Glusea brings to you Elaine Chao net worth 2023. She is an American politician who serves as the United States Secretary of Transportation, having assumed office on January 31, 2017. A member of the Republican Party, Chao was previously Secretary of Labor under President George W. Bush from 2001 to 2009.
Elaine Chao Biography
Born in Taipei, Taiwan, Chao immigrated to the United States when she was eight years old. Her father founded the Foremost Group, which eventually became a major shipping corporation.
Chao was raised on Long Island, New York and subsequently received degrees from Mount Holyoke College and Harvard Business School.
She worked for a number of financial institutions before being appointed to several senior positions in the Department of Transportation under Presidents Ronald Reagan and George H. W. Bush, including Chair of the Federal Maritime Commission (1988–1989) and Deputy Secretary of Transportation (1989–1991).
She then served as Director of the Peace Corps (1991–1992) and as president of the United Way of America (1992–1996).
While not in government, Chao has served on several boards of directors and worked for The Heritage Foundation and the Hudson Institute, two conservative think-tanks. Chao served as Secretary of Labor for the duration of George W. Bush’s presidency and serves as Secretary of Transportation under President Donald Trump.
Chao was the first Asian-American woman and the first Chinese American or Taiwanese American in U.S. history to be appointed to a President’s Cabinet. Chao married U.S. Senator Mitch McConnell in 1993
Elaine Chao Net Worth
Elaine Chao net worth is estimated $24 million Federal financial disclosures list assets in wide ranges. The totals in McConnell’s disclosure jumped from a range of $3.1 million to $12.7 million in 2007 to $7.3 million to $33.1 million in 2008. The big reason for that increase: a $5 million-to-$25 million gift from the elder Chao in memory of Elaine’s mother, Ruth, who died at age 77 in 2007.