In less than two years in Washington, Ms. Raimondo, 51, has emerged as one of President Bidens most trusted cabinet officials. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. [20][21] She went on to Harvard College, graduating magna cum laude in 1993 with a Bachelor of Arts degree in economics. Long, the first Black woman to serve on the Rhode Island Supreme Court.[54]. Andy Moffit with wife Gina Raimando. 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. In this Jan. 8, 2021 file photo,. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. Raimondo is the 40th Secretary of Commerce and was previously the governor of Rhode Island. Biden had previously considered several high-profile chief executives for the position, including Quibi CEO Meg Whitman and Ariel Investments co-CEO Mellody Hobson. The lieutenant governor, Sabina Matos, makes $122,740. We pulled all the plugs to make sure this was a failure. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. [87], Raimondo was duly sworn in by Vice President Kamala Harris on March 3, 2021. 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. 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. [34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. Currently, the family of four resides on the east side of Providence. Donald Trumps commerce secretary, Wilbur Ross, was worth an estimated $600 million. 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. Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. 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. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Net: Oppose: 7%. 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. Nasdaq CEO Adena Friedman on the Future of Stock Exchanges. interests. Gov. Gina Raimondo Net Worth. gina raimondo husband net worth. 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. There is no exact information on Raimondo's fortune and net worth. At the moment she is serving as the 40th US Secretary of Commerce. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. "About Commerce. 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. Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. Caitlin Legacki, a spokeswoman for the Commerce Department, dismissed speculation about Ms. Raimondos next moves as wheel spinning.. [59] This computer crash created a backlog of more than 20,000 cases. Curiously, Raimondo made the choice to support Mike Bloombergs campaign to become the Democratic nominee for the presidential election. She serves as the vice-chair of the board of directors of Crossroads Rhode Island. She joined a Massachusetts-based firm called Village Ventures, which created a network of regional venture-capital funds. She celebrates her birthday on 17 May every year and her birth sign is Taurus. Bell went on: "Medicaid terminations need to be done with some due process. [93], According to Axios, "Raimondo has become the [tech] industry's key advocate within the Biden administration" during her tenure. [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. He became unemployed at 56 when the Bulova company decamped operations to China, shuttering the factory in Providence. Raimondo concluded that it was now time "to unify behind Joe Biden".[81]. [24] Raimondo has stated that her experience working at housing and poverty clinics inspired her to attend law school. An illustration of a magnifying glass. Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. Raimondo went on to graduate with honors from Harvard, where she was recognized as the top economics student in her class. Raimondo's husband, Andy Moffit, is the chief people officer at PathAI, a Massachusetts-based artificial intelligence firm backed in part by Danhua Capital, the Washington Free Beacon reported. Don't Know 4%. She assumed office on March 3, 2021. [75], With Piccola's departure, the interim director is DCYF executive legal counsel Kevin Aucoin. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. ", Ballotpedia. Gina Raimondo and Andrew Moffit married in 2001. The legality of RIRSA was challenged in court by the public employee unions, but a settlement was reached in June 2015. Check out Gina Raimondo's net worth in US Dollar Mar, 2023. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. 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. Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. [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. 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. Both Ceci and Tommy are school kids at the moment. . Gina's net worth as of 2022 is $300 million. She previously served as the Governor of Michigan and as the state's Attorney General. Who is Gina Raimondo? In short, it is a New England town that encompasses a number of historic villages such as Esmond, Greenville, and Mountaindale. Biden Picks Rhode Island Governor for Commerce Secretary. It was a rough time for my family, his daughter recalled during her January nomination hearing. Here are ten, Read More 10 Things You Didnt Know About David IgeContinue, Henry McMaster is the Governor of South Carolina. While Raimondo was running Rhode Island, her husband Andy Moffit was working for McKinsey & Company, the global consultancy. Fix the bridges and the roads.. By Alexa Gagosz Globe Staff, Updated May 6, 2021, 11:27 a.m . @JoeBiden has been a champion for women throughout his decades in public service. 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. Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. He succeeded his predecessor Governor Nikki Haley when she resigned for the purpose of becoming the U.S. [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. 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. The outcome could also have ramifications for Ms. Raimondos political ambitions. When you lose your Medicaid with no warning and no effort to transition you onto the exchange, the consequences can be deadly. Raimondo, a moderate Democrat with a background in the finance industry, was elected as the first female governor of her home state in 2014. [33], Running a candidacy that emphasized her business credentials, Raimondo pledged to "use the power as the chief investment officer to lean on banks to invest again". They have been married for nearly 19 years as of 2020. What is Gina Raimondo's net worth? Gina was a senior vice president for fund developments at a company called Village Ventures in New York. 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. Between assuming office and the end of 2019, Raimondo consistently ranked towards the bottom of approval ratings for all governors in the United States. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. Democrat Gina Raimondo resigned the state's top office on Tuesday night, hours after winning U.S. Senate confirmation as commerce secretary on an. Some progressive groups have accused Ms. Raimondo of being under the influence of big tech firms and not thoroughly disclosing those ties. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. So far, he has managed to win not one but two elections for said position, with the second time being an uncontested victory. 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. The state remained invested in her former fund. For example, she has cut a lot of taxes as well as removed a lot of regulations. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. 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 . Recently, Raimondo has been working to get rid of some of her holdings. Raimondo was elected to serve as the vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. As said official, she was the one who headed up the effort to reform the public employee pension system by cutting pensions. [96] In March 2022, Warren accused Raimondo "lobbying on behalf of Big Tech". Gov. We also reference original research from other reputable publishers where appropriate. PROVIDENCE Rhode Island has a new governor. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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