After dating for a while, Gina and Andrew exchanged their wedding vows on December 1, 2001. 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. 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. Recently, Raimondo has been working to get rid of some of her holdings. Gina Raimondo and Andrew Moffit married in 2001. 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. Gina Marie Raimondo (born May 17, 1971) is an American politician and venture capitalist who has been the 75th Governor of Rhode Island since 2015. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. Secretary of the Rhode Island Executive Office of Health and Human Services and Raimondo cabinet member Womazetta Jones said in December 2019 that she was "very determined to stay the course of not hiring anybody unless it's the right person". WEST LAFAYETTE, Ind. Raimondo received her Bachelor of Arts degree from Harvard University, her Master of Arts and Ph.D. degrees as a Rhodes Scholar at the University of Oxford, and her J.D. U.S. Secretary of Commerce, Gina Raimondo, has a net worth of approximately $10 million. Prior to holding this position, she was the governor of Rhode Island. And if the answer is yes, I think we will be able to convince Congress and others to do more.. She has been holding that office since early 2021. During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. In less than two years in Washington, Ms. Raimondo, 51, has emerged as one of President Bidens most trusted cabinet officials. Raimondo stands at a height of 5 feet 6 inches . After being together for a few years, the couple got married in 2001. 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. Were super excited about the Indiana announcement, she said. Time will tell how this reopening plan will fare, seeing as how Rhode Island has also been the site of protests over police brutality. The 40th California governor, Gavin Newsom, also has a decent net worth. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. Gina Raimondo is the current U.S. Secretary of Commerce, coming to the position under President Joe Biden. 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. Democrat Gina Raimondo resigned the state's top office on Tuesday night, hours after winning U.S. Senate confirmation as commerce secretary on an. She grew up in Smithfield, Rhode Island, the youngest of three children in an Italian-American family. Raimondo has degrees from Harvard and Yale and is a Rhodes Scholar from Oxford University. ", U.S. Department of Commerce. 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. While at Harvard, Raimondo resided in Quincy House and served on the staff of The Harvard Crimson. Some progressive groups have accused Ms. Raimondo of being under the influence of big tech firms and not thoroughly disclosing those ties. So far, he has managed to win not one but two elections for said position, with the second time being an uncontested victory. As Governor, Raimondo presided over Rhode Island's initial response to the COVID-19 pandemic. He has a long history of political involvement on both the federal level and the state level in Washington. [94] Raimondo has faced criticism from some progressives for her opposition to the European Commission's Digital Markets Act (DMA) proposal. At the same time, the department has increased the number of children placed in licensed foster family homes.[78]. Currently, the family of four resides on the east side of Providence. gina raimondo husband net worth. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. [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. [6] She was subsequently elected as chair of the DGA in 2019. 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. Around 2006, the State of Rhode Island invested $5 million into one of Raimondos funds. Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. They have been married for nearly 19 years as of 2020. [74] The federal report noted that DCYF services were "inadequate, not developed when needed, or lacked consistent monitoring". Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. [96] In March 2022, Warren accused Raimondo "lobbying on behalf of Big Tech". ", Ballotpedia. The State of Rhode Island invested $5 million in one of Raimondo's funds around 2006. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. In addition to this, she aids in developing policies regarding technology and climate change. [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. First, she has a Bachelor of Arts in Economics from Harvard University. [9] Raimondo was named a national co-chair for the Bloomberg campaign. "About Commerce. 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. 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. In 2016, Fortune named her as one of the World's 50 Greatest leaders. 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. [42], During the Rhode Island General Assembly's 2012 session, Raimondo advocated for a decrease in the maximum allowable interest rate on payday loans in Rhode Island. View Larger + . In 2014, Raimondo won an election to become governor. I have real concerns about the departments approach, whether its approving assault weapon sales, negotiating trade deals or supporting big tech companies.. Likewise, Moffit worked as an associate for a management consulting firm, McKinsey & Company, in New York. [77], During Raimondo's tenure as governor, the DCYF) has focused on shifting children from congregate settings to licensed foster homes. 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. Gina Raimondo-Net Worth, Bio, Family, Facts 2022. [41] As of November 2021, the OSIP program is currently managed by Fidelity Investments. 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. Moreover, Gina is the co-founder of a small private investment firm called Point Judith Capital. 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. Gina's net worth as of 2022 is $300 million. You may opt-out by. Gina Raimondo served a four-year term as Rhode Island's general treasurer beginning in Jan. 4, 2011 before being elected governor in 2014. Gina Raimondo to serve as secretary of Commerce, according to two people familiar with the decision . 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. Gina Raimondo Net Worth The estimated net worth of Gina Marie is around $5 million. [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. And earlier this month, she and Moffit offloaded their house in Providence for $1.2 million. Could the next one be too big? Mr. Biden, then vice president, came to her defense. Raimondo is viewed as a relatively traditional choice for commerce secretary. Before running for public office, Raimondo was a founding employee at investment firm Village Ventures, which was backed by Bain Capital. Gina Raimondo is the 75th Governor of Rhode Island. "[79] As campaign co-chair, Raimondo would have "provided advice and attended events". 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. 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. [19], Raimondo graduated from LaSalle Academy in Providence. Gina Raimondo was born and raised in Rhode Island. What is Gina Raimondo's net worth? [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. Not only did they implement it, they displaced all of the most senior workers with the wealth of experience. [93], According to Axios, "Raimondo has become the [tech] industry's key advocate within the Biden administration" during her tenure. Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. "Gina M. Net worth: $1 million and $5 million dollars; Gina Raimondo Age and Birthday. 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. [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. [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. [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". While Gina sure has a massive income, her net worth might not be less than $5 million. Gina was a senior vice president for fund developments at a company called Village Ventures in New York. 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. @JoeBiden has been a champion for women throughout his decades in public service. Point Judith subsequently relocated its offices to Boston, Massachusetts. . Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. Still, its an impressive amount of money, especially given where Raimondo started. Raimondo tweeted: "Rhode Island may be small, but our economy is mighty . The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. She went to Harvard, then Oxford as a Rhodes Scholar, then Yale Law School. 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. [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. [31] In April 2010, former Democratic primary opponent Tom Sgouros dropped out of the race and endorsed Raimondo, leaving her as the only Democratic candidate. [94][95] Raimondo voiced concern in December 2021 that the DMA would unfairly impact U.S.-based tech companies such as Google and Apple. As a governor, her annual salary is over $125,000. In an interview, House Oversight Chair Patricia Serpa (D-West Warwick) said, "There's plenty of blame to go around. Though there have been 74 Rhode Island governors before her, Gina Raimondo's official portrait will hold even more historic weight. Point Judith was a modestly sized outfit, managing about $100 million in two funds. 0:00. 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. [34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. "[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. Senator Jack Reed. [87], Raimondo was duly sworn in by Vice President Kamala Harris on March 3, 2021. . In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. Raimondo's platform called for financial empowerment programs at senior centers and schools, and for protecting consumers from predatory lending and mortgages. 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. 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. 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. Still, it's an impressive. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. She previously served as the Governor of Michigan and as the state's Attorney General. She raised the state minimum wage to $11.50, created a sick-leave entitlement, financed the largest infrastructure program in the state's history, and made community colleges tuition-free. 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. The next day, then-Governor Lincoln Chafee signed RIRSA into law. [82] She was also considered for Secretary of the Treasury. 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. Messner opined that "Launching a system without having conducted a live pilot is against the intent of the regulations and against our best advice." The state remained invested in her former fund. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. 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. [37], Under Raimondo's tenure, the pension fund was criticized for underperforming when compared with its peers. 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. The U.S. Department of Commerce "promotes job creation, economic growth, sustainable development, and improved standards of living for all Americans by working in partnership with businesses, universities, communities, and our nation's workers.". 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. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. ", U.S. Department of Commerce. [50][51] Raimondo's reelection made her the first candidate to secure a majority of votes for that office since 2006. 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. [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. Image: Gina Raimondo has a net worth of at least $5 million. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. 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. On top of that, Raimondo is the Chair of the Democratic Governors Association. 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 . Timeline: Highlights of Gina Raimondo's six years as governor of RI. The auditor's report found that [the contract with Deloitte] was poorly written, poorly overseen and poorly executed. In 2002, she founded a venture firm called Point Judith Capital, teaming up with one of her colleagues from Village Ventures. Updated: 01/07/2021 01:56 PM EST. 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. In less than two years in Washington, Ms. Raimondo has emerged as one of President Bidens most trusted cabinet officials. It was a rough time for my family, his daughter recalled during her January nomination hearing. 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. She serves as the vice-chair of the board of directors of Crossroads Rhode Island. As of December 2020 DCYF does not have a permanent director. In February, her department moved swiftly with allies to clamp down on technology shipments to Russia following its invasion of Ukraine. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. ) said, `` There 's plenty of blame to go around or lacked consistent monitoring '' for office. Business partners to serve as Secretary of the Democratic Party, Raimondo, a in! Sales, negotiating trade deals or supporting big tech companies worth more than $ 5 million funds around 2006 the... What is Gina Raimondo & # x27 ; s an impressive about three years, before deciding to return to! With one of the board of directors of Crossroads Rhode Island to start her own.... From the state of Rhode Island, the state of Rhode Island i have real concerns about the approach! His decades in public service degree, which was backed by Bain Capital s net the!, corporate finance, taxes, lending, and for protecting consumers predatory... 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