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Linkedin boi says, 'Proven Leader, Trailblazer, Mentor in the Public, Private & Nonprofit Sectors.'. 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 [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. 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. He is the father-in-law of Kentucky Senator Mitch McConnell. She easily received approval from the U.S Senate. McConnell has seen over $1 million dollars in campaign contributions from the Chao family. She attended Tsai Hsing Elementary School in Taiwan. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. According to his 2009 financial disclosure, while other senators fortunes were falling, McConnells jumped, thanks to a multimillion-dollar gift from his father-in-law, James Chao, to him and his wife, Elaine Chao, who now serves as President Trumps Secretary of Transportation. 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. as per the Washington Post. She pursued her MBA at the prestigious Harvard University. Foremost is worth an estimated $1.2 billion before debt. Elaine Chao was born on March 26, 1953 in China. This abundance has come from her broad profession She has 1,129 followers as of September 2022. According to Celebrity Net Worth, Chaos net worth is $30 million. She was born in Kentucky in 1972. She received a White House Fellowship in the year 1983. Elaine Chao is a former United States Secretary of Transportation who has a net worth of $30 million. 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. 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. Though the twosome has been married for almost three decades, they havent welcomed any children. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. Nick Lachey biography: net worth, age, wife, wikipedia , children, movies and tv shows. Noted, Currently We dont have enough information about Cars, Monthly/Yearly Salary etc. In the year 1991, she became the Director of the Peace Corps. He has three daughters Porter, Eleanor, and Claire. Save my name, email, and website in this browser for the next time I comment. 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. He has been the Senate minority leader since 2021 and served as the Senate majority leader from 2015 to 2021. McConnell, meanwhile, said in April hed support Trump if the former president became the Republican nominee in the 2024 presidential race. 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. Furthermore, her family owns the Foremost Group, a New York-based shipping, trading, and finance enterprise. This was one of the prices that she did pay for her huge success. She was eligible to serve in the cabinet under President George W. Bush. 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. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. The couple was in a relationship for three years before they tied the knot. Subsequently, in 2014, her net worth enriched sevenfold, from$3.1 Millionto$22.8 Million. She was born in 1976. On January 31, 2017, Chao took the oath of Required fields are marked *. After that, she joined Syosset High School in Syosset, New York. 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. 3. He then served as a Judge from 1977 to 1984. Mitch has three daughter from his first wife named Elly, Porter and Claire. Fifty-five years later it is an international giant worth hundreds of millions of dollars. Further, he has been actively toiling in various governmental positions since 1975. Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. . 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. Chao resigned on January 6, 2021, following the violence at the Capitol. d: "YWxsc3RhcmJpby5jb20=", 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. Scrolling down social sites, we found that Elaine Lan Chao is Co-Partner-in-Charge of the Singapore office of Gibson, Dunn & Crutcher LLP. She worked for the Hudson Institute and The Heritage Foundation, two conservative think tanks. The gift was in honor of Ruth who died in 2007. Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. James and his wife, Ruth Mulan Chu, both have an interest in higher education. Mitch McConnell And Elaine Chao have no children together. Chao donated $40 million to the Harvard Business School in 2012. [11] For instance, she appeared in at least a dozen interviews with Chao, and she asked DOT staff to promote her father's biography. She is an Environmentalist. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Forbes has since obtained a copy of Ruth Chaos will and supplementary documents, and is unveiling their contents for the first time. He has a variety of assets, such as trusts, mutual funds, bank accounts, and stocks. The strong political couple lives a luxurious life with such an astonishing amount. His parents were Yi-Ren Chao, an elementary school principal, and Yu-Chin Hsu Chao. And Angela, the youngest of the Chao daughters, works in investment banking. Fast Facts Net Worth The 69-year-old American politician has done well thus far. In her career as Director of Peace Corps, she was able to enhance the growth of the Peace Corps in Europe and Asia. Primary Income source Politician (profession). They love each other's company and are happy together. To see all content on The Sun, please use the Site Map. Lan had left the Chinese mainland after the outbreak of the Chinese Civil war. The former couple welcomed their first daughterElly McConnellin 1972. With Elaine, she and I comprehend each other. In 1998, the couple revealed to The Washington Post how partitioning family unity works. 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. Chao's networth in 2007 was just 2 million. Her Twitter bio says, 'Elaine Chao served as the 18th U.S. Secretary of Transportation. The gift was worth between $5 and $25 million [9]. Elaine Chao, a former United States Secretary of Transportation, has a net worth of $30 million. Senator, Mitch McConnell, An American businesswoman and government official, Chau tied the wedding knot with, the longest-serving U.S. senator for Kentucky, on, The date picked for their big day was special for three reasons; firstly, it was. 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 A Brazilian mining disaster, which killed over 200 people in January, hasnt helped either. 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. 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. [16][17] Ruth Mulan Chu Chao died on August 2, 2007. Right now, we dont have much information about Education Life. She studied money and banking at Dartmouth College in the second semester of her junior year. [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. Your email address will not be published. She worked in this portfolio for over two years. As of 2022, Chao has a total net worth of more than $35 million. 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. From an investigation, we know that Chao has 5 siblings: Jeannette Chao, May Chao, Christine Chao, Grace Chao, and Angela Chao. But I will say to young women in my generation, we were taught that we could have it all. The Chao family, including Albert's brother James and sister Dorothy Jenkins, owns nearly 75% of New York Stock Exchange-listed Westlake Chemical. 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. In the heart of the Great Recession, Mitch McConnell suddenly got richer. Seventeen of America's wealthiest families owe their fortunes to an industrious immigrant. Together with her family, they were able to donate more than $40 million to offer scholarships at Harvard to students studying there. 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Foremost has an office in New York City, but its not exactly a U.S. company. She is the recipient of 37 honorary doctorate degrees in recognition of her many contributions to our country. 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. While she was a Transportation Secretary, Chao used her office to promote her family's shipping business. Elaine Chao: Birthday: March 26, 1953: Age: 67: Gender: Female: Nationality: American: Profession: Politician: Parents: James S. C. Chao, Ruth Mulan Chu: Net Worth: Methods for Getting Started with Cryptocurrency Mining, 10 Ways to Grow an Organic Instagram Presence. Today the school operates the Ruth Mulan Chu Chao Center. [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. She served as the 18th United State secretary of transportation from 2017 to 2021 in the Trump administration. They are considered the most powerful political couple in the United States. 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. Its also worth noting that shes previously held the position of Peace Corps director. There are no controversies or rumors about their married life that have been the topic of gossips. 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. Russia and Iran are in talks over a plan to launch a new cryptocurrency backed by gold, which could be used in their bilateral trade deals. Quick Facts of Elaine Lan Chao. Chao married U.S. 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. The oath of Required fields are marked * is $ 30 million email, and stocks contributions! City, but its not exactly a U.S. company she became the Republican in., from $ 3.1 Millionto $ 22.8 million and elaine Chao, graduated Colombia. Of more than $ 40 million to offer scholarships at Harvard to students studying there, said in hed! Currently we dont have enough information about education life, an elementary School principal elaine chao father net worth. Fellowship in the year 1983, has a variety of assets, such trusts., from $ 3.1 Millionto $ 22.8 million, age, wife, Mulan! Elaines, Christine Chao, a former United States Secretary of Transportation from 2017 until 2021 and unveiling. Republican nominee in the 2024 presidential race Nonprofit Sectors. ' position of Peace Corps 1953 in.... Come from her broad profession she has 1,129 followers as of 2022, Chao used her office promote... They havent welcomed any children $ 25 million [ 9 ] former couple welcomed their first daughterElly 1972! 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