Elaine Chao is the current United States Secretary of Transportation. She has been a member of the Republican Party. She is not new to government appointments. She has been able to work as part of the cabinet during the reign of President George W. Bush. She has also been to work as director of Peace Corps. Here is a quick summary of Elaine Chao’s net worth in 2018, career and earnings.
Elaine Chao Early Life
Elaine was born in the year 1953 on March 26th. When she was eight years old, together with her family. She is the first born in a family of six children. Her parents were Ruth Mulan Chu Chao and James Si-Cheng Chao. Chao did study in Tsai Hsing Elementary School that was located in Taipei. Later, she went on to join Syosset High School that was located in Syosset, New York. She became a full citizen of the United States of America when she was nineteen years. After completing her high school studies. She did study at Mount Holyoke College.
Here, she did pursue a Bachelor of Arts Degree specialising in Economics. She has been able to study money and banking Dartmouth College. In the year 1979, she was able to graduate with MBA degree. She pursued her MBA in the prestigious Harvard University. She has been able to be awarded 36 honorary doctorates. The most recent is Doctor of Humane Letters degree from the Georgetown University. She got married in the year 1993 to Mitch McConnell. Mitch was a senator and has been able to serve as Senate Majority Leader. She has admitted to having regrets of not conceiving. This was one of the prices that she did pay for her huge success.
Elaine Chao Career, Awards & Achievement
Chao has been able to serve as the vice president of Bank of America before being able to join Public Service. She later did work at International Bank, Citicorp. She was in Citicorp for four years. She received a White House Fellowship in the year 1983. In the year 1986, she was appointed as the Deputy Administrator of the Maritime Administration. In the year 1988, she did work as the chairwoman of the Federal Maritime Commission.
In the year 1989, retired President George W. Bush did appoint her as the deputy secretary of Transportation. She worked in this portfolio for over two years. In the year 1991, she became the Director of the Peace Corps. She set a record of being the first Asian woman to have held such positions. In her career as Director Peace Corps, she was able to enhance the growth of Peace Corps in Europe and Asia. She has been able to sit on the board of management of very many corporations as well as nonprofit organizations. In the year 2016, she was appointed as the Secretary of Transportation. She easily received approval from the U.S Senate.
Awards and Achievements
Chao has been able to have a decorated career in the public sector as well as in banking. She has helped in the growth of very many organizations. Her vast experience has seen her land very big appointments from two presidents of the United States of America. Universities have applauded her work and awarded her more than 36 Doctorates degrees.
Net worth of Elaine Chao
Chao has a net worth of over $25 million. This wealth has come from her expansive career both in the public sector as well in the corporate world. Together with her family, they were able to donate more than $40 million to offer scholarships in Harvard to students studying there.
Chan has been able to create a very good track record in the public service. She has been able to demonstrate very good leadership skills as well as show that leadership can be used to good to the members of the public. She has created a legacy for herself in the history of United States of America.