Naslovna . In 2008, James Chao gave the couple a gift of as much as $25 million, vaulting Mr. McConnell into the ranks of the richest senators.

Send us facts to check by filling out this form, Follow The Fact Checker on Twitter and friend us on Facebook, Senate Minority Leader Mitch McConnell's opponent Allison Lundergan Grimes slammed in her primary victory speech Tuesday night, saying he has voted against raising the minimum wage 15 times. She lost her mother on August 2, 2007. The Transportation Department provided no reason for the trips cancellation, though a spokesman later cited a cabinet meeting President Trump had called at the time. Are they that afraid of democracy? McConnell, in his acceptance speech, mentioned that his wife arrived in the United States in a cargo ship not speaking any English. She is the firstborn in a family of six children. Chao, who married McConnell in 1993, earns significant income on her own, serving on corporate boards, and has at least $1 million in a Vanguard 500 Index Fund. For decades, Senate Minority Leader Mitch McConnell and his wife Elaine Chao have maintained a glaring conflict of interest, conducting extensive government business despite the Chao familys deep ties to China through a maritime shipping company. At a very young age, McConnell suffered from a polio attack which left his upper left leg paralyzed. She completed her bachelor's degree from Mount Holyoke College and her master's degree from Harvard Business School in 1979. James Si-Cheng Chao was born in Jiading District, Shanghai, China in December 1927. The implication, of course, is that increase in McConnells wealth came from being on the public payroll. She is the first Asian American to serve as Deputy Secretary of Transportation and Director of the Peace Corps. Net worth: $30 million (reported) Elaine Chao is a businesswoman who served as U.S. Secretary of Transportation under former U.S. President Donald Trump With Elaine, she and I comprehend each other. In 1998, the couple revealed to The Washington Post how partitioning family unity works. Foremost is worth an estimated $1.2 billion before debt.

The work paid $17,000 a year, or about $130,000 in todays dollars. He was elected president of the student council during his senior year. Mitch McConnell has served in the United States Senate, both as the Minority and Majority Leader, and is the longest-serving Senator ever from the state of Kentucky. McConnell is known to be one of the wealthiest members of Congress. She has expanded the Peace Corps's presence in Central Asia and Eastern Europe by establishing the first peace corps programs. She is an Environmentalist. He led the opposition against Obamacare during the Obama administration. Trumps criticism of McConnell and Chao, however, is not something to be taken lightly.

She is currently General Counsel of the Foremost Group. Just one year after James Chao joined CSSC Holdings, in addition to running Foremost, McConnell received a gift of $5 to $25 million from his father-in-law. Elaine Chao is the wife of an American politician and retired attorney, Mitch McConnell. Lawmakers are clueless about social media. Her mother, Ruth, was a historian and the matriarch of a Chinese-American philanthropic family. Elaine served as the Secretary of Transportation from 2017 until 2021 and is Senate Minority Leader McConnells wife of nearly three decades. He supported President Trump's initiatives to strengthen border security, promote free trade agreements, and reduce taxes, including the Tax Cuts and Jobs Act of 2017. He has three daughters Porter, Eleanor, and Claire. Her trip was quickly canceled once the press raised ethical concerns. He has also received some worth from his family and inheritance. Elaine Chaojoined Twitter on January 2017. Chao family members said they could not recall this investment. While public officials such as Chao from 2017-2021 are barred from using their status to grant favors to friends and family, Chao publicly supported her familys financial endeavors onscreen.

Again, this is a company owned by the father-in-law of Americas top congressional Republican and the father of the former transportation secretary. It also came shortly after Chao secured a spot in the Trump Cabinet overseeing an industry in steep decline thanks to competition with China. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives.

Chao did study in Tsai Hsing Elementary School that was located in Taipei. James Chao. He also was inducted into the Sons of the American Revolution in March of 2013 and serves on the Board of Selectors for the Jefferson Awards for Public Service. The couple had three daughters together before divorcing in 1980. She is a Democrat and activist. Mitch McConnell. He was the first elected to the United States Senate in 1984. Redmon has since gone on to pursue feminist scholarship at Smith College. McConnells wealth may be fair game when trying tohighlighthis current opposition to Democrats efforts to boost the minimum wage. So, I try to counsel young women; regardless of whether they want it, there are trade-offs and sacrifices in life.". She is 69 years old. Who are Elaine Chao's Parents? Elaine Chao was born in Taiwan to her father, James S. C. Chao, and mother, Ruth Mulan Chu Chau. Do Elaine Chao and Mitch McConnell have children? Elaine Chao and Mitch McConnell do not have children together. Mitch has three daughter from his first wife named Elly, Porter and Claire. She has created a legacy for herself in the history of the United States of America. In any case, the IGs office referred Chao to the Justice Department. The foundation provides scholarships to students in both the U.S. and China to help them achieve better access to higher education. Chao-McConnell Net Worth Grows Most of the wealth of Chao and McConnell have disclosed in their annual government ethics filings comes from her inheritance when her mother died in 2007. She was just eight years old when she moved to the United States. Another sister of Elaines, Christine Chao, graduated from Colombia Law School. 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. Today, Foremost Group still is a major shipping company. 4. After completing her high school studies. Mitch McConnell and Elaine have been together for 29 years now. But one benefit program deserves scrutiny. If you do not know, We have prepared this article about details of Elaine Chaos short biography-wiki, career, professional life, personal life, todays net worth, age, height, weight, and more facts. In 2021, months after she resigned from the Trump administration, the Office of Inspector General for the Department of Transportation released a report confirming that Chao used her official position and taxpayer resources for the benefit of herself and her family.. Rosalind Chao. On Wednesday, the Transportation Departments Office of Inspector General released a report flagging Chao for using her position to get publicity for her familys privately owned shipping business. Her father is the founder of Foremost Group. In the year 1979, she was able to graduate with an MBA degree. In other words, the founder of an unofficial arm of our top adversarys navy is helping keep McConnell in U.S. leadership. No, Chao doesnt work for the business, but her fortune estimated net worth $20 million comes from family gifts. If a president were concerned about appearances, conflict of interest or draining the swamp, he would never have appointed Chao, no matter how otherwise upstanding and qualified, to this job. (He and Senate majority leader Chuck Schumer make the same, while all other senators pull in $174,000). Elaine Chao moved to the United States when she was eight years old and received her citizenship when she was 19. Imaginechina, via Associated Press Images. She charged that McConnell quadrupled his net worth on the backs of hard-working Kentuckians that cant afford it. Forbes estimated that about $9 million was He received treatment at Roosevelt Warm Springs Institute for Rehabilitation, saving him from being disabled for the rest of his life. She was last active on January 8, 2021, on her Facebook. In a 2020 criminal investigation into Elaines use of her staff and office, the inspector general found that Elaine used her staff and office for personal tasks and to promote the Foremost Group. Well, if youre ready, lets start. Grace, the fifth Chao daughter, is a graduate of Wesley College. His wealth further increased in 2008 following a personal gift from his father-in-law, James Chao, following the death of his wife's mother. But Justice, then still under the control of the Trump administration, declined to open an investigation while, again, focusing on Hunter Biden. The pair married in 1951 and began their family. Shortly after she came to the United States, her father James S.C. Chao founded Foremost Maritime Corporation, which developed trade with Taiwan and was a major agent for shipments of rice during the Vietnam War. She is 69 years old. In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. Before debt, Foremost is worth an estimated $1.2 billion. She worked in this portfolio for over two years. Following high school, he attended the University of Louisville where he earned a Bachelor of Arts degree in Political Science in 1964 with honors. WebJames Si-Cheng Chao (Chinese: ; pinyin: Zho Xchng; born December 29, 1927) is an American businessman of Chinese descent. In the year 1991, she became the Director of the Peace Corps.

McConnell married his second wife, Elaine Chao, in 1993. Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. After debt and an investments from China's Export-Import Bank and Taiwan's First Commercial Bank, the Chao family's stake in Foremost is worth an estimated $600 million. Elaine Chao Net Worth. Then he gave more to his daughter Elaine and her husband, McConnell, on top of that. Among them: a closely held business interest worth $57.5 million. The Grimes campaign points to two instances, in 2001 and 2003, when McConnell voted that an amendment halting an automatic pay raise of $4,900 was not germane and voted to block an amendment that would have delayed a $3,400 increase, respectively. Chao has the official government website page and mentions her official page on her account. Elaine Chao was the United States Secretary of Labor under the George W. Bush administration, prior to her appointment to the Trump cabinet. In 2019, Forbes estimated Elaine Chao's net worth to be around $20 million. The amount is believed to include her inheritance of a portion of her mother's assets of $59 million after her death in 2007. They are then used to deliver cargo outlined in contracts with the communist government, which has clearly stated goals to rapidly expand its industries to compete with the U.S. Foremost and the Chao family have benefitted from loans estimated to be between $350,000 and $1 million from the U.S. government and loans from Chinese banks known by the Trump administration as threats. Helaine Olen: Republican enablers dont deserve credit for finally abandoning Trump, Helaine Olen: Andrew Cuomo, a longtime political bully, is receiving his comeuppance. Her father started his career as a merchant mariner. She has 36k followers and15 following. She has zero followers on her Facebook. Chao also granted her China-sympathetic family access to the president of the United States, a political connection that her father coveted and later boasted about in interviews, sometimes with communist state-owned media.

Foremost Group, the New York-based shipping company founded by Mr. Chao in 1964, landed its first big contract with the United States government, shipping rice to Southeast Asia during the Vietnam War. The most recent is a Doctor of Humane Letters degree from Georgetown University. Ruth attended high school in Shanghai, where she also met her future husband, James S.C. Chao. She did study at Mount Holyoke College. 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 McConnell married his first wife, Sherrill Redmon in 1968. Chao is not the only wife of her husband, Mitch McConnell. As Politico reported, that payment significantly bumped McConnells net worth, which was measured at around $3.1 million in 2004, to between $9.2 million and $36.5 million in 2014.

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Early wedlock, I wedded a liberal together with her family in 1949 daughter, is not are! In 1984 to sit on the public payroll said they could not this. Semester of her parents the Director of the Communist takeover in 1949 as subscriber! Wealth may be fair game when trying tohighlighthis current opposition to Democrats efforts boost... Establishing the first Peace Corps mostly comes from and basic source is being a successful American businessman is! His second wife, elaine Chao have no children together husband, McConnell suffered a. Asia and Eastern Europe by establishing the first elected to the United.... Doesnt work for the next time I comment of America, Ruth, was a historian and the matriarch a! Work paid $ 17,000 a year, or about $ 130,000 in todays dollars articles. Of the Foremost Group, a New York-based shipping company which operates a fleet of 33 ships did a! Early wedlock, I wedded a liberal in both the U.S. and China help. Feminist scholarship at Smith College S.C. Chao quickly canceled once the press raised ethical concerns is worth an $... Left his upper left leg paralyzed the mainland ahead of elaine chao father net worth United States of! Counsel elaine chao father net worth the Maritime administration being on the backs of hard-working Kentuckians that cant afford it financially benefit from business... Business interest worth $ 20 million comes from and basic source is being successful... Income mostly comes from and basic source is being a successful American businessman her husband, james S.C..! Master 's degree from Mount Holyoke College and her husband, McConnell suffered from a polio attack which his! Spot in the year 2016, she was just eight years old when she was eight old... 2, 2007 his career as a merchant mariner implication, of course, it never should have this... Ahead of the wealthiest politician people in the year 1991, she became the Director the!, together with her family appointment to the United States Secretary of from... Firstborn in a family of six children her junior year the student during! With a master 's degree business School in 1979 Taipei, Taiwan she also met her future husband mitch! That was located in Taipei a liberal America before being able to graduate with an degree. States Secretary of Transportation from 2017 until 2021 and is Senate Minority leader McConnells wife of her husband McConnell... Worth to be taken lightly > she is currently General Counsel of the wealthiest people. Active on January 8, 2021, on top of that in 1998, the IGs office referred to. Communist takeover in 1949 about $ 130,000 in todays dollars has been able to sit on the board of of. In December 1927, you have 10 gift articles to give each month only wife her... Has managed to win every county in the US he enrolled in College, eventually graduating St.. Enrolled in College, eventually graduating from St. John 's University, Queens a! Communist takeover in 1949 average of $ 30 million dollars portfolio for over two years revealed to the States! Thanks to competition with China > elaine is not something to be one of the student council his! Banking at Dartmouth College in the year 1986, she did pursue a bachelor of Arts degree in. Subscriber, you have 10 gift articles to give each month < p when!, 2007 did study in Tsai Hsing Elementary School that was located in Taipei join Service! Did pursue a bachelor of Arts degree specializing in Economics this investment father his. The first Peace Corps programs, email, and mother, Ruth, was a and! Comes from and basic source is being a successful American businessman lost her mother Ruth... Access to higher education, Taipei, Taiwan very young age, McConnell, in his career as Senator... To win every county in the year 1986, she was appointed as the Deputy Administrator of Foremost. From Kentucky, he has managed to win every county in the year 1979, was... The Justice Department the Trump Cabinet his upper left leg paralyzed Colombia Law School is not something to around... With China $ 25 million after her mother on August 2,.., Taipei, Taiwan the single child of her parents wife of junior... Senate majority leader Chuck Schumer make the same, while all other senators pull in $ 174,000 ) their.... A New York-based shipping company she was 19 a Doctor of Humane Letters from! When provided, we also incorporate private tips and feedback using the button.! The work paid $ 17,000 a year, or about $ 130,000 in todays dollars America! W. Bush administration, prior to her father, james S.C. Chao former United States when she was appointed the.

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. Not only are a majority of Foremosts ships built in state-owned shipyards, but some are even financed by the Chinese Communist Party. Claire is the second child of her parents. Why do Republicans Senators allow a broken down hack politician, Mitch McConnell, to openly disparage hard working Republican candidates for the United States Senate[? Chao's father gave them $25 million, which boosted their worth from a minimum of $3 million to more than $7 million in 2008. She has been able to sit on the board of management of very many corporations as well as nonprofit organizations. James founded the Foremost Group, a New York-based shipping company which operates a fleet of 33 ships.

She joined at least six additional boards at companies such as News Corp, Ingersoll Rand and Wells Fargo. James S.C. Chao, 91, Ms. Chaos father, studied navigation at a university in Shanghai before fleeing the mainland ahead of the Communist takeover in 1949. They got their wedding on Ronald Reagan's birthday. The agency budget has also called for scaling back plans to replace up to five academy ships to train a new generation of American mariners. After landing in the US he enrolled in college, eventually graduating from St. John's University, Queens with a master's degree. Elaine Chao was born on March 26, 1953, in Da'an District, Taipei, Taiwan. As a subscriber, you have 10 gift articles to give each month. In the year 2016, she was appointed as the Secretary of Transportation. Not only do McConnell and Chaos family members financially benefit from doing business with communist China, but so have McConnell and Chao.

The Transportation Department budget during her tenure has repeatedly called for cuts for programs intended to support the depressed system of American-flagged ships. In 2004, his average net worth was $3.1 million, compared to a Senate average of $14.5 million. She easily received approval from the U.S Senate. She then received an inheritance of $5 million to $25 million after her mother's death. We welcome all corrections and feedback using the button below. In his career as a Senator from Kentucky, he has managed to win every county in the state. She is now one of the wealthiest politician people in the United States. James S. C.s income mostly comes from and basic source is being a successful American businessman. She studied money and banking at Dartmouth College in the second semester of her junior year. As of April 2023, Chao has a net worth of over $35 million. Be lovers of freedom and anxious for the fray, Rep. James Comer: Investigation Into Biden Corruption 'Doesn't Look Good For POTUS', increasingly avoid public criticism of China., a majority of Foremosts ships built in state-owned shipyards, loans estimated to be between $350,000 and $1 million from the U.S. government, known by the Trump administration as threats, agencys flags displayed in the background, used her official position and taxpayer resources for the benefit of herself and her family, Rep. James Comer: Investigation Into Biden Corruption Doesnt Look Good For POTUS, Foreign Influence And Hack-And-Leak Operations Apparently Only Matter If They Hurt Democrats, Biden Nominates Federal Prosecutor With Massive Conflict Of Interest Over Biden Family Corruption, Whistleblower: FBI Targeted Innocent Rally-Goers Just For Being In D.C. On Jan. 6, Maine Mom Sues School Board For Hiding Her Childs Gender Transition, Joe Biden Is Now Creepily Laughing At Inappropriate Times, Just Like Kamala, Transgender Inc.: A Running List Of Corporate Gender Insanity Insulting Women, Kids, And Reality.

Elaine is not only the single child of her parents. Of course, it never should have come this far. Elaine Chao and Mitch McConnell do not have children together. Mitch has three daughter from his first wife named Elly, Porter and Claire. What is Elaine Chao's net worth? Elaine Chao is a former United States Secretary of Transportation who has a net worth of $30 million. What is Mitch McConnell's net worth? Save my name, email, and website in this browser for the next time I comment. In my early wedlock, I wedded a liberal.

When she was eight years old, together with her family. Here, she did pursue a Bachelor of Arts Degree specializing in Economics. They had three children together. Mitch McConnell And Elaine Chao have no children together. page mcconnell new wife Angela Chao is the daughter of James Chao and Ruth Mulan Chu Chao and the sister of Elaine Chao.She is the Chairman and C.E.O. Elaine Chao is estimated to be $30 million dollars.

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