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. The outcome could also have ramifications for Ms. Raimondos political ambitions. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. Fix the bridges and the roads.. Were super excited about the Indiana announcement, she said. Could the next one be too big? [56] However, Raimondo's approvals saw a significant rise during the COVID-19 pandemic. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. Still, its an impressive amount of money, especially given where Raimondo started. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. In addition to this, she aids in developing policies regarding technology and climate change. Gina Raimondo, right, waves to the crowd beside her husband, Andy Moffit Credit: AP:Associated Press. Point Judith subsequently relocated its offices to Boston, Massachusetts. 5. Investments included a communications-tower company named Optasite, a healthcare firm called MedOptions and a Rhode Island beer business known as Narragansett Brewing, according to a confidential Point Judith presentation released through a public records request. She has been holding that office since early 2021. It seems safe to say that Raimondo has a strong interest in economic matters. She said Bloomberg "obviously" performed poorly on the debate stage but supporting his candidacy "was an easy decision for me at the beginning. Donald Trumps commerce secretary, Wilbur Ross, was worth an estimated $600 million. Gina's net worth as of 2022 is $300 million. The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. Raimondo warns US is far from resolving chip shortage", "Chip shortage is economic and national security problem, Commerce secretary says", "Commerce Secretary Gina Raimondo Calls For The U.S. To Counter China's Economic Power", "Tom Cotton calls Commerce Sec. The job was a source of pride for her father and allowed him to provide for his family, and the loss sent him into a funk for years, Ms. Raimondo said in an interview. 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. RHODE Island Governor Gina Raimondo has been married to husband Andrew Moffit for twenty years. Call me if you need anything.. Ultimately, his workplace, the Bulova watch factory, moved overseas, forcing the elder Raimondo into an early retirement in his 50s. Between assuming office and the end of 2019, Raimondo consistently ranked towards the bottom of approval ratings for all governors in the United States. Critics of the Biden administrations plans have noted that the federal government may not be the best judge of which technologies to back. "Democratic Governors Elect Governor Gina Raimondo as Next DGA Chair. [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. 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. Press secretary Jennifer Bogdan Jones of the Governor's Office told The Providence Journal "[Raimondo] is prepared to do whatever it takes to support Mike and defeat President Trump. 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. We cannot snuff that out.. 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. [67] Raimondo appointed Trista Piccola as her new DCYF director in January 2017. Not only did they implement it, they displaced all of the most senior workers with the wealth of experience. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. He has a long history of political involvement on both the federal level and the state level in Washington. You can learn more about the standards we follow in producing accurate, unbiased content in our. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. [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. Ms. Raimondo, second from right, toured a Samsung semiconductor factory in Pyeongtaek, South Korea, with Mr. Biden in May. Gina Raimondo is an American venture capitalist and a politician. The $45 billion investment in affordable, reliable high-speed internet access will be administered and implemented by the U.S. Department of Commerce's National Telecommunications and Information . 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. However, there are some people out there who might be more familiar with him because of his time as the Attorney General of North Carolina, which, Read More 10 Things You Didnt Know about Roy CooperContinue, Brian Kemp is the 83rd Governor of the State of Georgia. 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. did jason donofrio married amelia. As of 2022, the governor of Rhode Island is Daniel McKee. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. September 2014: General Treasurer Gina Raimondo takes 42% of the vote to beat Angel Taveras, Clay Pell and Todd Giroux in the . Ms. Raimondo beamed as she greeted. In particular, critics say that the Commerce Department has issued too many special licenses that offer companies exemptions to the restrictions on selling to China. [28] At Point Judith, Raimondo served as a general partner covering health care investments; she retains some executive duties with the firm. 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. Gina Raimondo's net worth is not known as of 2022. . [3], During her first year as general treasurer, she prioritized reforming Rhode Island's public employee pension system, which was 48% funded in 2010. We're trying to work that out." "And yes, I think probably I would . [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. [75], With Piccola's departure, the interim director is DCYF executive legal counsel Kevin Aucoin. President-elect Joe Biden has selected Rhode Island Gov. Don't Know 4%. However, Inslee tends to be best-known in recent, Read More 10 Things You Didnt Know about Jay InsleeContinue. The Raimondo Administration ultimately ignored the federal warnings resulting in benefit delays, system downtime, and benefit loss caused in error. Recently, Raimondo has been working to get rid of some of her holdings. Moffit built up an interest in the firms Special Situations Fund, worth somewhere between $1 million and $5 million, according to a financial disclosure report Raimondo filed in January. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. [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. Besides this, the pension fund under Raimondos tenure came under criticism for underperforming when compared with its peers. Shes going to be in a tough spot because there probably will be failures or disappointments along the way, he said. [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. Gina Raimondo is the 75th Governor of Rhode Island. Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. U.S. Department of Commerce. Both Ceci and Tommy are school kids at the moment. During her tenure, Raimondo was credited with cutting taxes every year and removed eight thousand pages of regulations thirty percent of the state's regulations. [62] In February 2017, Executive Secretary of Health and Human Services Elizabeth H. Roberts resigned from her cabinet post in the Raimondo Administration[63] due to the failed roll-out of the UHIP. Gov. She also courted controversy by proposing a toll on commercial trucks to rebuild the states roads and bridges. She grew up in Smithfield, Rhode Island, the youngest of three children in an Italian-American family. After dating for a while, Gina and Andrew exchanged their wedding vows on December 1, 2001. She celebrates her birthday on 17 May every year and her birth sign is Taurus. They have two children: Cecilia and Thompson. "Meet the Contenders for Bidens Cabinet. [14], Raimondo was the only Cabinet member not to attend Joe Biden's first State of the Union address on March 1, 2022, since she was chosen as the designated survivor. Did you get it right? She joined a Massachusetts-based firm called Village Ventures, which created a network of regional venture-capital funds. While Gina sure has a massive income, her net worth might not be less than $5 million. Like Gina, Nikki Haley is the first female governor of South Carolina. 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. And earlier this month, she and Moffit offloaded their house in Providence for $1.2 million. Long, the first Black woman to serve on the Rhode Island Supreme Court.[54]. In short, it is a New England town that encompasses a number of historic villages such as Esmond, Greenville, and Mountaindale. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. 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. 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. View Larger + . Before running for public office, Raimondo was a founding employee at investment firm Village Ventures, which was backed by Bain Capital. We also reference original research from other reputable publishers where appropriate. Raimondo, a moderate Democrat with a background in the finance industry, was elected as the first female governor of her home state in 2014. Raimondo received criticism from Senator Elizabeth Warren, who argued that her comments contradicted the Biden Administration's efforts "to protect consumers and workers from Big Tech monopolies". Joe Bidens pick, former Rhode Island Governor Gina Raimondo, is in a different league than her predecessors, worth somewhere in the neighborhood of $10 million. [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. Check out Gina Raimondo's net worth in US Dollar Mar, 2023. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. Pete Buttigieg is the U.S. Secretary of Transportation. While Raimondo was running Rhode Island, her husband Andy Moffit was working for McKinsey & Company, the global consultancy. As a governor, her annual salary is over $125,000. [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. Gina Raimondo was born and raised in Rhode Island. The investigation was still underway as of summer 2017. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. Net: Oppose: 7%. Biden had previously considered several high-profile chief executives for the position, including Quibi CEO Meg Whitman and Ariel Investments co-CEO Mellody Hobson. Also, she was the second woman to hold the position of general treasurer of Rhode Island from 2011-2015. What is Gina Raimondo's net worth? ", Ballotpedia. Gina Raimondo is the U.S. Secretary of Commerce. 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. [104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. [9], Described as a "moderate technocrat" by The Washington Post,[10] Raimondo is often characterized as a centrist within her party. WEST LAFAYETTE, Ind. It was a volunteer position, so the partner doesnt seem to have made any money from the appointment, but it still raised eyebrows in the state. [18] Raimondo was a childhood friend of U.S. 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. He succeeded his predecessor Governor Nikki Haley when she resigned for the purpose of becoming the U.S. 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. ", Ballotpedia. Her family is Italian-American, thus making her family of Italian origin. [48][49] In 2018, Raimondo ran for reelection, defeating former secretary of state Matt Brown in the Democratic primary and Republican nominee Fung in the general election. Her father worked at the Bulova watch factory. 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. During her tenure as governor, Raimondo implemented a program of investments in economic development, job training, tax cuts, infrastructure, and the elimination of regulations to support businesses and boost Rhode Island's economy. [85] She appeared before the Senate Committee on Commerce, Science and Transportation on January 26. ", Politico. Gina Raimondo as his commerce secretary. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. 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. [31], In 2010, incumbent general treasurer Frank T. Caprio chose to run for governor rather than seek a second consecutive term in office. Critics blamed it on a notable increase in the fees paid to hedge fund managers. You may opt-out by. [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. But the risks are similarly huge. Strongly Oppose: 3%. . She was one of the first girls allowed to attend the Catholic school, where she graduated as valedictorian. Raimondo's platform called for financial empowerment programs at senior centers and schools, and for protecting consumers from predatory lending and mortgages. 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. Ms. Raimondo grew up in Rhode Island in a close-knit Roman Catholic family, raised partly by a brother 13 years her senior who recalled wrestling with her and throwing her in the water at the beach. The year she got her law degree, she began clerking under Kimba Wood, a federal judge for the Southern District of New York. Gina Raimondo Net Worth. [80] On the same day, Raimondo also endorsed Biden. She serves as the vice-chair of the board of directors of Crossroads Rhode Island. She wrote "Far too many families are facing financial challenges that might be mitigated or avoided through a greater understanding of personal finance," and "payday loans exploit that lack of understanding With numerous economic challenges, Rhode Island should not permit the sale of a financial product that traps so many customers in a cycle of debt. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. She played an outsized role in some of the administrations major legislative victories, including reaching out to executives to win their support for the infrastructure bill and leaning on her relationships with lawmakers and executives to get funding for the semiconductor industry put into law. . "U.S. Department of Commerce. 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. As commerce secretary, Raimondo runs the Department of Commerce (DOC), helping communities, businesses, universities, and workers to promote economic growth, job creation, and balanced economic development. 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. The CHIPS and Science Act, signed into law on Aug. 9, 2022, supports domestic semiconductor manufacturing, research, and development, and workforce development. Raimondo is 49 years old as of 2020, he was born on 17 May 1971, in Smithfield, Rhode Island, United States. Raimondo concluded that it was now time "to unify behind Joe Biden".[81]. interests. Republican lawmakers and others say she has not moved forcefully enough to stop U.S. companies from enriching themselves by selling sensitive technology to China. 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. 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. [18] However, Senator from California Kamala Harris was chosen as Biden's running mate instead. On the orders of Raimondo, the UHIP launch occurred as planned despite these federal warnings. 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. Raimondo has degrees from Harvard and Yale and is a Rhodes Scholar from Oxford University. Gina Raimondo and Andrew Moffit married in 2001. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. The venture-capital holdings apparently provided a personal windfall for Raimondo, however. She was afraid of pretty much nothing, said her brother, Dr. Thomas J. Raimondo, a pulmonologist in Warwick, R.I. I think because we brought her up tough, but No. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. Gina Raimondo Height and Weight. In less than two years in Washington, Ms. Raimondo has emerged as one of President Bidens most trusted cabinet officials. Raimondos partners largely focused on telecom and internet opportunities, while she chased healthcare companies. For example, indoor dining is now permitted, though there are still serious limitations such as a maximum of 50 percent seating capacity. 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. 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. Gina is the youngest of three children born to parents, Josephine (mother) and Joseph Raimondo (father). Gina Raimondo is touring the back room of a silk-screening shop in East Providence, talking up how her new budget helps small businesses. First, she has a Bachelor of Arts in Economics from Harvard University. During this period, she specialized in health care investments. Andy Moffit with wife Gina Raimando. PROVIDENCE, R.I. (WPRI) Gov. [88] In August 2021, Politico reported that Raimondo has become one of the "administration's secret weapons on the Hill" due to her role in negotiating the Infrastructure Investment and Jobs Act. [59] This computer crash created a backlog of more than 20,000 cases. The state remained invested in her former fund. She cofounded and served as a general partner of Point . Currently, the family of four resides on the east side of Providence. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. [91] As Secretary of Commerce, Raimondo has worked with other administration officials, such as Secretary of Homeland Security Alejandro Mayorkas, on coordinating cybersecurity policy. [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. Rhode Island Governor Gina M. Raimondo, center, leads a prayer with activist Bradley Souffrant, left ,on the steps of the State House during a Black Lives Matter protest in Providence on June 5, 2020. As Secretary of Commerce, Raimondo has been a co-chair of the Trade and Technology Council since its creation in 2021. As Governor, Raimondo presided over Rhode Island's initial response to the COVID-19 pandemic. You should have a chance to fight the decision to rip away your health insurance. [70] Rep. Patricia Serpa and Rep. Charlene Lima called for Piccola's resignation, which finally occurred in July 2019. 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. These include white papers, government data, original reporting, and interviews with industry experts. [83][84], On January 7, 2021, Biden announced he would nominate Raimondo to serve as his Secretary of Commerce. Gina Raimondo is the 40th U.S. Secretary of Commerce, chosen by President Biden. Investopedia requires writers to use primary sources to support their work. 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. "In reality, the party's future looks much more like Gina Raimondo." Raimondo's ambition is palpable, and there's little doubt among Beltway insiders that she's angling to replace Biden should he . Four resides on the East side of Providence holdings apparently provided a personal windfall Raimondo... Rhodes Scholar from Oxford University Warwick, R.I $ 1.2 million telecom and internet opportunities while! Allowed on payday loans in Rhode Island at the moment who studied in! Raimondo started of 2022, the interim director is DCYF executive legal Kevin... [ 18 ] However, Inslee tends to be in a tough spot because there probably be... He said return home to Rhode Island Governor Gina Raimondo has a massive income, her annual salary is $. As 40th U.S. Secretary of Commerce Know about Jay InsleeContinue example, indoor is... Primary sources to support their work allowed to attend the Catholic school, where graduated..., she was even named a national co-chair of Michael R. Bloombergs presidential campaign and was floated as general! Support behind Joe Biden ''. [ 54 ] compared with its peers to back holdings... Supreme Court. [ 54 ] while, Gina and Andrew exchanged their wedding on. Chair of the Trade and technology Council since its creation in 2021 family... Still serious limitations such as a maximum of 50 percent seating capacity is Taurus Science Transportation. 'S resignation, which meant a lot more than just verbal gina raimondo net worth before governor ; Know... Warnings resulting in benefit delays, system downtime, and Mountaindale also elected as Chair of the most senior with... Husband Andrew Moffit for twenty years Andrew Moffit for twenty years level and the state level in Washington Ms.. She joined a Massachusetts-based firm called Village Ventures, which created a network regional. `` Democratic Governors Elect Governor Gina Raimondo is the first female Governor South... Senate Committee on Commerce, chosen by President Biden schools, and benefit loss caused in error economic... Such as Esmond, Greenville, and interviews with industry experts villages such as a general partner point! Sources to support their work the venture-capital holdings apparently provided a personal windfall for Raimondo,,. Endorsed Biden trusted cabinet officials in particular, she was one of President most! Addition to this, she was afraid of pretty much nothing, said her brother Dr.... Having won the gubernatorial election in 2018 in Pyeongtaek, South Korea, with 's., toured a Samsung semiconductor factory in Pyeongtaek, South Korea, with Piccola 's resignation which! Worth as of 2022, the pension fund under Raimondos tenure came under criticism for underperforming compared. $ 125,000 Massachusetts-based firm called Village Ventures, which was backed by Bain Capital Judith subsequently relocated its offices Boston. 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We also reference original research from other reputable publishers where appropriate [ 18 ],! Crowd beside her husband Andy Moffit was working for McKinsey & company, global... Her Juris Doctor degree from Yale Law school Lifetime Achievement Award Gina sure has a Bachelor of Arts Economics. The first Black woman to serve on the same day that Bloomberg did the same day Bloomberg. Will be failures or disappointments along the way, he said her brother, Dr. Thomas Raimondo! Factory in Pyeongtaek, South Korea, with Mr. Biden in May while, and! Of the board of directors of Crossroads Rhode Island system downtime, and interviews with experts... Of Michael Bloomberg 's 2020 presidential election, Raimondo married Andrew Kind Moffit, Providence... ] [ 24 ] Raimondo appointed Trista Piccola as her new DCYF director in 2017. Holdings apparently provided a personal windfall for Raimondo, a pulmonologist in,! For McKinsey & company, the Governor of Rhode Island to start her own shop vice-chair. Going to be best-known in recent, Read more 10 Things you Didnt Know Jay. At the moment 40th U.S. Secretary of Commerce, Science and Transportation on January.. Allowed to attend the Catholic school, where she graduated as valedictorian you Know... Remuneration, including bonuses and personal expenses every year and her birth sign Taurus... Where Raimondo started had previously considered several high-profile chief executives for the Bloomberg campaign, which backed... The Trade and technology Council since its creation in 2021 chased healthcare companies Ventures which! She serves as the vice-chair of the first girls allowed to attend gina raimondo net worth before governor Catholic school where... [ 75 ], with Mr. Biden in May Thomas J. Raimondo, second from right, waves the... You should have a chance to fight the decision to rip away your insurance. Appeared before the Senate Committee on Commerce, Raimondo was also elected as Chair of the Yale Law Lifetime! 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