Elaine is the oldest of six sisters, and one of the four Chao daughters to attend Harvard Business School. She was just eight years old when she moved to the United States. 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. Chao is the first Asian American woman to serve in a presidential cabinet. 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. Later in 1964, he founded his own company named Foremost Maritime Corporation in New York City, which developed in the Foremost Group. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. Grace, the fifth Chao daughter, is a graduate of Wesley College. Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. She completed her bachelor's degree from Mount Holyoke College and her master's degree from Harvard Business School in 1979. She now works at an international educational and research institution, and is married to Gordon Hartogensis. We will update Family, Sibling, Spouse and Childrens information. She is the eldest daughter. Baby among 6 festival-goers sliced to death by glass-encrusted kite strings, BBC1's live FA Cup coverage hit by porn noises from mobile hidden by prankster, Three major energy suppliers paying you to turn off appliances tonight, Putin to make very important announcement on Ukraine war today', News Group Newspapers Limited in England No. In the heart of the Great Recession, Mitch McConnell suddenly got richer. Is TikTok Star Caroline Gregory Dating? 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. (adsbygoogle = window.adsbygoogle || []).push({}); (function(d) { { She is the eldest among all her sisters, Jeanette, May, Christine, Grace, and Angela. [26] The U.S. Department of Homeland Security, Citizen and Immigration Service recognized him in February 2008 as an Outstanding American by Choice.[17]. He then met Elaine in the 1990s. "James S. C. Chao Chairman Foremost Group New York Class Year: 2009", "Bio of Dr. James S.C. Chao, The Inaugural CAAPS Distinguished Lifetime Achievement Award Winner", "Harvard Business School Building Boom Continues", "Inspector General's Report Cites Elaine Chao for Misuse of Office", "Did Elaine Chao's DOT interviews help her family's business? Foremost is worth an estimated $1.2 billion before debt. Foremost Group said the calculations were incorrect but would not offer their own estimates. 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. Her mother, Ruth, was a historian and the matriarch of a Chinese-American philanthropic family. She was accused of using extreme disciplinary measures. According to Trend Celebs Now, Elaine Chaos estimated Net Worth, Salary, Income, Cars, Lifestyles & much more details has been updated below. James Chao has served as chairman of Westlake Chemical since 2004; three other family members serve on the company's board. What's Behind The Growth Spurt In Fertilizer Stocks? ", 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. She set a record of being the first Asian woman to have held such positions. Subsequently, in 2014, her net worth enriched sevenfold, from$3.1 Millionto$22.8 Million. Elaine Chao is an American businesswoman and a former government officer of the Republican party. Foremost Group does important business in China and is navigated by Lans father, James S.C. Chao, and her sister, Angela. Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. Together with her family, they were able to donate more than $40 million to offer scholarships at Harvard to students studying there. 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. Elaines younger sisters included Jeanette, May, Christine, Grace, and Angela. Senate races are just different theyre statewide, [and] candidate quality has a lot to do with the outcome.. That was $2 million in 2007. To inquire about a licence to reproduce material, visit our Syndication site. When Elaine Chao left her board positions after the Capitol Hill riots of 2021, she filed a final financial disclosure report. Foremost is worth an estimated $1.2 billion before debt. 2. He is the father-in-law of Kentucky Senator Mitch McConnell. 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. The gift was worth between $5 and $25 million [9]. His parents were Yi-Ren Chao, an elementary school principal, and Yu-Chin Hsu Chao. 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. American Celebrity Kid, Kaavia James Wade Bio, Parents, Relationship, and Net Worth, Cody Rigsby Bio, Age, Instagram, Partner, Career and Net worth. The Republican member has worked in numerous honorable positions in the United States. Mitch McConnell married his wife, Eliane Chao, in 1993. James Chao had a shipping business called Foremost Maritime Group worth billions. She is active on Twitter. 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 In Asia, Africa, and the United States. In 1964 James Chao founded a shipping company called Foremost Maritime Group. 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. Also, Chao was appointed as Secretary of Transportation on January 31, 2017, underDonald Trumps presidency and is currently doing under the same position. Elaine Chao is the wife of an American politician and retired attorney, Mitch McConnell. Forbes has since obtained a copy of Ruth Chaos will and supplementary documents, and is unveiling their contents for the first time. Chao is the first winner of the Chinese American Academic and Professional Society Distinguished Lifetime Achievement Award (2004). [5], In 1964, after receiving his MBA, Chao founded Foremost Group, a shipping, trading and finance enterprise based in New York. What if HBS in fact stood for Harvard Building Site? 2023 Forbes Media LLC. And Angela, the youngest of the Chao daughters, works in investment banking. She further said, "I try not to have too many regrets. Before this, the Southern Baptist Mitch was in marital bond withSherrill Redmon in 1968. View our online Press Pack. She has admitted to having regrets about not conceiving. She was last active on January 8, 2021, on her Facebook. 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. [6][7] He moved to the United States in 1958, settling in New York City the same year. 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. 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. About Chao family. She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. The 12th Director of the Peace Corps, Elaine and the U.S. Senate Majority Leader, McConnell, met in the early 1990s in Washington, DC. Mitch was also the chairman of the National Republican Senatorial Committee. Elaine Chao Net Worth As of January 2023, Chao has a net worth of over $35 million. She also served as the 24th U.S. secretary of labor from 2001 to 2009 in the George W. Bush administration. 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. 5. Houston-based Westlake Chemical is also the world's second largest PVC producer. 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. 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. You may opt-out by. The gift was in honor of Ruth who died in 2007. She is 69 years old. A Brazilian mining disaster, which killed over 200 people in January, hasnt helped either. 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. 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 then received an inheritance of $5 million to $25 million after her mother's death. She was born in 1976. He served as the Deputy United States Assistant Attorney General from 1974 to 1975 under President Gerald Ford. Father Cover Him: Boy Who Sang Like Akon With Sweet Voice Found, Comes Into Fame & Gets Record Deal. She received a White House Fellowship in the year 1983. The politician has counseled on acquiring and developing several biomass, fuel cell technology, and solar and wind power projects. She was granted a White House Fellowship during the Reagan Administration in 1983. May, the third Chao daughter, holds an MBA from the Harvard Business School. She received 36 honorary doctorates from Georgetown McDonough School of Business in 2015. Elaines spouse, Addison Mitchell McConnell Jr., is the Senate Majority Leader and Kentuckys senior United States senator. Later in 1975, she graduated from Mount Holyoke College, Massachusetts, with a Bachelor of Arts degree in Economics. 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