Elaine Chao, Transportation

A $59 Million Will Sheds Light On Shipping Fortune Connected To Elaine Chao And Mitch McConnell Forbes June 10, 2019 Michela Tindera

Elaine Chao’s father, James Chao, gave her and Mitch McConnell “$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”.  Split evenly according to her will, Tindera notes she “would have received about $9 million from her father, rather than the $25 million maximum that was reported on McConnell’s disclosure”.