75th Governor, Rhode Island WORTH Published on February 11, 2020 On January 6, 2015, Gina M. Raimondo became the 75th Governor of Rhode Island and the state's first female governor. Born and Raised in Smithfield, RI Was it impactful? she asked. Not only did they implement it, they displaced all of the most senior workers with the wealth of experience. Elana Dur is a markets writer for Investopedia. Gina Raimondo as his commerce secretary. ", Democratic Governors. 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. Here's How Much Treasury Secretary Janet Yellen Is Worth, Here's How Much Secretary Of Defense Lloyd Austin Is Worth, Here's How Much Secretary Of Homeland Security Alejandro Mayorkas Is Worth, How Pete Buttigieg Cashed In On His Candidacy, Heres How Much Treasury Secretary Janet Yellen Is Worth, Heres How Much HHS Secretary Xavier Becerra Is Worth. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. Gina Raimondo's COVID-19 approval rating plummeted during her final month as governor By Dan McGowan Globe Columnist, Updated March 24, 2021, 9:12 a.m. She cofounded and served as a general partner of Point . [74] The federal report noted that DCYF services were "inadequate, not developed when needed, or lacked consistent monitoring". In the sixth grade, she was also deeply influenced by watching her father lose his job at the Bulova watch factory as American manufacturers began sending jobs overseas. [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. These include white papers, government data, original reporting, and interviews with industry experts. She won in the general election on November 6, 2018. During this period, she specialized in health care investments. 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. Gina Raimondo is the 75th Governor of Rhode Island. 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. While Gina sure has a massive income, her net worth might not be less than $5 million. The two-term former Governor was a former Old Stone Bank and Cookson America exec before making the switch to politics -- and wielded enough influence even prior to winning the seat to convince. Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate. Gina Raimondo's net worth is estimated to be around $300 million USD . Raimondo was both born and raised in Smithfield, RI. 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. ", U.S. Department of Commerce. [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. jack gee, jr Uncategorized. 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. Biden Picks Rhode Island Governor for Commerce Secretary. The Commerce Department, under Ms. Raimondos leadership, is now poised to begin distributing nearly $100 billion roughly 10 times the departments annual budget to build up the U.S. chip industry and expand broadband access throughout the country. Gina Raimondo was born and raised in Rhode Island. Those criticisms have been fanned by rumors in recent months that the White House is considering Ms. Raimondo to serve as the next Treasury secretary if Janet L. Yellen, the current occupant of that post, eventually steps down. Likewise, non-critical retailers can now let in one customer per 150 square feet, though they are still encouraged to have their customers pick up preorders. She grew up in Smithfield, Rhode Island, the youngest of three children in an Italian-American family. 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. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. As Secretary of Commerce, Raimondo has been a co-chair of the Trade and Technology Council since its creation in 2021. She also served as chair of the Democratic Governors' Association in 2019. [29][30] Under Raimondo's leadership, Point Judith grew to over $100 million in assets and reportedly helped grow over twenty businesses. Raimondo went on to graduate with honors from Harvard, where she was recognized as the top economics student in her class. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of $600 million and $2 billion, respectively. 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. She has been holding that office since early 2021. Last year, Moffit switched jobs to became chief people officer of a company named PathAI, which is developing technology to help diagnose and treat diseases. Senator Jack Reed. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. During her time in office, Governor Raimondo has kick-started the state's economy and created thousands of jobs. 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. 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. The investigation was still underway as of summer 2017. [24] Raimondo has stated that her experience working at housing and poverty clinics inspired her to attend law school. [22], Raimondo attended New College, Oxford as a Rhodes Scholar, where she received a Bachelor of Arts (later promoted to Master of Arts by seniority) and Doctor of Philosophy in 2002 in sociology. Gina Raimondo Net Worth. Identities Podcasts. She is the first woman to have been elected in the role, which she stepped into in 2015. Nasdaq CEO Adena Friedman on the Future of Stock Exchanges. You should have a chance to fight the decision to rip away your health insurance. As the General Treasurer of Rhode Island, Raimondo pushed for payday lending reform as well. Time will tell whether, Read More 10 Things You Didnt Know about Andrew GintherContinue, Roy Cooper is the Democratic Governor of North Carolina. In this Jan. 8, 2021 file photo,. Raimondo was elected to serve as the vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. Senior editor at Forbes, covering Donald Trump's business. Long, the first Black woman to serve on the Rhode Island Supreme Court.[54]. [9] Raimondo was named a national co-chair for the Bloomberg campaign. [93], According to Axios, "Raimondo has become the [tech] industry's key advocate within the Biden administration" during her tenure. [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". There is no exact information on Raimondo's fortune and net worth. [104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. 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. She doesnt seem to own her old venture-capital investments anymore. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. Besides this, the pension fund under Raimondos tenure came under criticism for underperforming when compared with its peers. In total, Raimondo has four degrees. Something that received bipartisan support in both chambers of the General Assembly as well as something like 60 percent support from the Rhode Island public. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. 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. In 2010, Raimondo defeated her Republican opponent Kernan King to become the General Treasurer of Rhode Island. The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. Ms. Raimondo beamed as she greeted. Gina Raimondo and Andrew Moffit married in 2001. Her grandfather arrived in the U.S. from Italy at the age of 14 and taught himself English in a public library. Gina's net worth as of 2022 is $300 million. 5. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. . In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. In response, U.S. Food and Nutrition Service's Northeast Regional Administrator, Kurt Messner, urged Raimondo to postpone the launch because it would interrupt or interfere with benefits the agency oversees. At the same time, the administration is choking off Beijings access to advanced chips and other technology critical to Chinas military and economic ambitions. [56] However, Raimondo's approvals saw a significant rise during the COVID-19 pandemic. Look at Gina Raimondo", "Could Rhode Island's Gina Raimondo Be the Next Centrist Democrat to Fall? The State of Rhode Island invested $5 million in one of Raimondo's funds around 2006. Meanwhile, her supporters claimed that the investments in hedge funds served to stabilize the portfolio for more consistent returns over time than otherwise possible. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. 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. Task will have big implications for the Bloomberg campaign receives $ 100,000 in extra,. Massive income, her net worth the most senior workers with the wealth of experience,. A lot more than just verbal support long, the first woman to been... 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