A Department of Transportation spokesperson referred Forbes to Senator McConnells 2008 financial disclosure and also provided a statement: Mrs. He was the first elected to the United States Senate in 1984. She is a Democrat and activist. 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. What's Behind The Growth Spurt In Fertilizer Stocks? Elaine Chao is the wife of an American politician and retired attorney, Mitch McConnell. He is the father of former US Secretary of Transportation Elaine Chao and the father-in-law of Senator Mitch McConnell. Elaine Chao and Mitch McConnell do not have children together. ", 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. Elaine Marital Life With The U.S. Subsequently, in 2014, her net worth enriched sevenfold, from, During the re-election campaigns of Mitch McConnells, her father contributed millions of dollars. Further, the former Commissioner of the Federal Maritime Commission married the longest-serving U.S. senator for Kentucky. var params = Chao became the first Asian-American woman in U.S. history to become hold a cabinet position, according to her archived White House bio. His parents were Yi-Ren Chao, an elementary school principal, and Yu-Chin Hsu Chao. JPMorgan said it discovered evidence that its employees and customers may have misused the Paycheck Protection Program (PPP) for their own benefits. The Chao family played no small part in enriching him, and keeping him in power. 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. 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. He has three daughters Porter, Eleanor, and Claire. 2023 Forbes Media LLC. Foremost has an office in New York City, but its not exactly a U.S. company. 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. He was previously married to Sherrill Redmon. 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. Nick Lachey biography: net worth, age, wife, wikipedia , children, movies and tv shows. Later, she went on to join Syosset High School which was located in Syosset, New York. Elaine Chao Net Worth. Families With Immigrant Roots, Billionaires' Big Bonuses Ahead Of The Fiscal Cliff, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. The U.S. Maritime Administration, which oversees ships that sail under the U.S. flag, falls under Elaine Chaos purview as secretary of transportation. Submit a correction suggestion and help us fix it! Methods for Getting Started with Cryptocurrency Mining, 10 Ways to Grow an Organic Instagram Presence. Mitch McConnell And Elaine Chao have no children together. In Asia, Africa, and the United States. James and Ruth Mulan Chu Chao met in Shanghai while they were both in high school. She is married to Mitch McConnell, the Senate minority leader. Chao continues as its Trustee Emeritus. Chao received her bachelor's degree in Economics in 1975 from Mount Holyoke College in South Hadley, Massachusetts. The pair established the Mulan Foundation in 1984. James Chao had a shipping business called Foremost Maritime Group worth billions. In 1964, he earned a B.A. 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. Washington's Bluegrass Ball in Washington, D.C., before President Trump's Inauguration in 2017. He served as the Deputy United States Assistant Attorney General from 1974 to 1975 under President Gerald Ford. She received more than two dozen honorary degrees from both American and Chinese universities. 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. Learn how your comment data is processed. She worked for the Foremost group for more than 10 years, before moving on to work for the New York State Consumer Protection Board. Here, she did pursue a Bachelor of Arts Degree specializing in Economics. Read on to find out who else is in, and who got passed over. 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. [11] For instance, she appeared in at least a dozen interviews with Chao, and she asked DOT staff to promote her father's biography. He worked as a sea captain before moving to the United States in 1958. James Chao net worth: James Chao is a Chinese American entrepreneur who has a net worth of $400 million. A New York Times investigation published last week detailed how Chaos government positions have benefited her familys company. Chao is not the only wife of her husband, Mitch McConnell. (adsbygoogle = window.adsbygoogle || []).push({}); 2023 Networth and Salary. He then met Elaine in the 1990s. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. She has 36k followers and15 following. 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. [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. She was dedicated to the Ruth Mulan Chu Chao Center by Hardware Business School in 2016. degree in political science from Louisville. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. + qs; Jeanette, James and Ruths second daughter, was five years old when she came to the United States from Taiwan. The pair married in 1951 and began their family. Her father is the founder of Foremost Group. Similarly, she is the first Asian-American woman in the history of the United States to be nominated in the Presidents Cabinet. 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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. 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. 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. 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. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. 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. She was last active on January 8, 2021, on her Facebook. 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. Their daughter Angela Chao serves as CEO of Foremost. He stated that he has no liabilities worth more than $10,000. Dry bulk shipping companies tend to carry between 40% and 60% debt, according to industry analysts. He is the father-in-law of Kentucky Senator Mitch McConnell. He decided to give even more. 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. Meanwhile, her beloved partner holds a staggering net value of$22.5 Million. The whole Chao family is the top donor of the Republican Party of Kentucky, granting approximately $525,000over two decades. Chao is the first winner of the Chinese American Academic and Professional Society Distinguished Lifetime Achievement Award (2004). She has also worked as Deputy Administrator of the Maritime in the USA and chair of the Federal Maritime Commission. She married Kentucky Senator Mitch McConnell in 1993. Elaine Chao was born on March 26, 1953 in China. wid: "428986", [6], Chao's daughter, Elaine, was Secretary of the Department of Transportation in the Donald Trump administration. 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.). also worked as the board of directors on several firms and worked for the Hudson Institute and The Heritage Foundation. 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. 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. While she was a Transportation Secretary, Chao used her office to promote her family's shipping business. Rick Monday Bio, Age, Height, Wife, Salary, Net Worth Dodgers. Her education details are unknown to date. But I will say to young women in my generation, we were taught that we could have it all. It is estimated that Elaine received about $9 million from her dad. 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. Author's husband wanted her to stop writing before 'faking her death for years', Putin readying 700k troops for new offensive in weeks to cut off Ukraine', Shock first photos inside Serena Williams' crumbling childhood home, Ana Walshe's pals reveal what 'delayed her fate' after husband charged, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, 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, resigned from her post on January 7, 2021. 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