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Interestingly enough, as the Secretary of Labor, Elaine was the only member of George W. Bush’s administration to remain in her position for all eight of his years in office. Elaine Chao, President-elect Donald Trump's nominee for Transportation secretary, will have her Senate confirmation hearing next week. In April 2008, Chao's father gave Chao and McConnell between $5 million and $25 million, which "boosted McConnell's personal worth from a minimum of $3 million in 2007 to more than $7 million" and "helped the McConnells after their stock portfolio dipped in the wake of the financial crisis that year ". Baker Library Historical Collections. McConnell’s net worth was about $26.7 million in 2016, according to a Center for Responsive Politics estimate. This inheritance is valued at between $5 million and $25 million. In 2016, Harvard Business School dedicated the Ruth Mulan Chu Chao Center in her honor, making it the first building at the business school named for a woman and an Asian American. Ruth Mulan Chu Chao (Chinese: 趙朱木蘭; pinyin: Zhào Zhū Mùlán; March 19, 1930 – August 2, 2007) was the matriarch of a Chinese-American philanthropic family. Elaine worked in that role from 1989 to 1991. [13], In 2012, the Chao family donated US$40 million to Harvard Business School,[14] supporting the US$35 million construction of the Ruth Mulan Chu Chao Center and US$5 million to endow a scholarship fund, the Ruth Mulan Chu and James Si-Cheng Chao Family Fellowship Fund, for students of Chinese heritage. Foremost is worth an estimated $1.2 billion before debt. [6] They only had resources for Chao's husband to travel to the United States, and it took three years of separation before they were reunited in the U.S.[8] Their family settled for several years in Jamaica, New York, and later moved to Syosset, New York. Public filings report that the Ruth Mulan Chu Chao Foundation gave $20 million to Harvard in two payments, in 2012 and 2014, along with a donation of approximately $19.6 million in 2016. © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved, Mitch McConnell's Wife Elaine Chao Comes From An Extremely Rich Family. Although Chao wasn’t in public office, she still made her political views very known. Using internal emails, sworn testimony, and other documents, Snopes was able to break down exactly how the Public Interest Legal Foundation (PILF) worked to "generate, create, organize and weaponize" misleading narratives. If you recognize his name, that’s because now he is the Senate Majority Leader of Kentucky. Mrs. Ruth Mulan Chu Chao, the late wife of Dr. James S. C. Chao, and the mother of their six daughters, is the “beloved matriarch of this most prominent and accomplished Chinese-American families.”1 Born in Anhui Province, China to a distinguished family that believed in the education of girls, she attended the famous and distinguished Ming-de High School in Nanjing. She also worked as a banker for Citicorp in New York. [8], Ruth Mulan Chu Chao died on (2007-08-02)August 2, 2007, in New York, after a seven-year battle with lymphoma.

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