Jan 7, 2021 – Chao, wife of Senate Majority Leader Mitch McConnell (R-Ky.), is the first cabinet secretary to resign over the Wednesday incident…
The same can’t be said for his wife, Trump’s Secretary of Transportation, Elaine Chao. Despite some controversial accusations regarding a conflict of interest between her family’s business and her political role, Chao was actually one of President Donald Trump’s less controversial Cabinet picks, getting approval from both Republicans and Democrats, which doesn’t often happen (via US News and World Report). With an impressive political resume that starts back in 1989, Elaine Chao served under both Bushes and was the first Asian-American woman to serve in a U.S. president’s Cabinet (via ABC News).
… she immigrated to the U.S. at the age of 8 and didn’t speak a word of English. She has since been considered by some to be one of the most powerful women in Washington (via Town & Country).
… Elaine came to the U.S. on a cargo ship when she was just 8 years old. Chao became a U.S. citizen at 19, graduated from Mount Holyoke College soon after, and eventually got a degree from Harvard Business School. Before entering the political fray, Chao worked in banking and was eventually selected as one of 12 White House fellows during the Reagan administration.
In 1989 Chao started her political career when she was appointed the deputy secretary of transportation under George H.W. Bush. She held that role until 1991 when Bush Sr. appointed her director of the Peace Corps and the following year she became President of the United Way (via PBS).
In 1993 Elaine married Mitch McConnell and began her steadfast championing of his political career while maintaining her own as well. From 2001 to 2009, Chao served as secretary of labor under George W. Bush, and was the only member of his cabinet to serve all eight years.
While her appointment to the Trump administration was anticipated, a slew of controversies, including a PPP loan awarded in the amount of more than $350,000 to a successful shipping company started by her family (via Newsweek) and a House Oversight and Reform Committee investigation into Chao using her political position to benefit the same family business (via Newsweek).
How Mitch McConnell made his money
Senate Majority Leader Mitch McConnell… who’s been a senator since 1985, was worth a mere $3.1 million as recently as 2004. As of now, his net worth is estimated at $34,137,534. How did it increase by more than tenfold?
…he got his riches… — the “old-fashioned way.” No, not through hard work and perseverance, but through marriage and inheritance.
…he really hit the jackpot when he married his second wife, Elaine Chao, in 1993. Her father, James S. C. Chao, is the founder of the Foremost Group, a New York-based shipping company that Celebrity Net Worth says is valued at an estimated $1.2 billion before debt.
But the ship never left the dock in Colombia after inspectors searched the vessel and found 90 pounds of cocaine stashed in 40 separate packages.
Jun 2, 2020 – McConnell first entered the chamber in 1985. A senator earned $75,100 in 1985, and that has risen to $174,000 as of 2009, Senate records show. (No pay raise has taken place since then.) He earns a…