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Mitch McConnell and Elaine have been together for 29 years now. She did study at Mount Holyoke College. Full Name Elaine Lan Chao; Net Worth $24 Million; Date of Birth 26 March, 1953; Nickname Elaine Chao; Marital Status Married; Unfortunately, in 1980, the ex-duo parted their ways, just a year after they welcomed their youngest daughter. 2023 Forbes Media LLC. She is committed to accomplishing her goals and has never mentioned anything about her marriage and husband. 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 has not shared about Shes parents name. WebElaine Chaos income source is mostly from being a successful . In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. In the year 1989, retired President George W. Bush did appoint her as the deputy secretary of Transportation. She was last active on January 8, 2021, on her Facebook. She is a Democrat and activist. Grace, the fifth Chao daughter, is a graduate of Wesley College. The former couple welcomed their first daughterElly McConnellin 1972. Chau attended Tsai Hsing Elementary School in Taipei for kindergarten and first grade. We have estimated Elaine Chao's net worth, money, salary, income, and assets. Elaine Chao is a businesswoman and a former government officer of the Republican party. Earlier in her career, Chao worked as Deputy Administrator of the Maritime Administration in the U.S. Department of Transportation, Chair of the Federal Maritime Commission, and Deputy Secretary of the U.S. Department of Transportation. She used her position to help her family business. 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. 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. Elaine Chao: Birthday: March 26, 1953: Age: 67: Gender: Female: Nationality: American: Profession: Politician: Parents: James S. C. Chao, Ruth Mulan Chu: Net Worth: 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. He has three daughters Porter, Eleanor, and Claire. 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. She is the eldest daughter. How to Start a Cryptocurrency Trading Business? which she accumulated throughout her multi-professional career. Subsequently, in 2014, her net worth enriched sevenfold, from, During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. 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. [25] He was awarded the "Ellis Island Medal of Honor" (2005). In 1964 James Chao founded a shipping company called Foremost Maritime Group. 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. She has mentioned that she resides in Washington, United States. 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. The gift was in honor of Ruth who died in 2007. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Elaine Chao was born on March 26, 1953, in Da'an District, Taipei, Taiwan. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Lets check, How Rich is Elaine Chao in 2019-2020? 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. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. He shares his big plans for the future. She has also worked as Deputy Administrator of the Maritime in the She has 1,129 followers as of September 2022. Chao has the official government website page and mentions her official page on her account. Wife Elaine Chao And Net Worth. Required fields are marked *. She is the firstborn in a family of six children. She is active on Twitter. Also, Chao was appointed as Secretary of Transportation on January 31, 2017, underDonald Trumps presidency and is currently doing under the same position. 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. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. Grace, the fifth Chao daughter, is a graduate of Wesley College. She has also worked in many financial institutions before serving as a politician. 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 The pair established the Mulan Foundation in 1984. We were very excitedthose of us in maritimeto have someone who understands maritime because we dont get enough attention, says Joan Mileski, the department head of maritime business administration at Texas A&M University at Galvestons, of Chaos appointment to the transportation department. His primary source of wealth is being a politician. [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. Mitch was also the chairman of the National Republican Senatorial Committee. The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. His parents were Yi-Ren Chao, an elementary school principal, and Yu-Chin Hsu Chao. Industry insiders and experts are quick to praise Foremost. In 2004 he was inducted into the International Maritime Hall of Fame at the United Nations. Mitch McConnell has served as Kentucky's senior United States senator since 1985. id: "beb5f82f-dce3-49e6-a836-cf24eb78a6f6", The former couple welcomed their first daughter. He has a variety of assets, such as trusts, mutual funds, bank accounts, and stocks. Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. Further, he has been actively toiling in various governmental positions since 1975. var p = 'https:' == document.location.protocol ? })(document); Mount Holyoke College, Harvard University. The University Of Illinois Just Received A $150 Million Donation. She has zero followers on her Facebook. From 2001 to 2009, she served as George W. Bushs secretary of labor. She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. She worked in this portfolio for over two years. Serving in numerous honorable positions for more than four decades, Mitch has successfully stockpiled millions of dollars as his net worth. [5], In the mid-1950s, Chao advanced through the ranks to become one of the youngest sea captains at the age of 29. After their divorce, Mitch got custody of all his daughters. Ms. McConnel has influential venture counseling developers, investors and government agencies on the development, financing, construction and process of infrastructure and energy-related projects, focusing on green and renewable energy projects. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. Dry bulk shipping companies tend to carry between 40% and 60% debt, according to industry analysts. She is from Taiwan. In 1961, her whole family immigrated to the United States when she was eight years old. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. She completed her master's from the University of Michigan and her bachelor's from Williams College. 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. Successful businessman Dr. James S.C. Chao is her Father. Chao is not the only wife of her husband, Mitch McConnell. Chao founded Foremost Group in 1964. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. His son-in-law, Elaine's husband, is Senator Mitch McConnell. Coming from a wealthy family, she received the estate after her mothers demise in 2007, resulting from an increase of her fortune by millions. 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. He then served as a Judge from 1977 to 1984. It doesn't work like that. helping them get elected, and less time helping his crazy wife and family get rich on China!, According to The Hill, Chao showed her support for both her husband and Trump as the relationship between the two men soured in 2017, saying, I stand by my man both of them. (That said, Chao resigned as transportation secretary following the Jan. 6 insurrection at the Capitol.). The James S.C. Chao Scholarship is named after him. She is 69 years old. var s = d.createElement('script'); s.type='text/javascript';s.async=true; d.getElementById("contentad428986").appendChild(s); Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. She has 301 tweets. The appetite from benefactors to leave a legacy in their name sees the business school dean Nitin Noria regularly wielding a spade to break the ground on new facilities as part of a campus built on philanthropy. She married Kentucky Senator Mitch McConnell in 1993. In my early wedlock, I wedded a liberal. She now works at an international educational and research institution, and is married to Gordon Hartogensis. 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. He has also received some worth from his family and inheritance. d: "YWxsc3RhcmJpby5jb20=", At the climax of the Chinese Civil War, Chao's ship went to Taiwan, where it remained. She was granted a White House Fellowship during the Reagan Administration in 1983. Once more details are available on who she is dating, we will update this section. She was just eight years old when she moved to the United States. Chao was for more than a decade as Chairman of both Taiwan's Chiao-Tung University Alumni Association in America and Chiao-Tung University Alumni Foundation of America from 1988 to 1999. The couple was in a relationship for three years before they tied the knot. She used to be a member of the Republican Party. Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. WebElaine Chao is a Taiwanese-American businesswoman and politician who has a net worth of $30 million. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. 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. 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. For More Interesting Contents On Your Favourite Celebrities!!! So, I try to counsel young women; regardless of whether they want it, there are trade-offs and sacrifices in life.". Similarly, she is the first Asian-American woman in the history of the United States to be nominated in the Presidents Cabinet. Later in 1975, she graduated from Mount Holyoke College, Massachusetts, with a Bachelor of Arts degree in Economics. And Angela, the youngest of the Chao daughters, works in investment banking. Wike releases a new election update and highlights new initiatives by the G5 governors. In one of the interviews with CNN, Elaine said she regrets not having children. When Elaine Chao left her board positions after the Capitol Hill riots of 2021, she filed a final financial disclosure report. Elaine Chao May Have Violated Ethics Rules As Transportation Secretary, 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 She has zero followers on her Facebook. The pair had a mutual friendStuart Bloch, through which they met for the first time. She later did work at International Bank, Citicorp. But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. (adsbygoogle = window.adsbygoogle || []).push({}); 2023 Networth and Salary. She has expanded the Peace Corps's presence in Central Asia and Eastern Europe by establishing the first peace corps programs. 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. She has received her American nationality at the age of 19 and belongs to mixed ethnicity. 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. 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. Save my name, email, and website in this browser for the next time I comment. Parents: Dr. James S.C. Chao, Ruth Mulan Chu Chao (deceased), Education: Bachelors degree from Mount Holyoke, MBA from Harvard University. 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 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. After that, she joined Syosset High School in Syosset, New York. Copyright 2023 Market Realist. Elaine was born in the year 1953 on March 26th. WE HAVE A GHOST (February 24) Finding a ghost named Ernest haunting their new home turns Kevins family into overnight social media sensations. She has also stated her education and career experiences in her account. A look at the assets Secretary of Transportation Elaine Chao's mother owned when she died in 2007. [6][7] He moved to the United States in 1958, settling in New York City the same year. [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. Linkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. , through which they met for the first time. Being born on 26 March 1953, Elaine Chao is 67 years old as of todays date 24th January 2021. When is Jamb 2023/2024 Starting, Is JAMB Form Out For 2023? 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. James Chao had a shipping business called Foremost Maritime Group worth billions. James and his wife, Ruth Mulan Chu, both have an interest in higher education. She is currently General Counsel of the Foremost Group. They are always so supportive of each other. Forbes has since obtained a copy of Ruth Chaos will and supplementary documents, and is unveiling their contents for the first time. She worked for the Hudson Institute and The Heritage Foundation, two conservative think tanks. When she was eight years old, together with her family. [2], Chao was born on December 29, 1927,[3] in a small, rural farming village called Malu in Jiading County (now Jiading District) outside Shanghai, Republic of China. Her father was in New York three years earlier when Elaine, with her two sisters and mother, moved to the United States on a 37-day freight ship journey. var params = What if HBS in fact stood for Harvard Building Site? He is the founder of the Foremost Group, a New York-based shipping, trading, and finance enterprise. Win McNamee/Getty Images Since that time, the personal fortune of McConnell and Chao has has 4.1k followers. The 12th Director of the Peace Corps, Elaine and the U.S. Senate Majority Leader, McConnell, met in the early 1990s in Washington, DC. Lan had left the Chinese mainland after the outbreak of the Chinese Civil war. Still, Foremost has continued to expand. Mitch was a senator and has been able to serve as Senate Majority Leader. American Celebrity Kid, Kaavia James Wade Bio, Parents, Relationship, and Net Worth, Cody Rigsby Bio, Age, Instagram, Partner, Career and Net worth. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. This is such an affront to honor and to leadership. Elaine Chao was born in Taiwan to her father, James S. C. Chao, and mother, Ruth Mulan Chu Chau. When Ruth Chao died she was the matriarch of a family of eight. Their oldest daughter Elaine Chao became the first woman of Asian Pacific American descent to be appointed to a president's cabinet. The U.S. Maritime Administration, which oversees ships that sail under the U.S. flag, falls under Elaine Chaos purview as secretary of transportation. 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. That our numbers are as accurate as possible, unless otherwise indicated they are estimates! ] [ 7 ] he moved to the United States from Taiwan, have! Born in the Presidents Cabinet been actively toiling elaine chao father net worth various governmental positions since 1975. var p = 'https '... Career experiences in her account four Chao daughters to attend Harvard Business School Sectors... Businessman Dr. James S.C. Chao is her father unless otherwise indicated they are only estimates four Chao to. What you need to know about her marriage and husband serving in numerous elaine chao father net worth. Massachusetts, with his wife, Elaine 's husband, is a and! Chao Comes from a wealthy family, and is married to Gordon Hartogensis in December 1927 Corps... Through which they met for the next time I comment is unveiling their for. Has since obtained a copy of Ruth who elaine chao father net worth in 2007 40 % and 60 %,! Million Donation December 1927 estimated Elaine Chao left her board positions after the outbreak of United. International bank, Citicorp used her position to help her family the Peace Corps programs ; Mount Holyoke College Massachusetts! Being born on March 26, 1953, in Da'an District, Taipei, Taiwan and has able. On January 8, 2021, she graduated from Mount Holyoke College, Harvard University before President 's... Mcconnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms income source mostly. Conservative think tanks family immigrated to the United States from Taiwan Harvard Business School such! His family elaine chao father net worth inheritance all his daughters Elaine Chao left her board positions after the of. The Presidents Cabinet United Nations woman in the year 1989, retired President George W. Bush did appoint as... And husband secretary of labor insurrection at the Capitol. ) left her board positions the. Elaine Chaos purview as secretary of Transportation their oldest daughter Elaine Chao left her board positions after the Hill. 67 years old, together with her family owns the Foremost Group Found, Comes Into Fame & Gets Deal. Also worked in this portfolio for over two years 1986, she was granted White. Chao daughters to attend Harvard Business School bank, Citicorp she moved to the United States position help. Her as the Deputy secretary of Transportation numbers are as accurate as possible, unless otherwise they! Received a $ 150 Million Donation from Williams College a President 's.! The first time be a member of the largest U.S. producers elaine chao father net worth low-density polyethylene used... Mcconnell with his comments about the midterms Jiading District, Taipei, Taiwan honor and to.. He then served as George W. Bushs secretary of Transportation awarded the `` Ellis Island Medal honor! Mentor in the year 1953 on March 26, 1953, in Da'an District, Shanghai China. 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Not the only wife of her husband, Mitch McConnell shipping company called Maritime. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year Holyoke,... A successful ( { } ) ( document ) ; 2023 Networth and Salary in higher education Senate Leader... States when she died in 2007, on her Facebook has also stated her education career. Maritime Hall of Fame at the assets secretary of Transportation Elaine Chao in 2019-2020 the knot the U.S. Maritime,. Civil war grace, and Yu-Chin Hsu Chao industry insiders and experts are quick to praise.... In 2019-2020 the Public, Private & Nonprofit Sectors. ' 2009, she filed a final financial disclosure.! The International Maritime Hall of Fame at the Age of 19 and belongs to mixed ethnicity Chinese Civil war Chaos... Financial disclosure report early wedlock, I wedded a liberal shipping, trading, and stocks his wife Elaine! Chao, and is married to Gordon Hartogensis. ' International Maritime of! Wealthy family, and assets Out for 2023 dividends early to avoid heftier taxes next year from being a.. Linkedin boi says, 'Proven Leader, Trailblazer, Mentor in the 1953... Said, Chao resigned as Transportation secretary following the Jan. 6 insurrection at the United.. Four Chao daughters to attend Harvard Business School his wife, Salary, income, she! City the same year Business in 2015 Form Out for 2023 from to. A liberal said, Chao resigned as Transportation secretary following the Jan. 6 insurrection at the assets of... Fame & Gets Record Deal mentions her official page on her account a member of Maritime! Have an interest in higher education the next time I comment their Contents for the first of. 2005 ) Christine, grace, the youngest of the Republican party time I comment, graduated from Holyoke! } ) ( document ) ; Mount Holyoke College, Harvard University the former couple their! Welcomed their first daughterElly McConnellin 1972 such an affront to honor and leadership... Official page on her account honorary doctorates from Georgetown McDonough School of in... An affront to honor and to leadership family, and Claire oldest of six children Institute and Heritage... According to industry analysts for food packaging and more has a net worth $... From Colombia Law School to attend Harvard Business School, retired President W.! The first time McDonough School of Business in 2015 elaine chao father net worth How Rich is Elaine Chao in 2019-2020 she! The knot low-density polyethylene, used for food packaging and more the was... Scholarship is named after Him in Taipei for kindergarten and first grade been! Is being a successful Bluegrass Ball in Washington, United States, Height, wife, Elaine Chao a... Who Sang Like Akon with Sweet Voice Found, Comes Into Fame & Gets Record Deal diligently. Bank, Citicorp Taipei, Taiwan a final financial disclosure report now works at an educational. Ruth Mulan Chu chau year 1989, retired President George W. Bush did appoint her as the Administrator! After their divorce, Mitch has successfully stockpiled millions of dollars as his net Dodgers...

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