gina raimondo net worth before governorgina raimondo net worth before governor

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. She was awarded an honorary degree from Bryant University, in 2012; and has received awards from the northern Rhode Island chamber of commerce and the YWCA of northern Rhode Island. ", Ballotpedia. [35], In May 2011, Raimondo released "Truth in Numbers", a report that advocated for benefit cuts as the solution to Rhode Island's pension problems, and she helped lead the effort to cut pensions, along with then-Speaker of the House Gordon Fox. 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 . 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. Share Tweet. Some source claims that she might have a net worth of over $300 million, but this is all false assumptions. 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. Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. They have warned that if the administration gets it wrong, the United States may surrender its leadership in key technologies for good. 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. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. The state remained invested in her former fund. 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. As said official, she was the one who headed up the effort to reform the public employee pension system by cutting pensions. WEST LAFAYETTE, Ind. Ms. Raimondo says she is eager to lead the Commerce Department through its next chapter as it tries to build up Americas manufacturing sector. But unlike some progressive Democrats, Ms. Raimondo clearly does not see an issue with being labeled pro-business., I come from a place in my politics that, fundamentally, Americans are pro-job, pro-business, pro-wealth, she said. Besides this, the pension fund under Raimondos tenure came under criticism for underperforming when compared with its peers. 5. Gina Raimondo to serve as secretary of Commerce, according to two people familiar with the decision . But Raimondo soon changed fields, electing to pursue finance. Generally speaking, these are seen as very predatory financial products aimed at the poorest segments of society, as shown by those who have been caught up in a cycle of debt because of them. [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. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. [19], Raimondo graduated from LaSalle Academy in Providence. 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. "[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. During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. On top of that, Raimondo is the Chair of the Democratic Governors Association. Was it impactful? she asked. 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. In May 2020, writer George Will wrote in favor of Raimondo being chosen as Biden's running mate in the 2020 election. Don't Know 4%. Gina was a senior vice president for fund developments at a company called Village Ventures in New York. Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. According to her annual financial disclosure report filed in 2013 with the Rhode Island Ethics Commission, she made up to $500,000 in capital gains from her old venture capital business, dwarfing her state payment of $108,808. Gina Raimondo Gina's net worth as of 2022 is $300 million. [63], In March 2017, Rhode Island Monthly reported that the U.S. Department of Justice opened an investigation into UHIP, specifically false claims and statements made about the Health and Human Services computer network rollout. In response, U.S. Food and Nutrition Service's Northeast Regional Administrator, Kurt Messner, urged Raimondo to postpone the launch because it would interrupt or interfere with benefits the agency oversees. [25], Following her graduation from law school, Raimondo served as a law clerk to federal judge Kimba Wood of the United States District Court for the Southern District of New York. She entered politics in 2010, when she successfully ran for the position of general treasurer of Rhode Island. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. In addition to this, she aids in developing policies regarding technology and climate change. Ms. Raimondos work has earned her praise from Republicans and Democrats, along with labor unions and corporations. "[79] As campaign co-chair, Raimondo would have "provided advice and attended events". Raimondo was elected alumni fellow at Yale, in 2014. The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. [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. Her current term ends on January 20, 2025. Raimondo is viewed as a relatively traditional choice for commerce secretary. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. Ms. Raimondo beamed as she greeted. She also led the Democratic Governors Association from 2018 to 2019. Though first seen as a likely Secretary of Health and Human Services, Raimondo announced on December 3, 2020, that she would not be taking that role. [100], In September 2021, Raimondo accused China of violating the intellectual property (IP) rights of U.S. companies, and stated that the Chinese government has put in place "all kinds of different barriers for American companies to do business in China. Gina Raimondo Height and Weight. PROVIDENCE, R.I. (WPRI) Gov. The couple has two children, a daughter named Cecilia and a son named Thompson Raimondo Moffit. She hosted a roundtable discussion with then-Providence mayor Angel Taveras and members of the Rhode Island Payday Reform Coalition. [29][30] Under Raimondo's leadership, Point Judith grew to over $100 million in assets and reportedly helped grow over twenty businesses. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . DCYF has increased its capacity and utilization of licensed foster homes, including an increase in the number of licensed kinship families, from 280 in October 2019 to 576 in June 2020. 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. The region used to fall within the boundaries of Providence, RI, but that changed when it was incorporated as a separate town named for Smithfield, London in 1731. Later, Raimondo acted as senior vice president for fund development at the Manhattan offices of Village Ventures, a venture capital firm based in Williamstown, Massachusetts, and backed by Bain Capital and Highland Capital Groups. Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. Prior to holding this position, she was the governor of Rhode Island. [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. After dating for a while, Gina and Andrew exchanged their wedding vows on December 1, 2001. [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. Point Judith was a modestly sized outfit, managing about $100 million in two funds. [34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. She was one of the first girls allowed to attend the Catholic school, where she graduated as valedictorian. [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". Messner said in the letter which local news outlets described as "strongly-worded" that "the transition plan remains inadequate and unacceptable." [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. [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. Nasdaq CEO Adena Friedman on the Future of Stock Exchanges. 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. 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. Senator Jack Reed. Ms. Raimondo beamed as she greeted the chief executive of SkyWater Technology, a chip company that had announced plans to build a $1.8 billion manufacturing facility next to the Purdue campus. She grew close with Mike Donilon, a top adviser to Mr. Biden, and his brother Thomas E. Donilon, who served as national security adviser to President Barack Obama. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. [9] Raimondo was named a national co-chair for the Bloomberg campaign. Identities Podcasts. Her father worked in manufacturing for decades, at a time when Rhode Island was known for its jewelry production. Raimondo completed Ballotpedia's Candidate Connection survey in 2018. You can learn more about the standards we follow in producing accurate, unbiased content in our. Jennifer Granholm is the Secretary of Energy. The 40th California governor, Gavin Newsom, also has a decent net worth. Ms. Raimondo, second from right, toured a Samsung semiconductor factory in Pyeongtaek, South Korea, with Mr. Biden in May. It seems safe to say that Raimondo has a strong interest in economic matters. $500 million in funds could be eligible for the program, which would enable Treasury "to extend its expertise to municipalities and improve investment returns by creating economies of scale". Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. Copyright 2021, All Right Reserved MARRIEDCELEB. At the same time, the administration is choking off Beijings access to advanced chips and other technology critical to Chinas military and economic ambitions. [18] Raimondo appointed more judges of color than any of her predecessors,[53] including Melissa A. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. 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. In 2010, Raimondo defeated her Republican opponent Kernan King to become the General Treasurer of Rhode Island. Gina Raimondo Net Worth The estimated net worth of Gina Marie is around $5 million. Raimondo was elected to serve as the vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. 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. Member of the Democratic Governors Association from 2018 to 2019 inadequate and unacceptable. is $ 300 million but... A decent net worth developments at a time when Rhode Island factory in Pyeongtaek, South Korea, with Biden... Campaign on the Future of Stock Exchanges, Gavin Newsom, also has a decent net worth as of is! System by cutting pensions messner said in the 2020 election December 1, 2001 and... 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A relatively traditional choice for Commerce secretary that task will have big for...

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