Former United States Secretary of Labor Elaine Chao Net Worth is estimated to be $35 million as of 2024. Elaine functioned as United States Secretary of Labor from 2001 to 2009 and as United States Secretary of Transportation from 2017 to 2021. She was the foremost Asian-Pacific American female in a presidential wardrobe. Chao entered Taiwan at 8 years old and has grades from Mount Holyoke College and Harvard Business School. Check out Elaine Chao’s Biography, Age, Husband, Height, Weight, and many more details.
She operated for monetary organizations before having senior roles in the Department of Transportation under Presidents Ronald Reagan and George H. W. Bush. She also performed as Director of the Peace Corps and president of the United Way of America and has been on various corporate committees, including Hyliion and ChargePoint. Also, check Ron DeSantis Net Worth.
Elaine Chao Net Worth
Elaine Chao’s father, James S. C. Chao, is a triumphant Chinese-American shipping tycoon who launched the Foremost Group. The group runs 33 ships and was worth $1.2 billion before the deficit. The Chao family has an evaluated stake of $600 million in Foremost after accounting for the deficit with acquisitions from China’s Export-Import Bank and Taiwan’s First Commercial Bank.
Elaine has a smaller sister, anointed Angela, who is the CEO. Before 2007, Elaine and Mitch had a net worth of $3 million. After obtaining a legacy in 2007, their net worth rose to $12.7 million. Now, their declared net worth is as heightened as $35 million.
| Name | Elaine Chao |
| Profession | American businesswoman and former government official |
| Yearly Income | $3 Million + |
| Monthly Income | $2,00,000 + |
| Net Worth (2023) | $35 Million |
| Yearly Expenses | $6,00,000 |
| Party | Republican Party |
| Previous offices | United States Secretary of Transportation (2017–2021) |
Elaine Chao Net Worth Growth
| Elaine Chao Net Worth in 2023 | $35 Million |
| Elaine Chao Net Worth in 2022 | $32 Million |
| Elaine Chao Net Worth in 2021 | $29 Million |
| Elaine Chao Net Worth in 2020 | $26 Million |
| Elaine Chao Net Worth in 2019 | $23 Million |
Elaine Chao Biography
Elaine Chao, born in Taiwan in 1953, is the elder of 6 daughters. She repositioned to the U.S. at age 8 with her mom and sisters and faced the challenges of being an emigrant without learning English. Elaine visited elementary school in Taiwan and high school in New York.
Elaine became a U.S. resident at 19 and acquired a Bachelor’s grade in Economics from Mount Holyoke College, learning money and banking at Dartmouth College during her starting year. Her household resided in a small flat while her dad worked numerous jobs to feed them. She also got an MBA degree from Harvard Business School.
| Full Name | Elaine Lan Chao |
| Nick Name | Elaine |
| Date of birth | 26 March 1953 (age 70 years) |
| Birthplace | Da’an District, Taipei, Taiwan |
| Nationality | American |
| Hair Color | Brown |
| Eye Color | Black |
| Height | 5’ 3” |
| Weight | 54 Kg |
| Education | Mount Holyoke College, Syosset High School, Massachusetts Institute of Technology, Columbia University, Dartmouth College, Harvard Business School |
| Parents | James S.C. Chao, Ruth Mulan Chu Chao |
| Siblings | Angela Chao, Christine Chao, Grace Chao, May Chao, Jeanette Chao |
| Profession | American businesswoman and former government official |
| Net Worth | $35 Million |
Elaine Chao: Career and Awards
Elaine had a triumphant early career, operating as Vice President for Syndications at Bank of America and an International Banker at Citicorp. She also acted in diverse government posts, including Deputy Secretary of Transportation, Deputy Administrator of the Maritime Administration, and Chairwoman of the Federal Maritime Commission. Elaine was also the Director of the Peace Corps and raised its agendas in Eastern Europe and Central Asia.
An investigation was established in September 2019 to determine if Chao used her position to aid her household’s business stakes. The Inspector General found ethics offenses, but no criminal inquiries were opened. In May 2020, the acting Inspector General analyzing preferential treatment to Kentucky projects was dismissed by the Trump administration. Chao entered Kroger’s board of directors in August 2021 and holds multiple honorary doctorates. Check out Pope Francis Net Worth.
Elaine Chao Social Media Accounts
| Almost 6.6K Followers | Click here | |
| Almost 4.2K Followers | Click here | |
| YouTube | N/A | Click here |
| Almost 1K Followers | Click here | |
| N/A | Click here | |
| Soundcloud | N/A | Click here |
Elaine Chao: Relationships & More
In 1993, Elaine Chao wedded Mitch McConnell, a U.S. Senator from Kentucky. McConnell is an American politician and counselor serving in his seventh term as a senator and presently carries the role of Senate Minority Leader.
McConnell visited the University of Kentucky J. David Rosenberg College of Law in 1967. They have 3 kids anointed: Elly, Porter, and Claire McConnell.
| Affairs | N/A |
| Boyfriends | N/A |
| Marital Status | Married |
| Spouse | Mitch McConnell (m.1993) |
| Divorce | N/A |
| Children | Elly, Porter, and Claire McConnell |
Conclusion
In Conclusion, Elaine’s outstanding career has been marked by unique skills in both the private and public sectors. As a brilliant entrepreneur, she has made strategic determinations that have significantly improved her net worth through triumphant acquisitions and pinpointing lucrative prospects.
Elaine has made noteworthy contributions as a government officer, shaping guidelines that impact countless lives. Her commitment to serving the American people recalls her virtue. Chao’s journey towards monetary triumph is a motivation for desiring entrepreneurs, showcasing the power of perseverance and business aptitudes.
Frequently Asked Questions
What is the net worth of Elaine Chao?
Elaine Chao’s net worth is around $35 Million.
What is the age of Elaine?
Elaine is 70 years old. (b.26 March 1953)
How tall is Chao?
Chao is 5’ 3” tall.
What is the eye color of Elaine Chao?
Elaine Chao has black-colored eyes.
Is Elaine married, and with whom?
Yes, she is married to Mitch McConnell (m.1993).
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