gina raimondo net worth before governorgina raimondo net worth before governor

[104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. Gina M. Raimondo, the 75th Governor of Rhode Island and its first woman governor, grew up in Smithfield in a tight-knit Italian-American family, the youngest of Joseph and Josephine Raimondo's three children. Identities / Gina Marie Raimondo - Gina Raimondo . She entered politics in 2010, when she successfully ran for the position of general treasurer of Rhode Island. During her time in office, Governor Raimondo has kick-started the state's economy and created thousands of jobs. Gina's net worth as of 2022 is $300 million. But Raimondo's reelection signals continuity amid rocky Rhode Island politics", "R.I.'s Raimondo elected to lead Democratic governors | audio", "Democrat Raimondo, Republican Fung sail to victory in Rhode Island Gubernatorial primary", "Raimondo wins re-election with promise to continue momentum", "Raimondo leaves legacy of diversity in RI courts", "Melissa Long sworn in as first Black justice in RI Supreme Court", "Coronavirus: Rhode Island forces all travelers from other states into self-quarantine", "Governors average 27 percentage points higher in approval for COVID-19 response than President Trump", "Poll: 76% in RI approve of Raimondo's handling of coronavirus", "R.I. Gov. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. While the department is well known for its role in promoting business, it has an increasingly important role in regulating it by policing the kind of advanced technology that U.S. firms can share with China, Russia and other geopolitical rivals. Here's How Much Treasury Secretary Janet Yellen Is Worth, Here's How Much Secretary Of Defense Lloyd Austin Is Worth, Here's How Much Secretary Of Homeland Security Alejandro Mayorkas Is Worth, How Pete Buttigieg Cashed In On His Candidacy, Heres How Much Treasury Secretary Janet Yellen Is Worth, Heres How Much HHS Secretary Xavier Becerra Is Worth. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. Headed Up Effort to Reform the Public Employee Pension System, 9. At the moment she is serving as the 40th US Secretary of Commerce. On March 28, 2020, New York Governor Andrew Cuomo threatened Raimondo with a lawsuit over a new state quarantine policy, which would make sure people from New York, which had been hit hard by the COVID-19 pandemic, would self-quarantine for 14 days upon arrival in Rhode Island. For example, indoor dining is now permitted, though there are still serious limitations such as a maximum of 50 percent seating capacity. It produced mediocre returns, averaging 5.4% annually, according to state records. Upon graduation, Raimondo spent some time as a law clerk for a federal judge in the U.S. District Court for the Southern District of New York. CreditJared Soares for The New York Times. While at Harvard, Raimondo resided in Quincy House and served on the staff of The Harvard Crimson. Messner said in the letter which local news outlets described as "strongly-worded" that "the transition plan remains inadequate and unacceptable." [97], As Secretary of Commerce, Raimondo has helped lead the U.S. response to the global chip shortage, and has urged Congress to pass legislation that would boost domestic semiconductor manufacturing. Some source claims that she might have a net worth of over $300 million, but this is all false assumptions. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . 1:38. 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. A onetime venture capitalist and the former governor of Rhode Island, Raimondo is well-liked by the business community and a moderate Democrat who enjoyed bipartisan Senate support for her. Pete Buttigieg is the U.S. Secretary of Transportation. Still, it's an impressive. The CHIPS and Science Act, signed into law on Aug. 9, 2022, supports domestic semiconductor manufacturing, research, and development, and workforce development. Second, she has both a Master of Arts and a Doctor of Philosophy in Sociology from New College, which is one of the constituent colleges of the University of Oxford. The essence of industrial policy is youre gambling, said William Reinsch, a trade expert at the Center for Strategic and International Studies, a think tank. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. Andy Moffit and his wife, Gina Raimondo, met while studying at Oxford University in the UK. The State of Rhode Island invested $5 million in one of Raimondo's funds around 2006. Learn how your comment data is processed. From 2011 to 2015, she served as the General treasure of her Island and she has the . Today, Governor Roy Cooper joined U.S. Commerce Secretary Gina M. Raimondo at the Kramden Institute in Durham to announce the Biden-Harris Administration's Internet for All initiative. Raimondo is viewed as a relatively traditional choice for commerce secretary. She said Bloomberg "obviously" performed poorly on the debate stage but supporting his candidacy "was an easy decision for me at the beginning. The 40th California governor, Gavin Newsom, also has a decent net worth. Critics blamed it on a notable increase in the fees paid to hedge fund managers. Following the 2020 United States presidential election, Raimondo was routinely mentioned as a possible cabinet secretary in the incoming Biden Administration. Raimondo, a moderate Democrat with a background in the finance industry, was elected as the first female governor of her home state in 2014. The lieutenant governor, Sabina Matos, makes $122,740. Critics of the Biden administrations plans have noted that the federal government may not be the best judge of which technologies to back. [38] Raimondo's critics attributed the underperformance to a sharp increase in fees paid to hedge fund managers while her supporters argued investments in hedge funds stabilize investments during market downturns for more consistent returns over time. Aside from that, Gina Raimondo was a co-founder and partner in a very small local venture capital firm with very little money under management and a very short track record of investment. 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. During this period, she specialized in health care investments. On top of that, Raimondo is the Chair of the Democratic Governors Association. Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. Rather than divest her venture-capital holdings, Raimondo elected to put them in a trust, which she handed off to someone else to manage. He became unemployed at 56 when the Bulova company decamped operations to China, shuttering the factory in Providence. Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. [65] In January 2020, State Senator Sam Bell said a Rhode Island Senate Fiscal Report on Raimondo's budget proved that "a single UHIP update kicked 5,500 Rhode Islanders off their Medicaid" in November 2019 without due process and the decisions were based on a computer update. This firm is named Point Judith Capital. [18] However, Senator from California Kamala Harris was chosen as Biden's running mate instead. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Recently, Raimondo has been working to get rid of some of her holdings. gina raimondo husband net worth. [92] In March 2021, Raimondo issued subpoenas for multiple China-based telecommunications firms owing to concerns, arguing that "unrestricted use of untrusted ICTS poses a national security risk". Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. Identities Podcasts People Ai. . Elana Dur is a markets writer for Investopedia. PROVIDENCE, R.I. (WPRI) Gov. Before that, she served as Rhode Island's general treasurer and spearheaded landmark pension reform by working on the state's unfunded pension liability in the amount of $7 billion. Her supporters say she could ascend to another cabinet position, run for the Senate or perhaps mount a presidential bid. Ms. Raimondo says she is eager to lead the Commerce Department through its next chapter as it tries to build up Americas manufacturing sector. This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of $600 million and $2 billion, respectively. 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. Call me if you need anything.. They should not come from a notoriously glitchy computer system. For those who are unfamiliar, the Rhodes Scholarship is a scholarship started up by Cecil John Rhodes for the purpose of promoting unity within the British Empire as well as promoting a better relationship between Great Britain and the United States. 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. [32] Describing the position of general treasurer as a professional job, not a political job", Raimondo announced her candidacy for the position, her first campaign for elected office. Gina Raimondo Height and Weight. On top of that, Raimondo is the Chair of the Democratic Governors Association. Currently, the family of four resides on the east side of Providence. Her tax returns reportedly showed an $889,000 payout from the investments in 2018. Net: Oppose: 7%. After being nominated by then-President-elect Joe Biden in January of 2020, she was confirmed by the U.S. Senate on March 2, 2021, and was sworn into office on March 3. ", Democratic Governors. It was also this decaying system specifically, Rhode Islands decision to slash public bus routes and library hours when budgets fell short that ultimately drove Ms. Raimondo to leave a lucrative job in venture capital and run for state treasurer in 2010. gina raimondo husband net worth. [41] As of November 2021, the OSIP program is currently managed by Fidelity Investments. 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. As such, while it is quite prestigious, it is also quite controversial, seeing as how Rhodes was a British imperialist with very well-documented Anglo-supremacist beliefs. Governor Gina Raimondo's first Chief of Staff Steven Neuman was negotiating legislation that impacted one of the most controversial companies in America -- just three weeks before his wife. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. Between assuming office and the end of 2019, Raimondo consistently ranked towards the bottom of approval ratings for all governors in the United States. Got Into a Conflict with Governor Andrew Cuomo, 10 Things You Didnt Know About David Ige, 10 Things You Didnt Know about Henry McMaster, 10 Things You Didnt Know about Andrew Ginther, 10 Things You Didnt Know about Roy Cooper, 10 Things You Didnt Know About Brian Kemp, 10 Things You Didnt Know about Jay Inslee, The 10 Best Mercedes GLC Models of All-Time, 20 Things You Didnt Know About Emily Ratajkowski, The 10 Best Toyota Avalon Models of All-Time, The 10 Most Expensive Cigarette Boats in the World. [55] Partnering with CVS, the nation's largest pharmacy chain, her state has achieved one of the nation's highest per capita levels of testing for COVID-19. Still, its an impressive amount of money, especially given where Raimondo started. These include white papers, government data, original reporting, and interviews with industry experts. The Raimondo Administration ultimately ignored the federal warnings resulting in benefit delays, system downtime, and benefit loss caused in error. Neera Tanden is a political consultant and serves as a senior advisor and Staff Secretary under President Joe Biden. [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. [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. Raimondo tweeted: "Rhode Island may be small, but our economy is mighty . 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. Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. He has had a long and successful political career but there, Read More 10 Things You Didnt Know About Brian KempContinue, Jay Inslee is the current Governor of Washington. Net worth: $1 million and $5 million dollars; Gina Raimondo Age and Birthday. 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. interests. [71][72][73], In October 2018, the United States Department of Health and Human Services' Administration for Children and Families ordered the Raimondo Administration DCYF to improve in 33 of 36 areas assessed. She won in the general election on November 6, 2018. A state ethics commission determined that the arrangement would be appropriate, so long as Raimondo steered clear of matters involving her investments or business associates. Raimondo was elected to serve as the vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. "[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. Until 2011, she was an administrator of Women and Infants Hospital and chair of its Quality Committee. Gina Raimondo's net worth is not known as of 2022. . The significance of these closures would resonate when Ms. Raimondo studied economics as an undergraduate at Harvard, where her professors fed her a steady diet of how trickle-down Reaganomics had hollowed out the U.S. economy, she said. Her current term ends on January 20, 2025. She doesnt seem to own her old venture-capital investments anymore. [94][95] Raimondo voiced concern in December 2021 that the DMA would unfairly impact U.S.-based tech companies such as Google and Apple. [23] Her thesis was on single motherhood and supervised by Stephen Nickell and Anne H. Gauthier while she was a postgraduate student of New College, Oxford. He is the eighth person to hold this post and the sixth governor that is a Democrat. announced a cybersecurity review of Micron Technology, cost Germany billions in government subsidies, Heres what the program aims to do and how it will work, power of the federal government to transform private industry, made changes to shore up the states pension system, investments in advanced technology in China. Dont miss to subscribe to our new feeds, kindly fill the form below. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. She also served as chair of the Democratic Governors' Association in 2019. He is a member of the Republican Party who assumed office in 2019. [31], In 2010, incumbent general treasurer Frank T. Caprio chose to run for governor rather than seek a second consecutive term in office. We also reference original research from other reputable publishers where appropriate. [87], Raimondo was duly sworn in by Vice President Kamala Harris on March 3, 2021. So far, he has managed to win not one but two elections for said position, with the second time being an uncontested victory. [59] This computer crash created a backlog of more than 20,000 cases. After dating for a while, Gina and Andrew exchanged their wedding vows on December 1, 2001. "U.S. Department of Commerce. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. Relatively recently, Raimondo got into a conflict with Governor Andrew Cuomo of New York because of the COVID-19 crisis. She covered shareholder activism as a reporter at Reorg and Activist Insight and her work has been published in The Washington Post, Chicago Tribune, and The Jerusalem Post. Gina Marie Raimondo ( / rmndo /; born May 17, 1971) is an American politician, lawyer, and venture capitalist who has served as the 40th United States Secretary of Commerce since 2021. While she came from humble beginnings, Ms. Raimondo and her husband, Andy Moffit, a former executive at McKinsey & Company who is now chief people officer at a health care technology platform, have amassed a net worth of between $4 million and $12.5 million, according to government disclosure forms. She told ethics officials that she divested an estimated $380,000 of sector-specific funds, as part of a process of eliminating potential conflicts of interest. Katherine Tai is the U.S Trade Representative and previously served as the chief trade counsel for the U.S. House Ways and Means Committee. [6] She was subsequently elected as chair of the DGA in 2019. Gina Raimondo is the U.S. Secretary of Commerce. And if the answer is yes, I think we will be able to convince Congress and others to do more.. That commitment eventually caused a stir because, four years later, Raimondo won an election to become state treasurer, putting her in position to oversee Rhode Islands investments. Americans want to make money and feel like they can make money., She added: American entrepreneurship is the envy of the world. [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. Raimondo was both born and raised in Smithfield, RI. Raimondo completed Ballotpedia's Candidate Connection survey in 2018. The Commerce Department is expected to lead the work of reviewing and approving grants, but any awards to companies of more than $3 billion will be approved by Mr. Biden himself. Raimondo ( Democratic Party) ran for re-election for Governor of Rhode Island. Gina Raimondo-Net Worth, Bio, Family, Facts 2022. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Moreover, Gina is the co-founder of a small private investment firm called Point Judith Capital. Her net worth has been growing significantly in 2020-2021. Third, she has a Juris Doctor that was earned from the Yale Law School. "[44] Raimondo wrote an op-ed in the edition of May 29, 2012 of The Providence Journal in support of payday lending reform. [36] The Rhode Island Retirement Security Act (RIRSA) was enacted by the General Assembly on November 17, 2012, with bipartisan support in both chambers. Table of Contents show 1. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. [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. [6] Reelected in 2018, Raimondo was tasked with overseeing the state's initial response to the COVID-19 pandemic. Gov. Gina Raimondo is the 75th Governor of Rhode Island. In 2016, Fortune named her as one of the World's 50 Greatest leaders. She has served on the boards of La Salle Academy and Family Service of Rhode Island. Updated: Jan 21, 2021 / 12:30 PM EST. Before her career in public office, Raimondo was a founding employee at investment firm Village Ventures, and also co-founded her own venture capital firm, Point Judith Capital. Share Tweet. Raimondo's platform called for financial empowerment programs at senior centers and schools, and for protecting consumers from predatory lending and mortgages. [60] The Raimondo Administration received several letters from the federal government in August and September 2016 warning that UHIP was not ready to be launched.

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