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. as per the Washington Post. About Chao family. People may receive compensation for some links to products and services on this website. 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 younger sisters included Jeanette, May, Christine, Grace, and Angela. The pair had a mutual friendStuart Bloch, through which they met for the first time. 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. You may opt-out by. Elaine Chao: Birthday: March 26, 1953: Age: 67: Gender: Female: Nationality: American: Profession: Politician: Parents: James S. C. Chao, Ruth Mulan Chu: Net Worth: Arsenal FC target Jesper Lindstrom discusses his future with Forbes contributor Marie Schulte-Bockum. to Harvard Business School in 2012 for scholarships for students of Chinese heritage and the Ruth Mulan Chu Chao Center. Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glenn Ballard, Teddy Riley and Liz Rose will join the Songwriters Hall of Fame class of 2023. 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. While she was a Transportation Secretary, Chao used her office to promote her family's shipping business. He worked as a sea captain before moving to the United States in 1958. Lans other representative transactions include advising on a clean fuels refinery expansion project in Singapore. has 4.1k followers. She completed her bachelor's degree from Mount Holyoke College and her master's degree from Harvard Business School in 1979. Foremost Group said the calculations were incorrect but would not offer their own estimates. WE HAVE A GHOST (February 24) Finding a ghost named Ernest haunting their new home turns Kevins family into overnight social media sensations. Fifty-five years later it is an international giant worth hundreds of millions of dollars. VesselsValue calculates the price of each ship by factoring in qualities like its size and age combined with present market conditions. 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. She completed her master's in business administration from Harvard Business School in 1979. Subsequently, in 2014, her net worth enriched sevenfold, from, During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. She now works at an international educational and research institution, and is married to Gordon Hartogensis. 3. A Department of Transportation spokesperson referred Forbes to Senator McConnells 2008 financial disclosure and also provided a statement: Mrs. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. 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. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. Father Cover Him: Boy Who Sang Like Akon With Sweet Voice Found, Comes Into Fame & Gets Record Deal. 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. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. All net worths are calculated using data drawn from public sources. Last update: 2020-02-10 08:31. She is an Environmentalist. He is the father of former US Secretary of Transportation Elaine Chao and the father-in-law of Senator Mitch McConnell. 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. We welcome all corrections and feedback using the button below. 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. He then served as a Judge from 1977 to 1984. Her education details are unknown to date. They were farmers who "emphasized the value of education". U.S. Government To Hit Debt Ceiling On Thursday - What Happens Next. [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. 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. s birthday; secondly, it was just before her 40th birthday; and thirdly, it was right before a one-week Senate recess. 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. He served as the Deputy United States Assistant Attorney General from 1974 to 1975 under President Gerald Ford. Elaine Chaohas 4.1k followers. Elaine Chao: Career Chao has been For More Interesting Contents On Your Favourite Celebrities!!! 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. The Republican member has worked in numerous honorable positions in the United States. She earned an MBA at the college of William and Mary, but her life was cut short in 2008. [5], In 1964, after receiving his MBA, Chao founded Foremost Group, a shipping, trading and finance enterprise based in New York. He is Elaine Chao's father, and Senator Mitch McConnell's father-in-law. She was initiated into Omicron Delta Kappa at SUNY Plattsburgh in 1996 as an honors causa. 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. Submit a correction suggestion and help us fix it! The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately. She is 69 years old. var p = 'https:' == document.location.protocol ? After three years, the romantic couple married in 1993 on Regans Birthday. WebElaine Chaos income source is mostly from being a successful . A New York Times investigation published last week detailed how Chaos government positions have benefited her familys company. Elaine doesn't even know how to speak English, and she received her citizenship at 19 and went to Harvard Business School. In the heart of the Great Recession, Mitch McConnell suddenly got richer. She has admitted to having regrets about not conceiving. 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. Whos Her Boyfriend. In 2009, he was inducted into the Horatio Alger Association of Distinguished Americans. McConnell, meanwhile, said in April hed support Trump if the former president became the Republican nominee in the 2024 presidential race. 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. View our online Press Pack. 5. also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. They are the wealthiest and most influential political couple. Also, Chao was appointed as Secretary of Transportation on January 31, 2017, underDonald Trumps presidency and is currently doing under the same position. Elaine is the oldest of six sisters, and one of the four Chao daughters to attend 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. In the year 1979, she was able to graduate with an MBA degree. She is from Taiwan. This is such an affront to honor and to leadership. degree from Niagara University in 1992. So, I try to counsel young women; regardless of whether they want it, there are trade-offs and sacrifices in life.". 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. 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. However, McConnell has children from his first wife, Sherrill Redmon. According to Celebrity Net Worth, Chaos net worth is $30 million. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. James S.C. Chao is a Chinese-American entrepreneur, who founded the Foremost Group - a shipping, trading and finance enterprise based in New York. The couple was in a relationship for three years before they tied the knot. 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. 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). Elaine was born in the year 1953 on March 26th. 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. Chao is not the only wife of her husband, Mitch McConnell. Primary Income source Politician (profession). Elaine, the Secretary of Transportation, was born Elaine Lan Chao on. In my early wedlock, I wedded a liberal. 'https' : 'http'; Mitch McConnell and Elaine Chao met through a mutual friend in the early 1990s and married in 1993. d.getElementById("contentad428986").appendChild(s); She is the current Secretary of Labor in the United States and has been in this 4. 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. Soon after the divorce, Redmon was appointed as the Sophia Smith Collection director and became a feminist scholar at Smith College. 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. 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. 1. The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. The strong political couple lives a luxurious life with such an astonishing amount. (adsbygoogle = window.adsbygoogle || []).push({}); 2023 Networth and Salary. Mitch was a senator and has been able to serve as Senate Majority Leader. They tied the knot on 1993. She has 1,129 followers as of September 2022. Her father is still alive and is 94 years old. Your email address will not be published. The most recent is a Doctor of Humane Letters degree from Georgetown University. He should spend more time (and money!) She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. [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. [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. [16][17] Ruth Mulan Chu Chao died on August 2, 2007. Elaine Chao May Have Violated Ethics Rules As Transportation Secretary, The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately $525,000over two decades. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. [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]. 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. She has expanded the Peace Corps's presence in Central Asia and Eastern Europe by establishing the first peace corps programs. She is currently General Counsel of the Foremost Group. Elaine Chao was born in Taiwan to her father, James S. C. Chao, and mother, Ruth Mulan Chu Chau. Chao married U.S. wid: "428986", Mitch McConnell married his wife, Eliane Chao, in 1993. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. Is TikTok Star Caroline Gregory Dating? Hes known to tell individuals, Individuals comment that Im in a blended marriage. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. (Neither Elaine nor Mitch has a financial stake in it, found on publicly available information.). Celebritys Net worth, Biography, Sports, Health, Technology, & Entertainment. The husband and wife pair is one of the powerful political couples in the United States of America. Additionally, Chao is the second wife of Michell. James and his wife Ruth Mulan Chu established the Mulan Foundation in 1984. It is estimated that Elaine received about $9 million from her dad. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. 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. She completed her master's from the University of Michigan and her bachelor's from Williams College. Her primary source of income is being a businesswoman and a politician. In the past year, some ships have stopped in Oregon, Virginia and Louisiana, according to global ship-tracking database MarineTraffic. In the year 1988, she did work as the chairwoman of the Federal Maritime Commission. If you continue to use this site we will assume that you are happy with it. 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. When Elaine Chao left her board positions after the Capitol Hill riots of 2021, she filed a final financial disclosure report. He has three daughters Porter, Eleanor, and Claire. This abundance has come from her broad profession Elaine Chao is the wife of an American politician and retired attorney, Mitch McConnell. 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. 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. The pair married in 1951 and began their family. Elaine is the daughter of a Chinese-American businessman who is the founder of Foremost Group. Share prices among the seven largest publicly traded companies in the industry are down 45% on average in the last year. His son-in-law, Elaine's husband, is Senator Mitch McConnell. [6][7] He moved to the United States in 1958, settling in New York City the same year. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky. [25] He was awarded the "Ellis Island Medal of Honor" (2005). [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. Elaine Chao was born on March 26, 1953 in China. 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. He has a variety of assets, such as trusts, mutual funds, bank accounts, and stocks. Before this, the Southern Baptist Mitch was in marital bond with, in 1968. Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. Strong political couple lives a luxurious life with such an astonishing amount Capitol Hill riots of 2021, she work! Limited 's Standard elaine chao father net worth and conditions in accordance with our Privacy & Cookie Policy in 1979 how Government. 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