elaine chao father net worth

Part of that fortune could theoretically be passed to Chao in the coming years. McConnell cooked on occasion and did the clothing; Chao was answerable for fixing things around the house, Nia Frazier Height, Weight, Net Worth, Age, Birthday, Wikipedia, Who, Instagram, Biography, Nam Joo-Hyuk Is Accused Of Being The School Bully. Elaine Chao was born on March 26, 1953, in Da'an District, Taipei, Taiwan. As the minority leader, he received a salary of $193,400 per year. Jeanette, May, Christine, Grace and Angela, Mitch McConnell's Wife Elaine Chao And Their Net Worth - 5 Fast Facts. With Elaine, she and I comprehend each other. In 1998, the couple revealed to The Washington Post how partitioning family unity works. She is the youngest daughter of McConnell. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. WebBeing born on 26 March 1953, Elaine Chao is 67 years old as of todays date 24th January 2021. But McConnell apparently angered Trump on Thursday, Aug. 18, with his comments about the midterms. She is the eldest daughter. Senator Mitch McConnell and Secretary of Transportation Elaine Chao at the Kentucky Society of [+] Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. (adsbygoogle = window.adsbygoogle || []).push({}); 2023 Networth and Salary. [6][7] He moved to the United States in 1958, settling in New York City the same year. She is currently General Counsel of the Foremost Group. I think theres probably a greater likelihood the House flips than the Senate, the senator from Kentucky said, per The Washington Post. She is the eldest among all her sisters, Jeanette, May, Christine, Grace, and Angela. Also, an integrated steel mill project in Ethiopia and two pipeline projects in Djibouti. [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. He decided to give even more. Ruth died in 2007, aged 77, in New York City, after a seven-year battle with lymphoma. Chao's father gave them $25 million, which boosted their worth from a minimum of $3 million to more than $7 million in 2008. A New York Times investigation published last week detailed how Chaos government positions have benefited her familys company. James Si-Cheng Chao (Chinese: ; pinyin: Zho Xchng; born December 29, 1927) is a Chinese-American businessman. In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans. Chao has the official government website page and mentions her official page on her account. ), Chaos husband, in a Truth Social post on Saturday, Aug. 20. Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. 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). Father Cover Him: Boy Who Sang Like Akon With Sweet Voice Found, Comes Into Fame & Gets Record Deal. She is from Taiwan. Soon after the divorce, Redmon was appointed as the Sophia Smith Collection director and became a feminist scholar at Smith College. For other inquiries, Contact Us. View our online Press Pack. Elaine Chao and Mitch McConnell do not have children together. [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. Mitch was previously married to Sherrill Redmon from 1968 to 1980. In 1964 James Chao founded a shipping company called Foremost Maritime Group. as of 12/16/20. 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. Right now, we dont have much information about Education Life. Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. 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. Elaine Chao is an American businesswoman and a former government officer of the Republican party. [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]. 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. 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 totals in McConnells disclosure jumped from a range of $3.1 million to $12.7 million in 2007 to $7.3 million to $33.1 million in 2008. Her Twitter bio says, 'Elaine Chao served as the 18th U.S. Secretary of Transportation. 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. She was in Citicorp for four years. Bloch and McConnell had met during the 1960s and Bloch was joined in holy matrimony to Julia Chang Bloch, who was a lecturer of Chaos. Copyright 2023 Market Realist. She also served as the 24th U.S. secretary of labor from 2001 to 2009 in the George W. Bush administration. Elaine Chao was born on March 26, 1953 in China. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. + qs; Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. He was the first elected to the United States Senate in 1984. 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 also worked as Deputy Administrator of the Maritime in the People may receive compensation for some links to products and services on this website. The pair established the Mulan Foundation in 1984. The totals in McConnells disclosure jumped from a range of $3.1 million to $12.7 million in 2007 to $7.3 million to $33.1 million in 2008. In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. In the heart of the Great Recession, Mitch McConnell suddenly got richer. The gift was in honor of Ruth who died in 2007. The couple was in a relationship for three years before they tied the knot. 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 Dry bulk shipping companies tend to carry between 40% and 60% debt, according to industry analysts. 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. Parents: Dr. James S.C. Chao, Ruth Mulan Chu Chao (deceased), Education: Bachelors degree from Mount Holyoke, MBA from Harvard University. [23][24], Chao was awarded an honorary LL.D. By the end of her life, she personally had nearly $59 million of assets to her name, according to an inventory filed with her will. Chao continues as its Trustee Emeritus. 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. She is an Environmentalist. 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. All Rights Reserved. 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.). American Celebrity Kid, Kaavia James Wade Bio, Parents, Relationship, and Net Worth, Cody Rigsby Bio, Age, Instagram, Partner, Career and Net worth. [13], Chao met his future wife, Ruth Mulan Chu Chao, when she and her family relocated to Shanghai from their ancestral estate in Anhui Province during World War II. Her parents were Ruth Mulan Chu Chao and James Si-Cheng Chao. var params = He then met Elaine in the 1990s. He has also received some worth from his family and inheritance. At the climax of the Chinese Civil War, Chao's ship went to Taiwan, where it remained. Mitch was also the chairman of the National Republican Senatorial Committee. Still, Foremost has continued to expand. 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. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. 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. 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 U.S. has a uniquely large and capable arms industry, which significantly impacts other facets of the economy. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The pair married in 1951 and began their family. She was the longest-serving Secretary of Labor since the Franklin D. Roosevelt administration. James and his wife Ruth Mulan Chu established the Mulan Foundation in 1984. (Foremost says the figure was lower.) 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. He stated that he has no liabilities worth more than $10,000. Porter works as an assistant professor of history at Frostburg State Univeristy in Maryland. From an investigation, we know that Chao has 5 siblings: Jeannette Chao, May Chao, Christine Chao, Grace Chao, and Angela Chao. 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. She graduated from Smith College in Studio Art and Painting. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. [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. His primary source of wealth is being a politician. That was $2 million in 2007. also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. 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. 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 used to be a member of the Republican Party. And Angela, the youngest of the Chao daughters, works in investment banking. [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. Similarly, she is the first Asian-American woman in the history of the United States to be nominated in the Presidents Cabinet. After their divorce, Mitch got custody of all his daughters. degree in political science from Louisville. The secretary of transportation, Lan has a jaw-dropping net worth of$24 Million,which she accumulated throughout her multi-professional career. degree from Niagara University in 1992. 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. National Republican Senatorial Committee was also the chairman of the United States Senate in 1984 honor of Ruth Who in... Date 24th January 2021 she and I comprehend each other elaine Chao and their worth... Mcconnell suddenly got richer how partitioning family unity works Chu established the Mulan Foundation in 1984 significantly impacts facets! Window.Adsbygoogle || [ ] ).push ( { } ) ; 2023 Networth Salary... Founded a shipping company called Foremost Maritime Group. ) how partitioning family unity works oldest of six,. War, Chao has the official government website page and mentions her official page on account. 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