As of 2024, Former United States Secretary of Labor, Elaine Chao’s Net Worth is estimated to be $35 million. 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 earnings, Age, Husband, Assets, and Income sources.

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.

NameElaine Chao
ProfessionAmerican businesswoman and former government official
Yearly Income$3 Million + 
Monthly Income$2,00,000 + 
Net Worth (2024)$35 Million
Yearly Expenses$6,00,000
PartyRepublican Party
Previous officesUnited States Secretary of Transportation (2017–2021)
Elaine Chao Income

Elaine Chao Net Worth Growth

Elaine Chao Net Worth in 2024$35 Million
Elaine Chao Net Worth in 2023$32 Million
Elaine Chao Net Worth in 2022$29 Million
Elaine Chao Net Worth in 2021$26 Million
Elaine Chao Net Worth in 2020$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 NameElaine Lan Chao
Nick NameElaine
Date of birth26 March 1953 (age 70 years)
BirthplaceDa’an District, Taipei, Taiwan
Hair ColorBrown 
Eye ColorBlack
Height5’ 3”
Weight54 Kg
EducationMount 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
SiblingsAngela Chao, Christine Chao, Grace Chao, May Chao, Jeanette Chao
ProfessionAmerican 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 Biography

Elaine Chao Social Media Accounts

TwitterAlmost 6.6K FollowersClick here
FacebookAlmost 4.2K FollowersClick here
YouTubeN/AClick here
LinkedInAlmost 1K FollowersClick here
PinterestN/AClick here
SoundcloudN/AClick 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.

Marital StatusMarried
SpouseMitch McConnell (m.1993)
ChildrenElly, Porter, and Claire McConnell


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.


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).


Elaine Chao Balance Sheet

Join the Discussion