gina raimondo net worth before governorgina raimondo net worth before governor

Prior to holding this position, she was the governor of Rhode Island. Gina Marie Raimondo was born on May 17, 1971, in Smithfield, Rhode Island, U.S. She is 49 years old as of 2020. [5] While in office, Raimondo was elected to serve as vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. This site uses Akismet to reduce spam. [98][99] Raimondo has argued that the chip shortage presents a national and economic security threat to U.S. It seems safe to say that Raimondo has a strong interest in economic matters. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. In less than two years in Washington, Ms. Raimondo has emerged as one of President Bidens most trusted cabinet officials. As of now, Raimondo is a venture capitalist. In total, Raimondo has four degrees. [34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. Her mother had shone in a job in human relations at U.S. Rubber, Ms. Raimondo said, but she was dismissed when she became pregnant, a common policy at the time. Those criticisms have been fanned by rumors in recent months that the White House is considering Ms. Raimondo to serve as the next Treasury secretary if Janet L. Yellen, the current occupant of that post, eventually steps down. [67] In a period between January 2016 and December 2017, there were 31 fatalities or near fatalities of children in its care, with eight being confirmed fatal. So far, he has managed to win not one but two elections for said position, with the second time being an uncontested victory. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. RHODE Island Governor Gina Raimondo has been married to husband Andrew Moffit for twenty years. [19], Raimondo graduated from LaSalle Academy in Providence. [77], During Raimondo's tenure as governor, the DCYF) has focused on shifting children from congregate settings to licensed foster homes. A widely criticized rollout of a new computer network system for the Rhode Island Executive Office of Health and Human Services dubbed the "Unified Health Infrastructure Project" (UHIP) in September 2016 saw scores of people without access to government programs such as food stamps and child care due to glitches in the software, designed by Deloitte. However, she went on to enter a venture capital firm where she served as the Senior Vice President for Fund Development at its Manhattan offices. Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate. The governor is now getting . Her political career is her primary source of income. Ms. Raimondo says she is eager to lead the Commerce Department through its next chapter as it tries to build up Americas manufacturing sector. Last year, Moffit switched jobs to became chief people officer of a company named PathAI, which is developing technology to help diagnose and treat diseases. [70] Rep. Patricia Serpa and Rep. Charlene Lima called for Piccola's resignation, which finally occurred in July 2019. [22], Raimondo attended New College, Oxford as a Rhodes Scholar, where she received a Bachelor of Arts (later promoted to Master of Arts by seniority) and Doctor of Philosophy in 2002 in sociology. As Secretary of Commerce, she has stated that her mission and that of the department is to grow the economic opportunities for workers and businesses. Raimondo has degrees from Harvard and Yale and is a Rhodes Scholar from Oxford University. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. She is a famous American Politician and former 75th Governor of Rhode Island since 2015 and she is the first woman who holds this position. ", Democratic Governors. Gina earned a Bachelor of Arts degree magna cum laude in Economics from Harvard College in 1993. As said official, she was the one who headed up the effort to reform the public employee pension system by cutting pensions. CreditJared Soares for The New York Times. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. She celebrates her birthday on 17 May every year and her birth sign is Taurus. Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. WEST LAFAYETTE, Ind. [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. The next day, then-Governor Lincoln Chafee signed RIRSA into law. Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. Joe Biden's pick, former Rhode Island Governor Gina Raimondo, is in a different league than her predecessors, worth somewhere in the neighborhood of $10 million. Could the next one be too big? [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Critics of the Biden administrations plans have noted that the federal government may not be the best judge of which technologies to back. She entered politics in 2010, when she successfully ran for the position of general treasurer of Rhode Island. Raimondo is viewed as a relatively traditional choice for commerce secretary. [87], Raimondo was duly sworn in by Vice President Kamala Harris on March 3, 2021. They have warned that if the administration gets it wrong, the United States may surrender its leadership in key technologies for good. Donald Trumps commerce secretary, Wilbur Ross, was worth an estimated $600 million. [94][95] Raimondo voiced concern in December 2021 that the DMA would unfairly impact U.S.-based tech companies such as Google and Apple. "Gina M. Timeline: Highlights of Gina Raimondo's six years as governor of RI. She was also the first female governor of Rhode Island. Learn how your comment data is processed. Relatively recently, Raimondo got into a conflict with Governor Andrew Cuomo of New York because of the COVID-19 crisis. She also led the Democratic Governors Association from 2018 to 2019. As Secretary of Commerce, Raimondo has stated that "The Commerce Department has a simple but vital missionto spur good-paying jobs, empower entrepreneurs to innovate and grow, and help American workers and businesses compete.". Strongly Oppose: 3%. Identities Podcasts People Ai. In 2007, Rhode Island current governor and former state treasurer, Gina Raimondo was a co-founder and partner in a very small local venture capital firm with very little money under. Ms. Raimondo has also presided over the most aggressive use of the Commerce Departments regulatory powers in a generation. Both Ceci and Tommy are school kids at the moment. jack gee, jr Uncategorized. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. Raimondo is a practicing Roman Catholic and was one of the first girls to graduate from the La Salle Academy, a Catholic school in Providence. Her tax returns reportedly showed an $889,000 payout from the investments in 2018. Gina is the youngest of three children born to parents, Josephine (mother) and Joseph Raimondo (father). Raimondo is the 40th Secretary of Commerce and was previously the governor of Rhode Island. 1:38. In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. Gina Raimondo is the current U.S. Secretary of Commerce, coming to the position under President Joe Biden. did jason donofrio married amelia. Their assets now largely consist of benign holdings like diversified stock funds, bond funds and cash. Jennifer Granholm is the Secretary of Energy. However, she has also raised the minimum wage to $11.50, provided free tuition at community colleges, and financed the single biggest infrastructure program in her states history. Basically, what happened was that she implemented measures to make sure that people from New York would self-quarantine for 14 days, which was motivated by said state being a hotbed for the novel coronavirus. Meanwhile, her supporters claimed that the investments in hedge funds served to stabilize the portfolio for more consistent returns over time than otherwise possible. Gina was a senior vice president for fund developments at a company called Village Ventures in New York. U.S. Secretary of Commerce, Gina Raimondo, has a net worth of approximately $10 million. [11][12][13] Chosen to serve as Secretary of Commerce by President Joe Biden,[1] Raimondo played a leading role in negotiations for the Infrastructure Investment and Jobs Act in 2021. [24] Raimondo has stated that her experience working at housing and poverty clinics inspired her to attend law school. [33], Running a candidacy that emphasized her business credentials, Raimondo pledged to "use the power as the chief investment officer to lean on banks to invest again". Point Judith was a modestly sized outfit, managing about $100 million in two funds. The restrictions that the Biden administration issued on Chinas semiconductor industry last month are the boldest, most coherent strategic set of policies that the Commerce Department has ever rolled out with respect to export controls, Ms. Raimondo said. And if the answer is yes, I think we will be able to convince Congress and others to do more.. Mr. Biden and his team vetted Ms. Raimondo as a potential vice president. She was one of the first girls allowed to attend the Catholic school, where she graduated as valedictorian. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. The state remained invested in her former fund. Table of Contents show 1. [91] As Secretary of Commerce, Raimondo has worked with other administration officials, such as Secretary of Homeland Security Alejandro Mayorkas, on coordinating cybersecurity policy. Cuomo seemed to have been irritated by this, with the result that he threatened to sue while still expressing the desire that everything could still be worked out in an amicable manner. Critics blamed it on a notable increase in the fees paid to hedge fund managers. In response, Raimondo repealed the order aimed at New Yorkers before implementing a broader version aimed at all out-of-state travelers planning to stay in Rhode Island. While Gina sure has a massive income, her net worth might not be less than $5 million. [18] State-by-state polling by Microsoft News in April 2020 found that 76% of Rhode Islanders said they approved of the work done by Raimondo and her administration "to keep people safe" during the ongoing crisis. The outcome could also have ramifications for Ms. Raimondos political ambitions. Net: Oppose: 7%. She received a Master of Arts and Doctor of Philosophy in Sociology. [3] During her first year in office, Raimondo prioritized reforming Rhode Island's public employee pension system. Born and Raised in Smithfield, RI At Commerce, Ms. Raimondo has taken an active role in trade negotiations, at times overshadowing the Office of the United States Trade Representative, which traditionally crafts the countrys trade deals. As her department turns to funding semiconductor projects, Ms. Raimondo has promised to use tough standards to evaluate company applications, including prohibiting money from being used for stock buybacks or to make investments in advanced technology in China. 0:00. Colleagues and a family member describe her as having little aversion to conflict and say she is drawn to messy policy problems by an impulse to fix them. As the United States embarks on its biggest foray into industrial policy since World War II, Ms. Raimondo has the responsibility of doling out a stunning amount of money to states, research institutions and companies like SkyWater. But the risks are similarly huge. Her supporters say she could ascend to another cabinet position, run for the Senate or perhaps mount a presidential bid. She grew up in Smithfield, Rhode Island, the youngest of three children in an Italian-American family. Piccola's term was marked by the death and near-deaths of children,[67] high staff turnover,[68] votes of no confidence,[69] and high budget deficits. As a subscriber, you have 10 gift articles to give each month. Ultimately, his workplace, the Bulova watch factory, moved overseas, forcing the elder Raimondo into an early retirement in his 50s. Anyone can read what you share. She went to Harvard, then Oxford as a Rhodes Scholar, then Yale Law School. Share Tweet. What Is the CHIPS and Science Act of 2022? Gov. [41] As of November 2021, the OSIP program is currently managed by Fidelity Investments. During Raimondo's tenure, the Department of Commerce sanctioned NSO Group for selling spyware technology. As Secretary of Commerce, Raimondo has stated that her goal is to expand economic opportunities for American workers and businesses, particularly as a result of recent crises. There, she made changes to shore up the states pension system, clashing with unions and progressive Democrats in the process. Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. Gina Raimondo Net Worth. Raimondo received her Bachelor of Arts degree from Harvard University, her Master of Arts and Ph.D. degrees as a Rhodes Scholar at the University of Oxford, and her J.D. [40] The program officially launched on April 23, 2012. [9], Described as a "moderate technocrat" by The Washington Post,[10] Raimondo is often characterized as a centrist within her party. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. [46] On November 4, 2014, Raimondo won the general election with 41% of the vote in a three-way race versus Republican Allan Fung and Moderate Party nominee Robert J. Americans want to make money and feel like they can make money., She added: American entrepreneurship is the envy of the world. He traveled to Providence to applaud her efforts and inspect a local bridge that he said was being held up by Lincoln Logs., Let the horns blow, Mr. Biden said. Source: nytimes Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. Federal officials judged that the state was not compliant in lowering a significant case backlog, starting a sufficient call-center, adequate staff training, and improving wait times at Health and Human Services field offices. ", U.S. Department of Commerce. . A line drawing of the Internet Archive headquarters building faade. After all, she has made a lot of changes in this regard ever since she became the Governor of Rhode Island. She is also at the epicenter of a growing Cold War with China as the Biden administration uses her agencys expansive powers to try to make Americas semiconductor industry more competitive. [102], Following the 2022 Russian invasion of Ukraine, the Department of Commerce under Raimondo implemented export controls in order to restrict Russia's access to military technology. [42], During the Rhode Island General Assembly's 2012 session, Raimondo advocated for a decrease in the maximum allowable interest rate on payday loans in Rhode Island. [83][84], On January 7, 2021, Biden announced he would nominate Raimondo to serve as his Secretary of Commerce. While Gina sure has a massive income, her net worth might not be less than $5 million. Fix the bridges and the roads.. [9] Raimondo was named a national co-chair for the Bloomberg campaign. In this Jan. 8, 2021 file photo,. [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. "[101] In October 2021, Raimondo was criticized for stating "there's no point in talking about decoupling our economy from China's" by Republican Senator Tom Cotton. Raimondo was elected governor of Rhode Island on November 4, 2014, winning 41% of the vote in a three-way race, defeating challengers Allan Fung (R) and Robert J. Healey of the Moderate Party . And in October, the department issued sweeping restrictions on advanced semiconductor exports to China in an attempt to curtail the countrys access to critical technology that can be used in war. Call me if you need anything.. Gina Raimondo's net worth is estimated to be around $300 million USD . Were super excited about the Indiana announcement, she said. She has been holding that office since early 2021. Company executives describe her as a skillful and charismatic politician who is both engaged and accessible in an administration often known for its skepticism of big business.

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