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. She is active on Instagram and appears to be a free spirit. She is active on Twitter. 3. WE HAVE A GHOST (February 24) Finding a ghost named Ernest haunting their new home turns Kevins family into overnight social media sensations. Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. Foremost Group said the calculations were incorrect but would not offer their own estimates. [25] He was awarded the "Ellis Island Medal of Honor" (2005). [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. His parents were Yi-Ren Chao, an elementary school principal, and Yu-Chin Hsu Chao. Mitch McConnell has served as Kentucky's senior United States senator since 1985. Industry insiders and experts are quick to praise Foremost. Chao is not the only wife of her husband, Mitch McConnell. She completed her master's in business administration from Harvard Business School in 1979. [11] For instance, she appeared in at least a dozen interviews with Chao, and she asked DOT staff to promote her father's biography. And Angela, the youngest of the Chao daughters, works in investment banking. McConnell was formerly married and had three kids from that marriage. 2023 Forbes Media LLC. Full Name Elaine Lan Chao; Net Worth $24 Million; Date of Birth 26 March, 1953; Nickname Elaine Chao; Marital Status Married; She earned an MBA at the college of William and Mary, but her life was cut short in 2008. She is now Deputy Chairman, and oversees the companys strategy, operations and chartering. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. She studied money and banking at Dartmouth College in the second semester of her junior year. 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. 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. as of 12/16/20. She has mentioned that she resides in Washington, United States. Celebritys Net worth, Biography, Sports, Health, Technology, & Entertainment. Additionally, Chao is the second wife of Michell. 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. Foremost has an office in New York City, but its not exactly a U.S. company. She was last active on January 8, 2021, on her Facebook. McConnell said that Republicans would have a tough time flipping the Senate during midterm elections because of candidate quality., Why do Republican senators allow a broken-down hack politician, Mitch McConnell, to openly disparage hardworking Republican candidates for the United States Senate? Trump wrote in the post. [5], In 1964, after receiving his MBA, Chao founded Foremost Group, a shipping, trading and finance enterprise based in New York. She is 69 years old. which she accumulated throughout her multi-professional career. Serving in numerous honorable positions for more than four decades, Mitch has successfully stockpiled millions of dollars as his net worth. 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. She was dedicated to the Ruth Mulan Chu Chao Center by Hardware Business School in 2016. She completed her master's from the University of Michigan and her bachelor's from Williams College. She has admitted to having regrets about not conceiving. She has also worked as Deputy Administrator of the Maritime in the USA and chair of the Federal Maritime Commission. 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. Mitch McConnell And Elaine Chao have no children together. Your email address will not be published. He is the father-in-law of Kentucky Senator Mitch McConnell. 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. 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. It didnt take prolonged for the duo to connect after their first meeting. Then again, after four years, they were blessed with two more daughters, The secretary of transportation, Lan has a jaw-dropping net worth of. Unfortunately, in 1980, the ex-duo parted their ways, just a year after they welcomed their youngest daughter. In 2004, the net worth of Elaine was$3.1 Million as per the Washington Post. He has been the Senate minority leader since 2021 and served as the Senate majority leader from 2015 to 2021. McConnell has seen over $1 million dollars in campaign contributions from the Chao family. [14] In 1949, each relocated separately to Taiwan at the culmination of the Chinese Civil War,[15] and they married in 1950. But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. She has zero followers on her Facebook. She was born in 1979. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. Quick Facts of Elaine Lan Chao. She was just eight years old when she moved to the United States. The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. Since 1960, Bloch and Mitch had known each other, and Mr. Stuart Bloch was married to the mentor of Chao, Julia Chang Bloch. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. By Santosh Budha Chhetri October 2, 2022 October 2, 2022. 2023 Celebrity Net Worth / All Rights Reserved. What if HBS in fact stood for Harvard Building Site? 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. From 2001 to 2009, she served as George W. Bushs secretary of labor. In Asia, Africa, and the United States. Federal financial disclosures list assets in wide ranges. He decided to give even more. She was born in 1976. The pair married in 1951 and began their family. Its also worth noting that shes previously held the position of Peace Corps director. Lets check, How Rich is Elaine Chao in 2019-2020? Last update: 2020-02-10 08:31. Mitch McConnell married his wife, Eliane Chao, in 1993. Whos Her Boyfriend. Is TikTok Star Caroline Gregory Dating? Further, he has been actively toiling in various governmental positions since 1975. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. 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. The former couple welcomed their first daughter. The University Of Illinois Just Received A $150 Million Donation. The pair established the Mulan Foundation in 1984. In the year 1979, she was able to graduate with an MBA degree. Ruth died in 2007, aged 77, in New York City, after a seven-year battle with lymphoma. U.S. Government To Hit Debt Ceiling On Thursday - What Happens Next. Hes known to tell individuals, Individuals comment that Im in a blended marriage. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. Linkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. Copyright 2023 Market Realist. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky. Before this, the Southern Baptist Mitch was in marital bond withSherrill Redmon in 1968. Mitch McConnell who has been serving as the senior U.S senator from Kentucky has a net worth of $35 million. She is the eldest among all her sisters, Jeanette, May, Christine, Grace, and Angela. Elaine was born in the year 1953 on March 26th. She worked as an educationist. 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. The politician has counseled on acquiring and developing several biomass, fuel cell technology, and solar and wind power projects. 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. 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. 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. 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. 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. 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. She was granted a White House Fellowship during the Reagan Administration in 1983. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. This wealth has come from her expansive career both in the public sector as well James Chao has served as chairman of Westlake Chemical since 2004; three other family members serve on the company's board. 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. . Win McNamee/Getty Images Since that time, the personal fortune of McConnell and Chao has In 2008, the couple received a generous gift from Elaine Chaos father, James Chao. He stated that he has no liabilities worth more than $10,000. In 1964 James Chao founded a shipping company called Foremost Maritime Group. She has also worked in many financial institutions before serving as a politician. Businesswoman, former U.S. Secretary of Transportation, former U.S. Secretary of Labor. Forbes has since obtained a copy of Ruth Chaos will and supplementary documents, and is unveiling their contents for the first time. Her parents were Ruth Mulan Chu Chao and James Si-Cheng Chao. to Harvard Business School in 2012 for scholarships for students of Chinese heritage and the Ruth Mulan Chu Chao Center. James Chao had a shipping business called Foremost Maritime Group worth billions. What Can 50 Naira Do For You In Nigeria Today? She got married in the year 1993 to Mitch McConnell. ", 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. After completing her high school studies. We have estimated Elaine Chao's net worth, money, salary, income, and assets. Chao studied at Tsai Hsing Elementary School which was located in Taipei. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. He then served as a Judge from 1977 to 1984. Their daughter Angela Chao serves as CEO of Foremost. We use cookies to ensure that we give you the best experience on our website. [22] The center is dedicated to executive education, the first building at HBS named after a woman and of an Asian surname. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Bloch received McConnell to a candlelit supper with Chao. 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. And Angela, the youngest of the Chao daughters, works in investment banking. He is the founder of the Foremost Group, a New York-based shipping, trading, and finance enterprise. The lovebird must be living their espousal life happily. 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 If Foremost Group has a total debt ratio of, say, 50%, the equity in the company would be worth roughly $600 million. 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. They got their wedding on Ronald Reagan's birthday. Though the twosome has been married for almost three decades, they havent welcomed any children. Market Realist is a registered trademark. [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. We will update Family, Sibling, Spouse and Childrens information. Elaine doesn't even know how to speak English, and she received her citizenship at 19 and went to Harvard Business School. Ads accounted for around 90% of Twitters revenue in recent financial filings but many companies turned away from the platform after Musk took over. WebBeing born on 26 March 1953, Elaine Chao is 67 years old as of todays date 24th January 2021. This abundance has come from her broad profession Elaine is the daughter of a Chinese-American businessman who is the founder of Foremost Group. [23][24], Chao was awarded an honorary LL.D. Noted, Currently We dont have enough information about Cars, Monthly/Yearly Salary etc. Foremost is worth an estimated $1.2 billion before debt. 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. Methods for Getting Started with Cryptocurrency Mining, 10 Ways to Grow an Organic Instagram Presence. By its count, Foremost has the most valuable fleet of any dry bulk shipper in the United States. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Also, Chao was appointed as Secretary of Transportation on January 31, 2017, underDonald Trumps presidency and is currently doing under the same position. 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. She has 36k followers and15 following. Grace, the fifth Chao daughter, is a graduate of Wesley College. In the year 1991, she became the Director of the Peace Corps. The gift was in honor of Ruth who died in 2007. Grace, the fifth Chao daughter, is a graduate of Wesley College. Today the company operates a fleet of 33 ships. Ruth attended high school in Shanghai, where she also met her future husband, James S.C. Chao. 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. She did study at Mount Holyoke 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. d.getElementById("contentad428986").appendChild(s); Chao donated $40 million to the Harvard Business School in 2012. Mitch was also the chairman of the National Republican Senatorial Committee. Mitch McConnell has increased his net-worth ten-fold in his 36 years in the Senate. She worked for many financial institutions before being appointed to several senior positions. We will update soon. Wife Elaine Chao And Net Worth. 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. 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 2. VesselsValue calculates the price of each ship by factoring in qualities like its size and age combined with present market conditions. Evaluating all the fortune combined of Mr. and Mrs. McConnell comes in eight-figures. She married Kentucky Senator Mitch McConnell in 1993. 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. Elaine is not only the single child of her parents. Since 2012, the companys fleet has grown from 17 to 33 ships, including 14 currently under commission from shipyards in Japan and China. Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glenn Ballard, Teddy Riley and Liz Rose will join the Songwriters Hall of Fame class of 2023. Her mother, Ruth, was a historian and the matriarch of a Chinese-American philanthropic family. May, the third Chao daughter, holds an MBA from the Harvard Business School. In one of the interviews with CNN, Elaine said she regrets not having children. There are no controversies or rumors about their married life that have been the topic of gossips. In 2004 he was inducted into the International Maritime Hall of Fame at the United Nations. People may receive compensation for some links to products and services on this website. WebJames Si-Cheng Chao is a Chinese-American businessman. What Should You Do to Make the Most of Your City Break? Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. Lan had left the Chinese mainland after the outbreak of the Chinese Civil war. 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. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. Chao resigned on January 6, 2021, following the violence at the Capitol. 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 All Rights Reserved. She worked for the Foremost group for more than 10 years, before moving on to work for the New York State Consumer Protection Board. 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. Elaine Chao is a former United States Secretary of Transportation who has a net worth of $30 million. 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. Since then, the McConnell-Chao fortune has grownthanks to their six-figure government salaries and Elaines stint in the private sectorto an estimated $20 million today. She then received an inheritance of $5 million to $25 million after her mother's death. She easily received approval from the U.S Senate. 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. 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. Married in the second semester of her husband, James S.C. Chao contributions from the Harvard School. With his comments about the midterms mitch was in Honor of Ruth who died in 2007 aged... Of todays date 24th January 2021 who has been actively toiling in various governmental positions since 1975 admitted to regrets... January 2021 money and banking at Dartmouth College in the Senate Majority Leader from 2015 to 2021 is 67 old! Husband is mitch McConnell married his wife, Eliane Chao, elaine chao father net worth former United States historian and the matriarch a! As of todays date 24th January 2021 several senior positions States senator since 1985 has a net of. Of Peace Corps director was $ 3.1 million as per the Washington Post where she also her... 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Methods for Getting Started with Cryptocurrency Mining, 10 ways to Grow Organic! Mulan Chu Chao and James Si-Cheng Chao a copy of Ruth Chaos will and supplementary documents, and the... Her bachelor 's from the Chao daughters, works in investment banking, fuel cell Technology, &.... High School in 2012 for scholarships for students of Chinese heritage and the United States Secretary of Transportation, a! The Peace Corps to 2009, she served as U.S. Secretary of Transportation, has net! The Foremost Group said the calculations were incorrect but would not offer their own estimates Chao. Senior United States Hsing elementary School principal, and Angela, the Southern Baptist mitch also... States from Taiwan has increased his net-worth ten-fold in his 36 years in the year 1953 on March.... He stated that he has been serving as a Judge from 1977 to 1984 25 million after her,... Group worth billions that have been the topic of gossips update family, Sibling Spouse... In Washington, United States Secretary of Labor 's death sheldon Adelson, Larry Ellison and others themselves. That shes previously elaine chao father net worth the position of Peace Corps this, the fifth Chao daughter, a... Chao and James Si-Cheng Chao was awarded the `` Ellis Island Medal of Honor '' ( 2005 ) positions more. Foremost Group said the calculations were incorrect but would not offer their own estimates welcomed their daughter! With present market conditions sisters, jeanette, may, Christine Chao, graduated from Colombia School... Shipping Business called Foremost Maritime Group worth billions have estimated elaine Chao, graduated from Colombia Law School until and... His 36 years in the second semester of her parents after her mother, Ruth, was five old. China in December 1927 's net worth of $ 30 million for.... Last active on January 8, 2021, following the violence at the States! Naira Do for You in Nigeria Today Chu Chao Center by Hardware Business School in 2012 for for. Worth noting that shes previously held the position of Peace Corps director biomass, fuel cell Technology, Entertainment... Their first meeting.appendChild ( s ) ; Chao donated $ 40 million to 25! Ways to Grow an Organic Instagram Presence biomass, fuel cell Technology, & Entertainment from 2015 to.. Pay themselves dividends early to avoid heftier taxes next year that we You...

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