Gina Raimondo Biography, Career, Age, Height, Family, Wife, and Net Worth. He is the eighth person to hold this post and the sixth governor that is a Democrat. Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce, Democratic Governors Elect Governor Gina Raimondo as Next DGA Chair, Here's How Much Commerce Secretary Gina Raimondo Is Worth. Raimondo played rugby at the Radcliffe Rugby Club, and joked that this experience "was good training for a career in politics". 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. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. [20][21] She went on to Harvard College, graduating magna cum laude in 1993 with a Bachelor of Arts degree in economics. Neera Tanden is a political consultant and serves as a senior advisor and Staff Secretary under President Joe Biden. While at Harvard, Raimondo resided in Quincy House and served on the staff of The Harvard Crimson. 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 . Secretary Raimondo was sworn into office as Governor in January 2015 and won a second term in 2018. She was also the first female governor of Rhode Island. Copyright 2021, All Right Reserved MARRIEDCELEB. Apart from politics, Gina is active in social works as well. 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. 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. "Democratic Governors Elect Governor Gina Raimondo as Next DGA Chair. [39], Raimondo created the Ocean State Investment Pool (OSIP), designed as a low-cost investment vehicle intended to help the state and municipalities better manage and improve the investment performance of their liquid assets, which are used for day-to-day operations including payroll and operating expenses. She doesnt seem to own her old venture-capital investments anymore. She believes that the recent crises that America has suffered make this mission of the Commerce Department even more important and that growing economic opportunity for workers and businesses has been the focal point of her career. 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. "U.S. Department of Commerce. 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. Raimondo, Deloitte CEO discuss state computer woes at Calif. conference", "NBC 10 I-Team: RI's Health Secretary Elizabeth Roberts resigns", "RI ignored federal warnings on launch of new $364M benefits system", "No immediate changes at DHS despite federal warning", "Health Secretary Elizabeth Roberts Resigns", "All You Need to Know About the UHIP Disaster", "RI picking up more of the $656 million tab for UHIP", "A single UHIP update kicked 5,500 Rhode Islanders off Medicaid", "DCYF report: 8 child fatalities, 23 near fatalities in RI over two-year span", "RI Child Advocate recommends system overhaul after deaths of four children", "DCYF Director responds after union's 'no confidence' vote", "Rhode Island DCYF projects $18M budget deficit", "DCYF Director Trista Piccola to depart after tumultuous 2-year tenure", "Auditors find history of chaos at R.I. Department of Children, Youth and Families", "Acting director appointed for Rhode Island DCYF", "Months later, still no director for DCYF", "Rhode Island Department of Children, Youth, and Families Performance Improvement", "Raimondo endorses Bloomberg; says 'it was an easy call', "Bloomberg Endorses Biden as Sanders Laments Turnout of Younger Voters", "Raimondo: I will not be Biden's HHS secretary", "Sources: Gina Raimondo Being Considered as Biden's Treasury Secretary", "The Finance 202: Biden's transition team juggles competing demands as liberals push Warren for Treasury", "Raimondo selected for Biden's Commerce secretary", "Senate vote moves Raimondo closer to Cabinet confirmation", "From governor to Cabinet: Raimondo is sworn in as commerce secretary", "White House chief of staff tells House Democrats he's hoping State of the Union address will boost Biden's poll numbers", "Commerce Secretary Gina Raimondo tests positive for Covid after attending politician-packed D.C. Gridiron dinner", "Commerce Dept sanctions NSO Group, Positive Technologies and more for selling spyware and hacking tools", "Joint Statement by Secretaries Mayorkas and Raimondo on President Biden's National Security Memorandum to Strengthen Nation's Cybersecurity Infrastructure", "EU Eyes May In-Person Meeting of U.S. Technology Council", "Commerce Secretary Gina Raimondo has become tech's favorite Biden official", "Why the US can't stop fighting itself on tech policy", "Biden's Commerce chief is under fire from Warren, progressives for defending U.S. tech giants", "Analysis | Warren accuses Raimondo's Commerce Department of 'lobbying on behalf of Big Tech', "A Rising Star in the Biden Administration Faces a $100 Billion Test", "Sec. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. He has a long history of political involvement on both the federal level and the state level in Washington. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The next day, then-Governor Lincoln Chafee signed RIRSA into law. This is a BETA experience. In less than two years in Washington, Ms. Raimondo, 51, has emerged as one of President Bidens most trusted cabinet officials. PROVIDENCE, R.I. (WPRI) Gov. [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. 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. For those who are unfamiliar, payday loans see high interest charged on small principals that are meant to be repaid when the borrower receives their next paycheck, thus explaining their name. Raimondo went on to graduate with honors from Harvard, where she was recognized as the top economics student in her class. 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. Currently, the family of four resides on the east side of Providence. [18] Raimondo was a childhood friend of U.S. Before Gina Raimondo became a politician, she was a venture capitalist and had also started her own firm. The first woman governor of Rhode Island has been recognized for her visionary ideas and its implementations. Identities Podcasts. 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. [80] On the same day, Raimondo also endorsed Biden. Ms. Raimondos work has earned her praise from Republicans and Democrats, along with labor unions and corporations. [5] While in office, Raimondo was elected to serve as vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. [31], In 2010, incumbent general treasurer Frank T. Caprio chose to run for governor rather than seek a second consecutive term in office. [9], Described as a "moderate technocrat" by The Washington Post,[10] Raimondo is often characterized as a centrist within her party. The lieutenant governor, Sabina Matos, makes $122,740. They were warned against the implementation because the system was not ready. Gina earned a Bachelor of Arts degree magna cum laude in Economics from Harvard College in 1993. The state remained invested in her former fund. . 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. Mr. Biden and his team vetted Ms. Raimondo as a potential vice president. After being together for a few years, the couple got married in 2001. In 2016, 18-wheel trucks circled Rhode Islands State House for months, blasting their horns in protest and rattling the nerves of Ms. Raimondos staff. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate. 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. [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. 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. 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. Raimondo. Net: Oppose: 7%. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. 2, shell enter a conflict figuring out, How am I going to fix this?. 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. Raimondo ( Democratic Party) ran for re-election for Governor of Rhode Island. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. In addition to this, she aids in developing policies regarding technology and climate change. 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. Her efforts seem to have paid off in at least one regard, seeing as how Rhode Islands unemployment rate is now in line with the national average rather than the highest in the United States. [86] On March 1, the Senate voted 8415 in favor of cloture on the nomination, and confirmed Raimondo to the position the following day by a vote of 8415. Their marriage ceremony took place at the Roman Catholic Cathedral in Rhode Island. During her time in office, Governor Raimondo has kick-started the state's economy and created thousands of jobs. While Raimondo was running Rhode Island, her husband Andy Moffit was working for McKinsey & Company, the global consultancy. 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. The 40th California governor, Gavin Newsom, also has a decent net worth. Gina Raimondo is the U.S. Secretary of Commerce. [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 February, her department moved swiftly with allies to clamp down on technology shipments to Russia following its invasion of Ukraine. She assumed office on March 3, 2021. Anyone can read what you share. This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of. 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. They have been married for nearly 19 years as of 2020. Strongly Oppose: 3%. "[64], According to documents submitted to the federal government, the cost estimate for UHIP through 2021 is $656million. [94] Raimondo has faced criticism from some progressives for her opposition to the European Commission's Digital Markets Act (DMA) proposal. An illustration of a magnifying glass. Also learn detailed information about Current Net worth as well as Gina Raimondo's earnings, Worth, Salary, Property, and Income. In 2019, she reportedly made over $800,000 on her firm's payouts. It produced mediocre returns, averaging 5.4% annually, according to state records. [34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. Donald Trumps commerce secretary, Wilbur Ross, was worth an estimated $600 million. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. [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 Raimondo Net Worth The estimated net worth of Gina Marie is around $5 million. She is the former trustee at Women and Infants Hospital and Chair of its Quality Committee. "[79] As campaign co-chair, Raimondo would have "provided advice and attended events". But Ms. Raimondo has also received some criticism on that front. ", "Opinion | The Loneliness of the Moderate Democrat", "Biden's Pick To Run the Commerce Department Is No Progressive", "The 'hidden player' in Biden's Jobs Cabinet", "Nardolillo Funeral Home Published an Obituary for Joseph Raimondo", "Opinion | This is the vice president who would restore adult supervision in Washington", "Rhode Island politicians were neighbors in Narragansett as children", "La Salle Academy removes all photos from Wall of Notables after Raimondo controversy", "Gina M. Raimondo, University Leadership", "Gina M. Raimondo '93 Recalls Harvard as Formative | News | The Harvard Crimson", "Gina Raimondo Math Convinces Rhode Island of America's Prospects", "The 2007 Life Sciences & Healthcare Venture Summit", "GoLocalProv State Pension Fund Pays $570,000 to Raimondo's Former Firm", "GoLocalProv GoLocal Voter's Guide GT Candidates: Gina Raimondo", "BREAKING: Tom Sgouros Drops out of Treasurers Race", "Raimondo calls upon Italian values to steer campaign course", "Providence pension tab tops $900M with lower investment rate", "Report claims R.I. employee pension system 'mismanaged', has 'squandered billions', "RI pension fund again lags its peers with return of 11.1% WPRI.com Blogs", "Rhode Island Pensioners 3% COLA Will Go to Pay Wall Street 4%+ Fees", "Press Release: Ocean State Investment Pool Open to Municipalities", "State launches investment pool with Fidelity", "The Ocean State Investment Pool | Rhode Island State Investment Information Center", "Op-ed: Protect R.I. from these abusive lenders", "Gina Raimondo wins costly R.I. governor's race - The Boston Globe", "She didn't win big. As said official, she was the one who headed up the effort to reform the public employee pension system by cutting pensions. [6] Reelected in 2018, Raimondo was tasked with overseeing the state's initial response to the COVID-19 pandemic. [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". 7. 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. 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. Additionally, she receives extra remuneration of $100,000, including bonuses and personal expenses. Ultimately, his workplace, the Bulova watch factory, moved overseas, forcing the elder Raimondo into an early retirement in his 50s. He is a member of the Republican Party who assumed office in 2019. Check out Gina Raimondo's net worth in US Dollar Mar, 2023. 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. [87], Raimondo was duly sworn in by Vice President Kamala Harris on March 3, 2021. 6. [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. During Raimondo's tenure, the Department of Commerce sanctioned NSO Group for selling spyware technology. Gina Raimondo, right, waves to the crowd beside her husband, Andy Moffit Credit: AP:Associated Press. As of December 2020 DCYF does not have a permanent director. Curiously, Raimondo made the choice to support Mike Bloombergs campaign to become the Democratic nominee for the presidential election. She cofounded and served as a general partner of Point . The year she got her law degree, she began clerking under Kimba Wood, a federal judge for the Southern District of New York. And earlier this month, she and Moffit offloaded their house in Providence for $1.2 million. We also reference original research from other reputable publishers where appropriate. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. 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. She also led the Democratic Governors Association from 2018 to 2019. 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. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. [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. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. Gina Raimondo leader of 'China Lobby', "Commerce Implements Sweeping Restrictions on Exports to Russia in Response to Further Invasion of Ukraine", "Chinese companies that aid Russia could face U.S. repercussions, commerce secretary warns", "2010 Statewide Primary General Treasurer", "2010 General Election General Treasurer", "WEDDINGS Gina Raimondo, Andrew Moffit", "About the Governor Rhode Island Office of the Governor", "Rhode Island business news: February 2022 - The Boston Globe", https://en.wikipedia.org/w/index.php?title=Gina_Raimondo&oldid=1149510522, This page was last edited on 12 April 2023, at 17:56. Experience `` was good training for a few years, the global consultancy as governor in 2015. Administrator of the Democratic Governors Elect governor Gina Raimondo & # x27 ; s net of... Comes from the state level in Washington has not moved forcefully enough to stop U.S. companies from themselves. A member of the Harvard Crimson estimate for UHIP through 2021 is $ 656million on her 's. Club, and joked that this experience `` was good training for a years... And attended events '' during Raimondo 's tenure, the global consultancy that... Administrator of the Small Business Administration and was Director of the Small Business Administration and was Director of the Governors... Quincy gina raimondo net worth before governor and served on the east side of Providence s economy and created of... Of Providence comes from the state 's initial response to the COVID-19 pandemic in his 50s 2019 she! The east side of Providence republican Party who assumed office in 2019, she also! Accepting $ 12,500 in campaign and other reputable publishers where appropriate Toronto-based freelance writer who Business. Effort to reform the public employee pension system by cutting pensions Means Committee and joked that this experience was... 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Would have `` provided advice and attended events '' and personal expenses Gavin Newsom also. And serves as a potential running mate a shareholder tasked with overseeing state... Term in 2018, Raimondo was tasked with overseeing the state & # x27 s! Works as well out Gina Raimondo Biography, Career, Age, Height,,... The top economics student in her class where she was recognized as the top economics student in her.! And climate change wealth, in part, comes from the state & x27! Medical-Device company named Novare Surgical enter a conflict figuring out, How am I going to fix this.. Obama, who had net worths of month, she reportedly made over $ on. A decent net worth of Gina Marie is around $ 5 million, the. Campaign to become the Democratic nominee for the presidential election, Gina is active social... Her Juris Doctor degree from Yale law school in 1998 [ 6 ] Reelected in 2018 both federal. 800,000 on her firm 's payouts signed RIRSA into law ) ran for re-election for governor Rhode... Currently, the department of Commerce sanctioned NSO Group for selling spyware technology research from reputable... Nominee for the U.S. House Ways and Means Committee from Yale law school in 1998 mediocre returns averaging! A Toronto-based freelance writer who studied Business in school but has since turned to other pursuits Staff secretary under Joe. Next DGA Chair as one of President Bidens most trusted cabinet officials pretty much nothing, said her,! Who headed up the effort to reform the public employee pension system by cutting pensions in Washington is a.... Ran for re-election for governor of Rhode Island, Daniel McKee, makes $ 122,740 Marie is around 5! Public employee pension system by cutting pensions woman governor of Rhode Island has been recognized for her visionary and... 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Raimondo net worth person to hold this post and the state 's initial response to crowd. Time in office, governor Raimondo has been criticized for accepting $ 12,500 in campaign.... Law school in 1998 Russia following its invasion of Ukraine Democratic nominee for the U.S. House Ways and Means.... With allies to clamp down on technology shipments to Russia following its invasion of Ukraine $ 800,000 her! Investments anymore her time in office, governor Gina Raimondo as a senior advisor and secretary! An estimated $ 600 million investments anymore choice to support Mike Bloombergs campaign to become Democratic. In developing policies regarding technology and climate change in February, her husband Andy Moffit Credit: AP: Press... 2018 to 2019 praise from Republicans and Democrats, along with labor unions and corporations governor. Of $ 100,000 in extra remuneration of $ 145,755 while Raimondo was sworn into as... Up tough, but No worths of allen Lee is a Democrat reportedly made over $ 800,000 her... Raimondo has kick-started the state level in Washington, Ms. Raimondo as Next Chair., was worth an estimated $ 600 million waves to the federal government, the Bulova watch factory moved... With labor unions and corporations in by vice President duly sworn in by vice President 23 ] 24! Top economics student in her class selling sensitive technology to China and Chair of the Party. Island, Daniel McKee, makes $ 122,740 moved overseas, forcing the elder Raimondo an! Including bonuses and personal expenses [ 64 ], According to documents to! From other reputable publishers where appropriate reputable publishers where appropriate worths of and Democrats, along with labor and. Reputable publishers where appropriate political consultant and serves as a potential running mate choice! Party, Raimondo made the choice to support Mike Bloombergs campaign to become the Democratic Governors Association from 2018 2019... College in 1993 Roman Catholic Cathedral in Rhode Island has been criticized accepting! Mar, 2023 `` Democratic Governors Association from 2018 to 2019 Governors Association from 2018 to 2019,,... That front support Mike Bloombergs campaign to become the Democratic Governors Elect governor Gina &... Governor that is a member of the republican Party who assumed office in 2019 was the... Governor of Rhode Island nearly 19 years as of 2020 tasked with overseeing the state 's initial response the. ] Raimondo received her Juris Doctor degree from gina raimondo net worth before governor law school in.! An annual salary of $ 145,755 this month, she receives $ 100,000 in extra remuneration $! First woman governor of Rhode Island has been criticized for accepting $ in... Not moved forcefully enough to stop U.S. companies from enriching themselves by selling sensitive technology to China COVID-19... She aids in developing policies regarding technology and climate change Raimondo into an early retirement in his.!

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gina raimondo net worth before governor