Forbes: How Mitch Got Rich

[basquebromance]

will post excerpts later!

How Much Is Sen. Mitch McConnell Worth?

Mitch McConnell sits atop a multimillion-dollar fortune, thanks in large part to his wife, Elaine Chao, former transportation secretary under Trump.

www.forbes.com

 

[Persuader]

I wonder how much the chinese have given him and his chinese wife.

I have little doubt that chinese tentacles are wrapped all around both of them.

II. How Corrupt are Mitch McConnell & his Wife Elaine Chao?

mitch mcconnell betrays kentucky elaine chao sells out americans mcconnell corruption elaine chao corruption kentucky senate race amy mcgrath for senator ky Kentucky Insanity: Voting Repeatedly for Mitch McConnell & Expecting Things to Change Kentucky Ranks 46th in...

www.gothambuzz.nyc

 

[basquebromance]

"Today, McConnell and Chao—who own homes in Louisville, Kentucky, and Washington, D.C., along with a large portfolio of stocks, bonds and money market funds—are worth an estimated $30 million"

"In 1997, McConnell reported on his Senate financial disclosure that Chao earned $112,000 from 18 speeches to groups such as Penn State and Southwestern Bell Corp., in addition to a salary from her job at the conservative think tank the Heritage Foundation and director’s fees from a board position with the National Association of Securities Dealers. And in 2001, when George W. Bush made Chao the country’s first Asian American woman in the cabinet, she was serving on the boards of at least ten corporations. It was enough to make them comfortable, but not filthy rich. That year, McConnell listed his family’s assets at somewhere between $2 million and $4.5 million on a financial disclosure. The vast majority of those holdings were attributed to Chao. "

"It was then that they received a multimillion-dollar gift from Elaine’s father, James Chao, in memory of her mother, who had died a year earlier. In 2019, Forbes obtained a copy of a will for Elaine’s mother, which detailed her holdings at the time of her death, worth nearly $59 million. Among them: a “closely held business interest” worth $57.5 million. "

"In addition, Chao supplemented those investment gains with additional earnings. She joined at least six additional boards at companies such as News Corp, Ingersoll Rand and Wells Fargo. On the disclosure she filed after Donald Trump appointed her to his cabinet as transportation secretary, she reported receiving more than $1.5 million in directors’ fees and equity awards between 2015 and 2016.

Chao left those board positions when she joined Trump’s cabinet and stayed in that role until January 2021, when she quit in the wake of the Capitol riot. On her way out, she filed one last financial disclosure report, documenting assets worth somewhere between $14 million and $60 million"

". The stock market continues to soar, and Chao is back to work in the private sector. In August, she was elected to join the boards of two companies, electric truck maker Hyliion and grocery giant Kroger, where she has already started receiving stock compensation. Her father, meanwhile, is still alive at 93 years old. When he dies, another rush of money may come to Chao and McConnell."

 

[toobfreak]

I wonder how much the chinese have given him and his chinese wife.

The old coot is 79 years old, he's even older than Biddum.. .. .. .. why doesn't this old fart retire and do something with what little of a life he has left? I'm always suspicious of people like Ginsberg and McCain who keep working until they drop over dead.