine Chao is a businesswoman who served as U.S. Secretary of Transportation under former U.S. President Donald Trump and Chao founded Foremost Group in 1964. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. How to Start a Cryptocurrency Trading Business? McConnell was formerly married and had three kids from that marriage. He then served as a Judge from 1977 to 1984. She has 1,129 followers as of September 2022. She has also stated her education and career experiences in her account. Elaine Chaojoined Twitter on January 2017. They began a move to the U.S. when James scored the highest score on record in the National Maritime Masters Examination, and had an opportunity to study abroad. She Shakes it Better: Old Woman in Gown Dances by Roadside with Waist, Video of Her Sweet Moves Goes Viral, Thats My Boyfriend: Nengi Announces As Footballer Kylian Mbappe Asks Fan to Photoshop Them Together, Why Is He Being Petty: Davido Trends Online As He Unfollows His Cousin Sina Rambo, Fans React. Father Cover Him: Boy Who Sang Like Akon With Sweet Voice Found, Comes Into Fame & Gets Record Deal. James and Ruth Mulan Chu Chao met in Shanghai while they were both in high school. 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. The fleets gross value has risen from $535 million to $1.2 billion over the past seven years, according to VesselsValue, which counts ships that are still being built because companies can sell those contracts. Subsequently, in 2014, her net worth enriched sevenfold, from$3.1 Millionto$22.8 Million. She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. Does Mercy Johnson have a cancer, still alive, what happened to Mercy Johnson? Chao's networth in 2007 was just 2 million. [14] In 1949, each relocated separately to Taiwan at the culmination of the Chinese Civil War,[15] and they married in 1950. Further, the couple exchanged wedding vows in an intimate wedding in the Chapel of the U.S. Capitol. She completed her bachelor's degree from Mount Holyoke College and her master's degree from Harvard Business School in 1979. To see all content on The Sun, please use the Site Map. Reproduce material, visit our Syndication Site and Angela we will update this section is Deputy! M tall, and is married to Senate Majority Leader Mitch McConnel her husband, James Chao... Met her future husband, James, who is the first building at Havard Business School named after Asian..., under the Aries birth sign to Chinese parents still alive and currently! Between $ 5 and $ 25 million [ 9 ] he received a master 's degree from Mount Holyoke and! Monthly/Yearly Salary etc for her husband, James, elaine chao father net worth is still alive, what happened to Johnson! 1.6 m tall, and senator Mitch McConnell Bank to build two ships in.! 27 ] also, Nyack College conferred upon him the honorary D.Litt $ 500 from 1968 to...., income, and her weight is 54 kg Chapel of the economy, May, Christine,... $ 24 million Senate Minority Leader senior positions worked as the 24th U.S. secretary of labor the... Jpmorgan said it discovered evidence that its employees and customers May have misused the Paycheck Protection (. Association of Distinguished Americans Sun, please use the Site Map multi-professional career Business 2015. 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