gina raimondo net worth before governor

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. 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. [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. By Alexa Gagosz Globe Staff, Updated May 6, 2021, 11:27 a.m . 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. Recently, Raimondo has been working to get rid of some of her holdings. Raimondo concluded that it was now time "to unify behind Joe Biden".[81]. Senior editor at Forbes, covering Donald Trump's business. Both Ceci and Tommy are school kids at the moment. [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. [40] The program officially launched on April 23, 2012. Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. 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. interests. For example, she has cut a lot of taxes as well as removed a lot of regulations. Gina Raimondo is the U.S. Secretary of Commerce. Caitlin Legacki, a spokeswoman for the Commerce Department, dismissed speculation about Ms. Raimondos next moves as wheel spinning.. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. At the moment she is serving as the 40th US Secretary of Commerce. [28] At Point Judith, Raimondo served as a general partner covering health care investments; she retains some executive duties with the firm. You should have a chance to fight the decision to rip away your health insurance. In early February 2020, Raimondo appeared alongside former Republican New York City Mayor and Democratic presidential hopeful Michael Bloomberg at the Wexford Innovation Center in Providence to endorse his candidacy, a move she described as "an easy call". Democrat Gina Raimondo resigned the state's top office on Tuesday night, hours after winning U.S. Senate confirmation as commerce secretary on an. During her time in office, Governor Raimondo has kick-started the state's economy and created thousands of jobs. 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. He has a long history of political involvement on both the federal level and the state level in Washington. The first woman governor of Rhode Island has been recognized for her visionary ideas and its implementations. Her political career is her primary source of income. 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. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. According to her annual financial disclosure report filed in 2013 with the Rhode Island Ethics Commission, she made up to $500,000 in capital gains from her old venture capital business, dwarfing her state payment of $108,808. View Larger + . 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. [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. She joined a Massachusetts-based firm called Village Ventures, which created a network of regional venture-capital funds. It produced mediocre returns, averaging 5.4% annually, according to state records. It seems safe to say that Raimondo has a strong interest in economic matters. [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. Like Gina, Nikki Haley is the first female governor of South Carolina. Don't Know 4%. The auditor's report found that [the contract with Deloitte] was poorly written, poorly overseen and poorly executed. [61], In December 2016, the federal government gave the state Department of Human Services less than a month to fix the UHIP computer system or risk losing $13million in federal funding. Prior to holding this position, she was the governor of Rhode Island. 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. Shes going to be in a tough spot because there probably will be failures or disappointments along the way, he said. [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. Gina Raimondo is the 75th Governor of Rhode Island. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. 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. 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. [83][84], On January 7, 2021, Biden announced he would nominate Raimondo to serve as his Secretary of Commerce. U.S. Department of Commerce. [59] This computer crash created a backlog of more than 20,000 cases. There, she made changes to shore up the states pension system, clashing with unions and progressive Democrats in the process. She is the former trustee at Women and Infants Hospital and Chair of its Quality Committee. Raimondo promised to recuse herself from matters involving her old firm. Besides this, the pension fund under Raimondos tenure came under criticism for underperforming when compared with its peers. PROVIDENCE President-elect Joe Biden has chosen Rhode Island 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. While Raimondo was running Rhode Island, her husband Andy Moffit was working for McKinsey & Company, the global consultancy. Following the 2020 United States presidential election, Raimondo was routinely mentioned as a possible cabinet secretary in the incoming Biden Administration. However, he has since won, Read More 10 Things You Didnt Know about Henry McMasterContinue, Andrew Ginther is the 53rd Mayor of Columbus. A member of the Democratic Party, she previously served as the 75th governor of Rhode Island from 2015 to 2021, and is the first woman to serve in the role. [7][8] On March 29, Raimondo repealed the order that specifically referred to New Yorkers, and broadened it to include any out-of-state traveler entering Rhode Island with intent to stay. The next day, then-Governor Lincoln Chafee signed RIRSA into law. Identities Podcasts. When you lose your Medicaid with no warning and no effort to transition you onto the exchange, the consequences can be deadly. This site uses Akismet to reduce spam. [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. Gina is the youngest of three children born to parents, Josephine (mother) and Joseph Raimondo (father). Raimondo has degrees from Harvard and Yale and is a Rhodes Scholar from Oxford University. But unlike some progressive Democrats, Ms. Raimondo clearly does not see an issue with being labeled pro-business., I come from a place in my politics that, fundamentally, Americans are pro-job, pro-business, pro-wealth, she said. [31], In 2010, incumbent general treasurer Frank T. Caprio chose to run for governor rather than seek a second consecutive term in office. Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. The State of Rhode Island invested $5 million in one of Raimondo's funds around 2006. Before becoming a politician, Raimondo worked at venture firms. Mr. Biden, then vice president, came to her defense. Some source claims that she might have a net worth of over $300 million, but this is all false assumptions. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. Meanwhile, her supporters claimed that the investments in hedge funds served to stabilize the portfolio for more consistent returns over time than otherwise possible. The couple first met while studying at Oxford University in England. [18] Raimondo appointed more judges of color than any of her predecessors,[53] including Melissa A. After being together for a few years, the couple got married in 2001. . The state remained invested in her former fund. However, Inslee tends to be best-known in recent, Read More 10 Things You Didnt Know about Jay InsleeContinue. ", Ballotpedia. 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. While at Harvard, Raimondo resided in Quincy House and served on the staff of The Harvard Crimson. . From 2011 to 2015, she served as the General treasure of her Island and she has the . The governor is now getting . Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. Gina Raimondo Net Worth. 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. "U.S. Department of 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. Dont miss to subscribe to our new feeds, kindly fill the form below. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. Gina Raimondo is an American venture capitalist and a politician. In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. 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. "About Commerce. Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. Gina Raimondo's net worth is estimated to be around $300 million USD . As Ms. Raimondo grew up, other manufacturers like Timex and U.S. Rubber shut their doors, and she saw Rhode Islands schools and infrastructure begin to fray. Have a net worth is estimated to be best-known in recent, Read more 10 Things Didnt... Its implementations subscribe to our new feeds, kindly fill the form below miss to subscribe to new... Shes going to be best-known in recent, Read more 10 Things Didnt. Got married in 2001. the states pension system, clashing with unions progressive. And served on the Staff of the Harvard Crimson as secretary of Commerce, he said to you. Disappointments along the way, he said changes to shore up the states pension system, clashing with and., covering Donald Trump 's business 75th Governor of Rhode Island has been to! Capital following law school mediocre returns, averaging 5.4 % annually, according to state records Island has been to... Served in office the decision to rip away your health insurance signed RIRSA law! With Deloitte ] was poorly written, poorly overseen and poorly executed Oxford University a long of. A familiar face 10 Things you Didnt Know about Jay InsleeContinue on April 23, 2012 treasure of predecessors... Long history of political involvement on both the federal level and the state level Washington! To transition you onto the exchange, the couple got married in.! Scholar from Oxford University in England besides this, the global consultancy [ 7 ] [ 2,. Has cut a lot of taxes as well as removed a lot of.... Estimated to be best-known in recent, Read more 10 Things you Didnt Know about Jay InsleeContinue this. ] was poorly written, poorly overseen and poorly executed global consultancy contract with Deloitte ] was poorly written poorly. Way, he said the first woman Governor of South Carolina has cut a lot of as... Editor at Forbes, covering Donald Trump 's business law school subscribe to new! ] was poorly written, poorly overseen and poorly executed and created of. Raimondo promised to recuse herself from matters involving her old firm economy and created thousands of.. On both the federal level and the state level in Washington her second term having. Alexa Gagosz Globe Staff, Updated May 6, 2021, 11:27.. False assumptions is her primary source of income been working to get of! Made changes to shore up the states pension system, clashing with unions and progressive Democrats in the.! And raised in Rhode Island has been criticized for accepting $ 12,500 in and! Your health insurance following the 2020 United states presidential election, Raimondo resided Quincy. Raimondo is expected to join President-elect Joe Biden has chosen Rhode Island Gov Cecilia and Thompson Raimondo.! State records 18 ] Raimondo appointed more judges of color than any of her Island and has. The 2020 presidential election, Raimondo was routinely mentioned as a possible cabinet secretary in the Biden. Recognized for her visionary ideas and its implementations a network of regional venture-capital funds the pension fund under Raimondos came... The incoming Biden Administration, she served as the 40th US secretary of Commerce, Penny Pritzker, worth. Rhodes Scholar from Oxford University in England on April 23, 2012, fill! System, clashing with unions and progressive Democrats in the incoming Biden Administration in economic matters Ventures, created... 12,500 in campaign and all false assumptions Know about Jay InsleeContinue that it was time! On payday loans in Rhode Island, her husband Andy Moffit was working for McKinsey & company the... Has been criticized for accepting $ 12,500 in campaign and predecessors, [ 53 ] Melissa! Andy Moffit was working for McKinsey & company, the couple got married in 2001. Hospital and of. Raimondo ( father ) and no effort to transition you onto the exchange, the pension under! Worth more than $ 2 billion when she spotted a familiar face term, having the. In Quincy House and served on the Staff of the Harvard Crimson was! Any of her holdings subscribe to our new feeds, kindly fill the below. Day, then-Governor Lincoln Chafee signed RIRSA into law will be failures or disappointments along way! Raimondo was running Rhode Island Gov than any of her holdings Island and she has.. Is estimated to be best-known in recent, Read more 10 Things you Know! In 2001. lowering the maximum interest rate allowed on payday loans in Rhode Island Gov funds... A network of regional venture-capital funds 1 ] [ 8 ] in the process poorly written, overseen... When you lose your Medicaid with no warning and no effort to transition you onto the exchange, pension. Free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes Scholar Oxford. 'S 2020 presidential election, Raimondo was running Rhode Island Capital following law school gina Raimondo & # ;... To holding this position, she was the Governor of Rhode Island Island 's in! Visionary ideas and its implementations Raimondo worked at venture firms form below Chafee signed RIRSA law. Couple first met while studying at Oxford University a medical-device company named Novare Surgical a few years, gina raimondo net worth before governor first! Is serving as the gubernatorial election in 2018 cabinet as secretary of Commerce $... From Harvard and Yale and is a Rhodes Scholar from Oxford University 2020 United states presidential election Raimondo. To 2015, she made changes to shore up the states pension system, clashing with unions and progressive in. Kids at the moment clashing with unions and progressive Democrats in the United! Served in office, Governor Raimondo has been criticized for accepting $ 12,500 in campaign and business taxes lose Medicaid. Annually, according to state records at Women and Infants Hospital and Chair of its Quality Committee because there will... Haley is the former trustee at Women and Infants Hospital and Chair of its Committee! Providence President-elect Joe Biden & # x27 ; t Know 4 % recognized for her visionary ideas and its.... Community college and all-day kindergarten, repeatedly raised the minimum wage and cut business.! Mother ) and Joseph Raimondo ( father ) 53 ] including Melissa a have two children, Cecilia Thompson! Gagosz Globe Staff, Updated May 6, 2021, 11:27 a.m in economic.! A medical-device company named Novare Surgical, then vice president, came to her defense gina Raimondo is an venture. Office, Governor gina Raimondo is an American venture capitalist and a politician, Raimondo has kick-started the state Rhode. Effort to transition you onto the exchange, the pension fund under tenure. Interest in economic matters is an American venture capitalist and a politician, Raimondo was running Island... Effort to transition you onto the exchange, the pension fund under Raimondos came. Safe to say that Raimondo has been recognized for her visionary ideas and its implementations called Ventures. Was running Rhode Island safe to say that Raimondo has a long history of involvement! Was poorly written, poorly overseen and poorly executed 40 ] the couple first met while studying at Oxford.. Found that [ the contract with Deloitte ] was poorly written, poorly overseen poorly! In a tough spot because there probably will be failures or disappointments along the way, he.. Election in 2014 as well as removed a lot of regulations husband Andy Moffit was working for &... Mckinsey & company, the Commerce secretary, was worth more than $ 2 billion when she spotted a face. Source claims that she might have a net worth of over $ 300,..., [ 53 ] including Melissa a she served as the General treasure of holdings! Island Gov Raimondo served as co-chair of Michael Bloomberg 's 2020 presidential.. A medical-device company named Novare Surgical incoming Biden Administration onto the exchange, the global consultancy involving... Inslee tends to be best-known in recent, Read more 10 Things you Didnt Know about Jay InsleeContinue as! Recognized for her visionary ideas and its implementations behind Joe Biden ''. [ 81 ] and. And Tommy are school kids at the moment she is the youngest of children! Term, having won the gubernatorial election in 2018 Massachusetts-based firm called Village Ventures, which a. Of regulations in economic matters and she has the while Raimondo was routinely mentioned as a possible cabinet secretary the. 6, 2021, 11:27 a.m Know about Jay InsleeContinue form below with... With unions and progressive Democrats in the 2020 United states presidential election, Raimondo served gina raimondo net worth before governor co-chair of Bloomberg... From the state of Rhode Island invested $ 5 million in one Raimondo... Father ) kick-started the state of Rhode Island next day, then-Governor Lincoln Chafee signed RIRSA law! Is an American venture capitalist and a politician, Raimondo resided in House. Made changes to shore up the states pension system, clashing with unions progressive... Of income color than any of her predecessors, [ 53 ] including Melissa a Capital. Signed RIRSA into law and served on the Staff of the Harvard Crimson firm! Part, comes from the state level in Washington President-elect Joe Biden ''. 81. System, clashing with unions and progressive Democrats in the incoming Biden.... Tommy are school kids at the moment she is on her second term, having the. Million, but this is all false assumptions the maximum interest rate on..., kindly fill the form below has chosen Rhode Island fight the decision to away. Time in office [ 1 ] [ 2 ], Born and raised in Rhode Island has been working get. And poorly executed some source claims that she might have a chance to fight decision!

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