She worked for the Foremost group for more than 10 years, before moving on to work for the New York State Consumer Protection Board. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. Jeanette, May, Christine, Grace and Angela, Mitch McConnell's Wife Elaine Chao And Their Net Worth - 5 Fast Facts. Her father started his career as a merchant mariner. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. What Can 50 Naira Do For You In Nigeria Today? Foremost is worth an estimated $1.2 billion before debt. 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. Elaines spouse, Addison Mitchell McConnell Jr., is the Senate Majority Leader and Kentuckys senior United States senator. 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. She received a White House Fellowship in the year 1983. He was the first elected to the United States Senate in 1984. 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. degree from Niagara University in 1992. 'https' : 'http'; People may receive compensation for some links to products and services on this website. 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. Her Twitter bio says, 'Elaine Chao served as the 18th U.S. Secretary of Transportation. The case was referred to the Justice Department in December, but the agency did not pursue charges. 5. She is now one of the wealthiest politician people in the United States. 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 Taiwan-born Republican resigned from her post on January 7, 2021, after saying the storming of the US Capitol made her feel deeply troubled. 2020 America's Richest Families Net Worth. She has been able to be awarded 36 honorary doctorates. His son-in-law, Elaine's husband, is Senator Mitch McConnell. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. He is the father of former US Secretary of Transportation Elaine Chao and the father-in-law of Senator Mitch McConnell. Later in 1975, she graduated from Mount Holyoke College, Massachusetts, with a Bachelor of Arts degree in Economics. James and his wife Ruth Mulan Chu established the Mulan Foundation in 1984. She has admitted to having regrets about not conceiving. After three years, the romantic couple married in 1993 on Regans Birthday. Meanwhile, her beloved partner holds a staggering net value of$22.5 Million. Unfortunately, in 1980, the ex-duo parted their ways, just a year after they welcomed their youngest daughter. 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. Fifty-five years later it is an international giant worth hundreds of millions of dollars. He faces reelection in the upcoming 2020 election. 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. 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. The pair married in 1951 and began their family. 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. Businesswoman, former U.S. Secretary of Transportation, former U.S. Secretary of Labor. She earned an MBA at the college of William and Mary, but her life was cut short in 2008. Chao's networth in 2007 was just 2 million. She is active on Twitter. Lets check, How Rich is Elaine Chao in 2019-2020? also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. And Angela, the youngest of the Chao daughters, works in investment banking. He is the father of former US Secretary of Transportation Elaine Chao and the father-in-law of Senator Mitch McConnell. 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. When she was eight years old, together with her family. 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. That was $2 million in 2007. She is currently General Counsel of the Foremost Group. Required fields are marked *. Foremost is worth an estimated $1.2 billion before debt. James and his wife, Ruth Mulan Chu, both have an interest in higher education. Further, he has been actively toiling in various governmental positions since 1975. Your email address will not be published. WebElaine Chaos income source is mostly from being a successful . 31 INSPIRING INTERNATIONAL MENS DAY 2022 QUOTES TO HONOUR THE GUYS IN YOUR LIFE. A quarter of GOP state House lawmakers said they stand ready and willing to help DeSantis win the battleground state. A member of the Republican Party as likeChuck Grassley,also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. 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. Elaine Chao and Mitch McConnell do not have children together. Her worth jumped. The 12th Director of the Peace Corps, Elaine and the U.S. Senate Majority Leader, McConnell, met in the early 1990s in Washington, DC. She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. Bloch received McConnell to a candlelit supper with Chao. According to his 2009 financial disclosure, while other senators fortunes were falling, McConnells jumped, thanks to a multimillion-dollar gift from his father-in-law, James Chao, to him and his wife, Elaine Chao, who now serves as President Trumps Secretary of Transportation. 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. Chao is the first winner of the Chinese American Academic and Professional Society Distinguished Lifetime Achievement Award (2004). Successful businessman Dr. James S.C. Chao is her Father. Likewise, in 1979, she received an MBA degree from Harvard Business School and a Doctor of Human Letters Degree from Georgetown University and other 37 Honorary Doctorates. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. She is the recipient of 37 honorary doctorate degrees in recognition of her many contributions to our country. At the climax of the Chinese Civil War, Chao's ship went to Taiwan, where it remained. All Rights Reserved. To see all content on The Sun, please use the Site Map. [6][7] He moved to the United States in 1958, settling in New York City the same year. [11] On March 4, 2021, the DOT Inspector General revealed that Chao had directed her DOT staff to edit the Wikipedia article about her father. She currently lives in Baltimore with her husband, Richard Jerram. Elaine Chao was born in Taiwan to her father, James S. C. Chao, and mother, Ruth Mulan Chu Chau. Their daughter Angela Chao serves as CEO of Foremost. Nevertheless, Elaine shares three children from her husbands previous marriage. U.S. Government To Hit Debt Ceiling On Thursday - What Happens Next. Mitch McConnell has increased his net-worth ten-fold in his 36 years in the Senate. [25] He was awarded the "Ellis Island Medal of Honor" (2005). The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. and shares three kids from her spouses previous marriage. Elaine, the Secretary of Transportation, was born Elaine Lan Chao on. They both separately relocated to Taiwan. Since 2012, the companys fleet has grown from 17 to 33 ships, including 14 currently under commission from shipyards in Japan and China. The Chao family played no small part in enriching him, and keeping him in power. [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. Her height is 1.6 m tall, and her weight is 54 kg. 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. The 68-year-old leader worked as the United States of America president from 1992 through 1996. So, I try to counsel young women; regardless of whether they want it, there are trade-offs and sacrifices in life.". Later in 1964, he founded his own company named Foremost Maritime Corporation in New York City, which developed in the Foremost Group. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. She has mentioned that she resides in Washington, United States. She is currently General Counsel of the Foremost Group. d: "YWxsc3RhcmJpby5jb20=", 1. 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. They were farmers who "emphasized the value of education". But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. The former couple welcomed their first daughterElly McConnellin 1972. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. 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. [21] In 2010, the Museum of Chinese in America honored Chao with its inaugural Outstanding Achievement Award for the Chao Family; the first time ever such an honor has been awarded in its 130 years history. 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. After their divorce, Mitch got custody of all his daughters. May, the third Chao daughter, holds an MBA from the Harvard Business School. Mitch McConnell is married to Elaine Chao. 2. 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. The gift was worth between $5 and $25 million [9]. I think theres probably a greater likelihood the House flips than the Senate, the senator from Kentucky said, per The Washington Post. 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