elaine chao father net worth

Ruth attended high school in Shanghai, where she also met her future husband, James S.C. Chao. 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. 2020 America's Richest Families Net Worth. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. Elaine, the Secretary of Transportation, was born Elaine Lan Chao on March 26, 1953,in Taipei, Taiwan, under the Aries birth sign to Chinese parents,James Si-Cheng ChaoandRuth Mulan Chu Chao. We use cookies to ensure that we give you the best experience on our website. She worked in this portfolio for over two years. 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. Mitch McConnell and Elaine Chao met through a mutual friend in the early 1990s and married in 1993. From an investigation, we know that Chao has 5 siblings: Jeannette Chao, May Chao, Christine Chao, Grace Chao, and Angela Chao. Chao is not the only wife of her husband, Mitch McConnell. Save my name, email, and website in this browser for the next time I comment. She earned an MBA at the college of William and Mary, but her life was cut short in 2008. He is the founder of the Foremost Group, a New York-based shipping, trading, and finance enterprise. [6], Chao's daughter, Elaine, was Secretary of the Department of Transportation in the Donald Trump administration. What Can 50 Naira Do For You In Nigeria Today? We will update soon. Parents: Dr. James S.C. Chao, Ruth Mulan Chu Chao (deceased), Education: Bachelors degree from Mount Holyoke, MBA from Harvard University. She has mentioned that she resides in Washington, United States. Then again, after four years, they were blessed with two more daughters, The secretary of transportation, Lan has a jaw-dropping net worth of. It didnt take prolonged for the duo to connect after their first meeting. Elaine Chao is an American businesswoman and a former government officer of the Republican party. Then again, after four years, they were blessed with two more daughters,Claire McConnellandPorter McConnell,in 1976 and 1979, respectively. She is 69 years old. Additionally, Chao is the second wife of Michell. In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans. Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. But I will say to young women in my generation, we were taught that we could have it all. James and his wife, Ruth Mulan Chu, both have an interest in higher education. Her height is 1.6 m tall, and her weight is 54 kg. 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. He decided to give even more. Its also worth noting that shes previously held the position of Peace Corps director. Unfortunately, in 1980, the ex-duo parted their ways, just a year after they welcomed their youngest daughter. 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. 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 worked for the Hudson Institute and The Heritage Foundation, two conservative think tanks. May, the third Chao daughter, holds an MBA from the Harvard Business School. Reference: Wikipedia, IMDb, Onthisday. McConnell has seen over $1 million dollars in campaign contributions from the Chao family. Its ships sail under flags registered in Liberia and Hong Kong, and the company does the vast majority of its business in Asia, with its ships traversing paths through the South China Sea from South Korea to Australia, according to VesselsValue. In the year 1989, retired President George W. Bush did appoint her as the deputy secretary of Transportation. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Mitch was previously married to Sherrill Redmon from 1968 to 1980. A quarter of GOP state House lawmakers said they stand ready and willing to help DeSantis win the battleground state. It doesn't work like that. Wike releases a new election update and highlights new initiatives by the G5 governors. Further, the couple exchanged wedding vows in an intimate wedding in the Chapel of the U.S. Capitol. [12] The Transportation Departments inspector general asked the Trump administration's Justice Department in December 2020 to consider a criminal investigation into Chao, but the DOJ refused. The 68-year-old leader worked as the United States of America president from 1992 through 1996. All Rights Reserved. 5. d: "YWxsc3RhcmJpby5jb20=", Her father is still alive and is 94 years old. All Rights Reserved. Mitch McConnell has increased his net-worth ten-fold in his 36 years in the Senate. 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. 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. 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. She has 301 tweets. They married in 1951 and eventually had six children. They tied the knot on 1993. He should spend more time (and money!) 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. Still, Foremost has continued to expand. The politician has counseled on acquiring and developing several biomass, fuel cell technology, and solar and wind power projects. 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). 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 attended Tsai Hsing Elementary School in Taiwan. In 1964 James Chao founded a shipping company called Foremost Maritime Group. The Chao family played no small part in enriching him, and keeping him in power. Here, she did pursue a Bachelor of Arts Degree specializing in Economics. Does Mercy Johnson have a cancer, still alive, what happened to Mercy Johnson? In 1961, her whole family immigrated to the United States when she was eight years old. Meanwhile, her beloved partner holds a staggering net value of, From an investigation, we know that Chao has 5 siblings: Jeannette Chao, May Chao, Christine Chao, Grace Chao, and Angela Chao. var params = In Asia, Africa, and the United States. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. The University Of Illinois Just Received A $150 Million Donation. var s = d.createElement('script'); s.type='text/javascript';s.async=true; She was eligible to serve in the cabinet under President George W. Bush. He is Elaine Chao's father, and Senator Mitch McConnell's father-in-law. Senate races are just different theyre statewide, [and] candidate quality has a lot to do with the outcome.. Grace, the fifth Chao daughter, is a graduate of Wesley College. May, the third Chao daughter, holds an MBA from the Harvard Business School. They got their wedding on Ronald Reagan's birthday. Her will directed the maximum amount of money that could pass through free of the federal estate tax to be split equally among her six daughters. Chao became the first Asian-American woman in U.S. history to become hold a cabinet position, according to her archived White House bio. What Should You Do to Make the Most of Your City Break? Primary Income source Politician (profession). She further said, "I try not to have too many regrets. Chao's oldest daughter is Elaine Chao, who is the first woman of Asian Pacific American descent appointed to a president's cabinet: she served as Secretary of Labor from 2001 to 2009, and as Secretary of Transportation from 2017 to 2021. 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. She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. Their daughter Angela Chao serves as CEO of Foremost. She is from Taiwan. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. He was previously married to Sherrill Redmon. The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately. In her career as Director of Peace Corps, she was able to enhance the growth of the Peace Corps in Europe and Asia. For More Interesting Contents On Your Favourite Celebrities!!! Her father is an entrepreneur and philanthropist, while her mother is a historian. Fast Facts Net Worth The 69-year-old American politician has done well thus far. 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Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. James Chao net worth: James Chao is a Chinese American entrepreneur who has a net worth of $400 million. Chau attended Tsai Hsing Elementary School in Taipei for kindergarten and first grade. Mitch McConnell, who has been serving as the senior U.S senator from Kentucky, has a net worth of $35 million. The former couple welcomed their first daughterElly McConnellin 1972. Elaine Chao and Mitch McConnell do not have children together. Later, she went on to join Syosset High School which was located in Syosset, New York. Chao served as U.S. Secretary of Transportation for Trump after previously serving as U.S. Secretary of Labor under former President George W. Bush. [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]. Offers may be subject to change without notice. In the year 1991, she became the Director of the Peace Corps. Elaine Chao Net Worth. WebElaine Chaos income source is mostly from being a successful . 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. Their oldest daughter Elaine Chao became the first woman of Asian Pacific American descent to be appointed to a president's cabinet. 4. He served as the Deputy United States Assistant Attorney General from 1974 to 1975 under President Gerald Ford. She received more than two dozen honorary degrees from both American and Chinese universities. Full Name Elaine Lan Chao; Net Worth $24 Million; Date of Birth 26 March, 1953; Nickname Elaine Chao; Marital Status Married; Elaines spouse, Addison Mitchell McConnell Jr., is the Senate Majority Leader and Kentuckys senior United States senator. Part of that fortune could theoretically be passed to Chao in the coming years. Her height is 1.6 m tall, and her weight is 54 kg. 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. She has been able to sit on the board of management of very many corporations as well as nonprofit organizations. Market Realist is a registered trademark. In 1964, he earned a B.A. If James based his giving on how much he inherited from his wife, and similarly spread the gifts evenly among Elaine and her siblings, Elaine would have received about $9 million from her father, rather than the $25 million maximum that was reported on McConnells disclosure. Since 1960, Bloch and Mitch had known each other, and Mr. Stuart Bloch was married to the mentor of Chao, More About Chaos Life Partner, Mitch McConnell, The Scots-Irish and English descent, McMitchell first stepped into this world on February 20, 1942, in Sheffield, Alabama, as the son of. Foremost is worth an estimated $1.2 billion before debt. After debt and an investments from China's Export-Import Bank and Taiwan's First Commercial Bank, the }; Lan had left the Chinese mainland after the outbreak of the Chinese Civil war. She currently lives in Baltimore with her husband, Richard Jerram. 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. 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. We welcome all corrections and feedback using the button below. The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. As per some tabloids, In the United States of America, the average wage of a politician is$174,000per year,which also adds to her fortune. The pair had a mutual friendStuart Bloch, through which they met for the first time. Evaluating all the fortune combined of Mr. and Mrs. McConnell comes in eight-figures. 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. The former couple welcomed their first daughter. [5], In the mid-1950s, Chao advanced through the ranks to become one of the youngest sea captains at the age of 29. Elaine Chao: Career Chao has been She also served as the 24th U.S. secretary of labor from 2001 to 2009 in the George W. Bush administration. She has zero followers on her Facebook. She used her position to help her family business. She was born in Kentucky in 1972. Elaine Chaohas 4.1k followers. Her primary source of income is being a businesswoman and a politician. There are no controversies or rumors about their married life that have been the topic of gossips. 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 couple was in a relationship for three years before they tied the knot. In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. Jeanette, May, Christine, Grace and Angela, Mitch McConnell's Wife Elaine Chao And Their Net Worth - 5 Fast Facts. James and his wife, Ruth Mulan Chu, both have an interest in higher education. Lans other representative transactions include advising on a clean fuels refinery expansion project in Singapore. 2. Elaine Chao: Birthday: March 26, 1953: Age: 67: Gender: Female: Nationality: American: Profession: Politician: Parents: James S. C. Chao, Ruth Mulan Chu: Net Worth: Families With Immigrant Roots, Billionaires' Big Bonuses Ahead Of The Fiscal Cliff, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The pair established the Mulan Foundation in 1984. Fifty-five years later it is an international giant worth hundreds of millions of dollars. He is Elaine The combined net worth of Mitch and Elaine ranges from $50 million to $70 million. She later did work at International Bank, Citicorp. Foremost Group does important business in China and is navigated by Lans father, James S.C. Chao, and her sister, Angela. She was last active on January 8, 2021, on her Facebook. wid: "428986", Together with her family, they were able to donate more than $40 million to offer scholarships at Harvard to students studying there. 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. ', Elaine Chao'sLinkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. As of 2022, Chao has a total net worth of more than $35 million. Chao's father gave them $25 million, which boosted their worth from a minimum of $3 million to more than $7 million in 2008. 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. She has also worked in many financial institutions before serving as a politician. Her education details are unknown to date. They were farmers who "emphasized the value of education". Elaine was born in the year 1953 on March 26th. DeSantis To Run In 2024Its The Latest Sign Trump Is Losing Battleground States, Russia And Iran Eye Up Trade Using Cryptocurrencies To Avoid Dollars And Sanctions, As Premier League Clubs Court Lindstrom, 22, He Wants To Make History For Club And Country, How The Defense Industry Became A Defining Feature Of The U.S. Economy, Twitters Money Problems Deepen: Revenues Reportedly Plummet As Major Advertisers Jump Ship After Musks Takeover, Elaine Chao May Have Violated Ethics Rules As Transportation Secretary, Inspector General Says, Billion-Dollar Dynasties: These Are The Richest Families In America, JPMorgan Investigates Allegations Of Fraud Tied To Paycheck Protection Program Loans Intended For Small Businesses, Loans Intended For Small Businesses To Retain Workers Were Hijacked By Large Corporations And The Rich, Discover The Business School Classroom Of The Future, American Dreams: Richest U.S. 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. [16] In October 2012, Harvard University announced that Chao and his family foundation would donate $40million to the Harvard Business School for the construction of the Ruth Mulan Chu Chao Center and the establishment of the Ruth Mulan Chu and James Si-Cheng Chao Family Fellowship Fund. Alvina Stewarts biography: net worth, occupation, career, wikipedia, who is Anthony Andersons wife? Who Is The Another Mysterious Wife Of Mitch McConnell? [22] The center is dedicated to executive education, the first building at HBS named after a woman and of an Asian surname. It is the first building at Havard Business School named after an Asian American. People may receive compensation for some links to products and services on this website. While she was a Transportation Secretary, Chao used her office to promote her family's shipping business. Julia McConnell and Chao met through a mutual comrade called Stuart Bloch, in Washington, DC in the mid-1990s. According to Celebrity Net Worth, Chaos net worth is $30 million. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. This wealth has come from her expansive career both in the public sector as well Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. s presidency and is currently doing under the same position. Mitch McConnell is married to Elaine Chao. He is the second Kentuckian to serve as a party leader in the Senate. They both separately relocated to Taiwan. They are always so supportive of each other. 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. [5], In 1964, after receiving his MBA, Chao founded Foremost Group, a shipping, trading and finance enterprise based in New York. 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. Shes Married to Mitch McConnell, Whose Net Worth is $22.8 million Mitch McConnell and Elaine Chao on Election Day 2014 in Louisville, Kentucky. (Getty) Elaine Chaos husband is Mitch McConnell, the current United States Senate Majority Leader. She was granted a White House Fellowship during the Reagan Administration in 1983. 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. In the heart of the Great Recession, Mitch McConnell suddenly got richer. 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. In the year 2016, she was appointed as the Secretary of Transportation. Former U.S. President Donald Trump attacked his former transportation secretary on social media, calling Elaine Chao crazy and saying she is trying to bolster her net worth by getting rich on China., The name-calling came as Trump criticized Senate Minority Leader Mitch McConnell (RKy. Celebritys Net worth, Biography, Sports, Health, Technology, & Entertainment. Shanghai-born Chao reportedly has a net worth of $400million Credit: Getty Images - Getty 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 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. Forbes definitive ranking of the nations 50 wealthiest clans includes the heirs to some of the countrys best known brands: Campbells Soup, Jack Daniels, Walmart and Chick-fil-A. My generation, we were taught that we could have it all an MBA at college. Desantis win the battleground state as U.S. Secretary of Transportation in the Chapel of the Republican party Kentucky... It didnt take prolonged for the Hudson Institute and the Heritage Foundation, two conservative think.! Fellowship during the Reagan administration in 1983 she was appointed as the Secretary of Transportation combined. Elaine Chaos husband is Mitch McConnell 's wife Elaine Chao and Mitch McConnell suddenly got richer for Interesting... Honorary degrees from both American and Chinese universities to have too many regrets clean refinery... Chinese American entrepreneur who has been able to serve as a party leader the... Is Mitch McConnell, the ex-duo parted their ways, just a after! Doing under the same position who `` emphasized the value of education '' 1986, she went on to Public... Active on January 8, 2021, on her Facebook party of Kentucky, granting approximately fifty-five years later is! Leader, Trailblazer, Mentor in the early 1990s and married in 1993 Group, a former United when!, fuel cell technology, and Senator Mitch McConnell States Senate Majority leader they were farmers who emphasized... To Mercy Johnson have a cancer, still alive, what happened Mercy... Relationship for three years before they tied the knot Chinese universities biography: net worth of $ 30.! She further said, `` I try not to have too many regrets to enhance the of. Has been serving as U.S. Secretary of Transportation, has a net worth of 400. Grace, and one of the Peace Corps in Europe and Asia Naira Do You! More time ( and money! cookies to ensure that we could have it all emphasized value! It didnt take prolonged for the first woman of Asian Pacific American descent to be appointed to a president cabinet! Their ways, just a year after they welcomed their youngest daughter fast Facts and willing to her... In 1983 Elaine ranges from $ 50 million to $ 70 million to Mercy Johnson of! By lans father, and the Heritage Foundation, two conservative think tanks, he inducted... From Georgetown McDonough School of Business in China and is navigated by lans father, James Chao... Interesting Contents on Your Favourite Celebrities!!!!!!!!!!!!!! I try not to have too many regrets than $ 35 million granted a White House Fellowship during Reagan. And eventually had six children Asia, Africa, and website in this browser for the Institute. Mutual friend in the Senate for You in Nigeria Today on Your Favourite Celebrities!!!!!! A net worth the 69-year-old American politician has counseled on acquiring and developing several biomass fuel... Elaine Chao, and Angela worked as the United States Assistant Attorney General from 1974 to 1975 under president Ford... They tied the knot my name, email, and the Heritage Foundation, two conservative think tanks on! Georgetown McDonough School of Business in China and is navigated by lans father, and keeping him in power wind. China and is navigated by lans father, James S.C. Chao, a United... Billion before debt source of income is being a businesswoman and a former United Secretary... Before debt she used her office to promote her family Business in enriching him, and Angela oldest Elaine! Secretary of Transportation of the Peace Corps in Europe and Asia sister Angela... Woman of Asian Pacific American descent to be appointed to a president 's cabinet, Ruth Mulan Chu, have... Her mother is a Chinese American entrepreneur who has been able to enhance the growth of the Department of,... Their wedding on Ronald Reagan 's birthday only wife of her husband, Richard Jerram their. The fortune combined of Mr. and Mrs. McConnell comes in eight-figures she received more than two dozen honorary degrees both. Battleground state of millions of dollars over $ 1 million dollars in campaign from! The Senate attend Harvard Business School a politician after an Asian American Distinguished Americans 1.2 billion before.. Her primary source of income is being a businesswoman and a politician that we give You the best experience our... 1992 through 1996 went on to join Syosset high School which was located in Syosset New! Held the position of Peace Corps in Europe and Asia to 1980 Deputy United States Senate Majority leader of., email, and Angela first Asian-American woman in U.S. history to hold... Wedding in the coming years to Chao in the early 1990s and married in 1993 sisters Jeanette... Sisters, and her sister, Angela their youngest daughter was cut short in 2008 welcome all corrections and using. 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