Primary Income source Politician (profession). She is the eldest among all her sisters, Jeanette, May, Christine, Grace, and Angela. 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. She has 301 tweets. She completed her master's from the University of Michigan and her bachelor's from Williams College. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. In 2004, the net worth of Elaine was$3.1 Million as per the Washington Post. { Chao married U.S. 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. He has also received some worth from his family and inheritance. 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. Elaine Chao: Birthday: March 26, 1953: Age: 67: Gender: Female: Nationality: American: Profession: Politician: Parents: James S. C. Chao, Ruth Mulan Chu: Net Worth: She is active on Instagram and appears to be a free spirit. WebMcConnell has received millions of dollars in political contributions from members of the Chao family and over 10 years ago his father-in-law gave him a personal gift of between $5 million and $25 million that literally quadrupled his net worth overnight. 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 whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately $525,000over two decades. Mitch McConnell is married to Elaine Chao. 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. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. Chao has the official government website page and mentions her official page on her account. In the year 1979, she was able to graduate with an MBA degree. Lan had left the Chinese mainland after the outbreak of the Chinese Civil war. In 1964 James Chao founded a shipping company called Foremost Maritime Group. 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 completed her bachelor's degree from Mount Holyoke College and her master's degree from Harvard Business School in 1979. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. Eliane was a vice president for syndications at Bank of America Capital Market Group from 1984 to 1986 and an International Banker at Citicorp for four years from 1979 to 1983. She now works at an international educational and research institution, and is married to Gordon Hartogensis. CAST: Reese Witherspoon, Ashton Kutcher, Jesse Williams, Zo Chao, Welsey Kimmel, Griffin Matthews, Rachel Bloom, Shiri Appleby, Vella Lovell, with Tig Notaro and Steve Zahn. He is the second Kentuckian to serve as a party leader in the Senate. 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 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. In the year 2016, she was appointed as the Secretary of Transportation. 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 According to Trend Celebs Now, Elaine Chaos estimated Net Worth, Salary, Income, Cars, Lifestyles & much more details has been updated below. Being born on 26 March 1953, Elaine Chao is 67 years old as of todays date 24th January 2021. Secretary of Transportation Elaine Chao currently serves the United States. Mitch McConnell has increased his net-worth ten-fold in his 36 years in the Senate. 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. 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. Her father moved to the U.S. on a scholarship and saved up for has 4.1k followers. Similarly, she is the first Asian-American woman in the history of the United States to be nominated in the Presidents Cabinet. After completing her high school studies. JPMorgan said it discovered evidence that its employees and customers may have misused the Paycheck Protection Program (PPP) for their own benefits. 2. VesselsValue calculates the price of each ship by factoring in qualities like its size and age combined with present market conditions. 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. After landing in the US he enrolled in college, eventually graduating from St. John's University, Queens with a master's degree. About Chao family. This wealth has come from her expansive career both in the public sector as well in the corporate world. Moreover, he is the longest-serving Republican U.S. Senate leader in history and was elected to the Senate for the first time In 1984. Later in 1975, she graduated from Mount Holyoke College, Massachusetts, with a Bachelor of Arts degree in Economics. Her father is an entrepreneur and philanthropist, while her mother is a historian. Ruth attended high school in Shanghai, where she also met her future husband, James S.C. Chao. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. McConnell has seen over $1 million dollars in campaign contributions from the Chao family. 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. Chao, who immigrated to America with her daughters on a freighter, earned a masters degree late in life, and quietly gave all of her time to family and philanthropy, passed away on August 2, 2007 after a long battle with lymphoma, leaving behind six daughters and a husband who all miss her very much., This is a BETA experience. This abundance has come from her broad profession Also, Chao was appointed as Secretary of Transportation on January 31, 2017, underDonald Trumps presidency and is currently doing under the same position. We have estimated Elaine Chao's net worth, money, salary, income, and assets. 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. According to shipping database VesselsValue, Foremosts 33-ship fleet is worth $1.2 billion today before factoring in debt. [27] Also, Nyack College conferred upon him the honorary D.Litt. Today the school operates the Ruth Mulan Chu Chao Center. to Harvard Business School in 2012 for scholarships for students of Chinese heritage and the Ruth Mulan Chu Chao Center. 31 INSPIRING INTERNATIONAL MENS DAY 2022 QUOTES TO HONOUR THE GUYS IN YOUR LIFE. She lost her mother on August 2, 2007. Elaine Chao is an American businesswoman and a former government officer of the Republican party. Bloch received McConnell to a candlelit supper with Chao. The Taiwan-born Republican resigned from her post on January 7, 2021, after saying the storming of the US Capitol made her feel deeply troubled. Senator Mitch McConnell in 1993 Elaine Chao Net Worth Elaine Chao net worth is estimated $24 million Federal financial disclosures list assets in wide ranges. Majority of Elaines money comes from being a politician. 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. Whos Her Boyfriend. Does Mercy Johnson have a cancer, still alive, what happened to Mercy Johnson? Her primary source of income is being a businesswoman and a politician. Before this, the Southern Baptist Mitch was in marital bond with, in 1968. She served as Secretary of Labour under the presidency of George W. Bush from January 29, 2001, through January 20, 2009. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. The pair married in 1951 and began their family. Fifty-five years later it is an international giant worth hundreds of millions of dollars. In her career as Director of Peace Corps, she was able to enhance the growth of the Peace Corps in Europe and Asia. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. Still, Foremost has continued to expand. Elaine Chao was born on March 26, 1953, in Da'an District, Taipei, Taiwan. Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. 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. Porter works as an assistant professor of history at Frostburg State Univeristy in Maryland. We will update Family, Sibling, Spouse and Childrens information. Senate races are just different theyre statewide, [and] candidate quality has a lot to do with the outcome.. as per the Washington Post. 3. Grace, the fifth Chao daughter, is a graduate of Wesley College. 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. She worked for the Hudson Institute and The Heritage Foundation, two conservative think tanks. Hes known to tell individuals, Individuals comment that Im in a blended marriage. She was dedicated to the Ruth Mulan Chu Chao Center by Hardware Business School in 2016. Previously, she also served as the United States Secretary of Labour for eight years from 2001 through 2009 under the presidency ofGeroge W. Bush. The most recent is a Doctor of Humane Letters degree from Georgetown University. WebBeing born on 26 March 1953, Elaine Chao is 67 years old as of todays date 24th January 2021. Mitch was previously married to Sherrill Redmon from 1968 to 1980. Chao was on the board of directors of several corporations. Serving in numerous honorable positions for more than four decades, Mitch has successfully stockpiled millions of dollars as his net worth. Nick Lachey biography: net worth, age, wife, wikipedia , children, movies and tv shows. 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. 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. Her parents were Ruth Mulan Chu Chao and James Si-Cheng Chao. 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 and his wife, Ruth Mulan Chu, both have an interest in higher education. WebElaine Chao is a Taiwanese-American businesswoman and politician who has a net worth of $30 million. 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. As the minority leader, he received a salary of $193,400 per year. She is a Democrat and activist. His son-in-law, Elaine's husband, is Senator Mitch McConnell. 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. Forbes has since obtained a copy of Ruth Chaos will and supplementary documents, and is unveiling their contents for the first time. Mitch McConnell and Elaine Chao met through a mutual friend in the early 1990s and married in 1993. Foremost is worth an estimated $1.2 billion before debt. The rest was for her husband, James, who is still living today, at age 91. An American Transportation Departments inspector generals headquarters investigated former Transportation Secretary Elaine for possible violations of ethics rules and misuse of her position and its news went public this week. [16][17] Ruth Mulan Chu Chao died on August 2, 2007. d.getElementById("contentad428986").appendChild(s); In Asia, Africa, and the United States. [5], In the mid-1950s, Chao advanced through the ranks to become one of the youngest sea captains at the age of 29. She has been able to study money and banking at Dartmouth College. Further, the couple exchanged wedding vows in an intimate wedding in the Chapel of the U.S. Capitol. She has zero followers on her Facebook. To inquire about a licence to reproduce material, visit our Syndication site. She was eligible to serve in the cabinet under President George W. Bush. 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. [22] The center is dedicated to executive education, the first building at HBS named after a woman and of an Asian surname. Father Cover Him: Boy Who Sang Like Akon With Sweet Voice Found, Comes Into Fame & Gets Record Deal. Seventeen of America's wealthiest families owe their fortunes to an industrious immigrant. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. In 2022, he won the Europa League with Eintracht Frankfurt, scored the club's first Champions League goal, and played for Denmark at the World Cup in Qatar. 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. [6] In 2004, Chao was inducted into the International Maritime Hall of Fame at the United Nations in recognition of his long-standing service and dedication to the international maritime trading industry. If Foremost Group has a total debt ratio of, say, 50%, the equity in the company would be worth roughly $600 million. In the past year, some ships have stopped in Oregon, Virginia and Louisiana, according to global ship-tracking database MarineTraffic. 2023 Celebrity Net Worth / All Rights Reserved. She is from Taiwan. Elaine Chao: Career Chao has been Today the company operates a fleet of 33 ships. Her worth jumped. 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. Walshe is charged with assault with intent to murder his wife, Ana Walshe. Win McNamee/Getty Images Since that time, the personal fortune of McConnell and Chao has 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. She completed her master's in business administration from Harvard Business School in 1979. Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. She currently lives in Baltimore with her husband, Richard Jerram. 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. Here, she did pursue a Bachelor of Arts Degree specializing in Economics. 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. Scrolling down social sites, we found that Elaine Lan Chao is Co-Partner-in-Charge of the Singapore office of Gibson, Dunn & Crutcher LLP. James and his wife Ruth Mulan Chu established the Mulan Foundation in 1984. They both separately relocated to Taiwan. Since then, the American politician had been re-elected five more times. wid: "428986", [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. She attended Tsai Hsing Elementary School in Taiwan. Part of that fortune could theoretically be passed to Chao in the coming years. View our online Press Pack. Soon after the divorce, Redmon was appointed as the Sophia Smith Collection director and became a feminist scholar at Smith College. He should spend more time (and money!) 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. WebLike many famous people and celebrities, Elaine Chao keeps her personal life private. Her mother, Ruth, was a historian and the matriarch of a Chinese-American philanthropic family. Her father started his career as a merchant mariner. 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