Her mother had shone in a job in human relations at U.S. Rubber, Ms. Raimondo said, but she was dismissed when she became pregnant, a common policy at the time. The region used to fall within the boundaries of Providence, RI, but that changed when it was incorporated as a separate town named for Smithfield, London in 1731. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. Shes going to be in a tough spot because there probably will be failures or disappointments along the way, he said. Updated: Jan 21, 2021 / 12:30 PM EST. You should have a chance to fight the decision to rip away your health insurance. As of now, Raimondo is a venture capitalist. After all, she has made a lot of changes in this regard ever since she became the Governor of Rhode Island. Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. Critics of the Biden administrations plans have noted that the federal government may not be the best judge of which technologies to back. [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. Secretary Raimondo was sworn into office as Governor in January 2015 and won a second term in 2018. Previously he was the mayor of South Bend, Indiana and a 2020 presidential candidate. Raimondo was elected alumni fellow at Yale, in 2014. [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. 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. Check out Gina Raimondo's net worth in US Dollar Mar, 2023. [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. Were super excited about the Indiana announcement, she said. 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.". ", "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. [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. However, she has also raised the minimum wage to $11.50, provided free tuition at community colleges, and financed the single biggest infrastructure program in her states history. From 2011 to 2015, she served as the General treasure of her Island and she has the . Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. This firm is named Point Judith Capital. 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. Strongly Oppose: 3%. Recently, Raimondo has been working to get rid of some of her holdings. [89] In April 2022, Raimondo contracted COVID-19 during the Gridiron Club and Foundation Dinner.[90]. [35], In May 2011, Raimondo released "Truth in Numbers", a report that advocated for benefit cuts as the solution to Rhode Island's pension problems, and she helped lead the effort to cut pensions, along with then-Speaker of the House Gordon Fox. China has responded angrily, with its leader, Xi Jinping, criticizing what he called politicizing and weaponizing economic and trade ties during a meeting with President Biden this month, according to the official Chinese summary of his comments. In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. [80] On the same day, Raimondo also endorsed Biden. ", Politico. . Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. Until 2011, she was an administrator of Women and Infants Hospital and chair of its Quality Committee. Identities Podcasts People Ai. The next day, then-Governor Lincoln Chafee signed RIRSA into law. Still, its an impressive amount of money, especially given where Raimondo started. As Secretary of Commerce, Raimondo has stated that "The Commerce Department has a simple but vital missionto spur good-paying jobs, empower entrepreneurs to innovate and grow, and help American workers and businesses compete.". At the same time, the department has increased the number of children placed in licensed foster family homes.[78]. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. Company executives describe her as a skillful and charismatic politician who is both engaged and accessible in an administration often known for its skepticism of big business. Raimondo tweeted: "Rhode Island may be small, but our economy is mighty . [59] This computer crash created a backlog of more than 20,000 cases. In 2010, Raimondo defeated her Republican opponent Kernan King to become the General Treasurer of Rhode Island. They were warned against the implementation because the system was not ready. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. [85] She appeared before the Senate Committee on Commerce, Science and Transportation on January 26. The state remained invested in her former fund. Somewhat Oppose: 5%. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 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. As Governor, Raimondo presided over Rhode Island's initial response to the COVID-19 pandemic. PROVIDENCE Rhode Island has a new governor. [3] During her first year in office, Raimondo prioritized reforming Rhode Island's public employee pension system. She told ethics officials that she divested an estimated $380,000 of sector-specific funds, as part of a process of eliminating potential conflicts of interest. She received a Master of Arts and Doctor of Philosophy in Sociology. As her department turns to funding semiconductor projects, Ms. Raimondo has promised to use tough standards to evaluate company applications, including prohibiting money from being used for stock buybacks or to make investments in advanced technology in China. Her tax returns reportedly showed an $889,000 payout from the investments in 2018. [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. We're trying to work that out." "And yes, I think probably I would . You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Gina Raimondo is touring the back room of a silk-screening shop in East Providence, talking up how her new budget helps small businesses. 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. Like Gina, Nikki Haley is the first female governor of South Carolina. Colleagues and a family member describe her as having little aversion to conflict and say she is drawn to messy policy problems by an impulse to fix them. Gina Raimondo was born and raised in Rhode Island. [91] As Secretary of Commerce, Raimondo has worked with other administration officials, such as Secretary of Homeland Security Alejandro Mayorkas, on coordinating cybersecurity policy. [50][51] Raimondo's reelection made her the first candidate to secure a majority of votes for that office since 2006. "Rhode Island State Government Salary. As a subscriber, you have 10 gift articles to give each month. Time will tell whether, Read More 10 Things You Didnt Know about Andrew GintherContinue, Roy Cooper is the Democratic Governor of North Carolina. "Here's How Much Commerce Secretary Gina Raimondo Is Worth.". The family resides on the east side of Providence. [67] In a period between January 2016 and December 2017, there were 31 fatalities or near fatalities of children in its care, with eight being confirmed fatal. But the risks are similarly huge. 1:38. Net worth: $1 million and $5 million dollars; Gina Raimondo Age and Birthday. She hosted a roundtable discussion with then-Providence mayor Angel Taveras and members of the Rhode Island Payday Reform Coalition. Headed Up Effort to Reform the Public Employee Pension System, 9. For example, she has cut a lot of taxes as well as removed a lot of regulations. You can learn more about the standards we follow in producing accurate, unbiased content in our. In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. Identities Podcasts. She also co-founded her own venture capital firm, Point Judith Capital. She said Bloomberg "obviously" performed poorly on the debate stage but supporting his candidacy "was an easy decision for me at the beginning. Following the 2020 United States presidential election, Raimondo was routinely mentioned as a possible cabinet secretary in the incoming Biden Administration. In 2014, Raimondo won an election to become governor. Gov. "[66], Under Raimondo, the Rhode Island Department of Children, Youth & Families (DCYF) had come under fire for the rate of deaths and near-deaths of children in its care. 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. Born and Raised in Smithfield, RI While at Harvard, Raimondo resided in Quincy House and served on the staff of The Harvard Crimson. [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. 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. She has been holding that office since early 2021. Ms. Raimondos work has earned her praise from Republicans and Democrats, along with labor unions and corporations. [46] On November 4, 2014, Raimondo won the general election with 41% of the vote in a three-way race versus Republican Allan Fung and Moderate Party nominee Robert J. [14], Gina Marie Raimondo was born in 1971[15] in Smithfield, Rhode Island, where she later grew up. "[64], According to documents submitted to the federal government, the cost estimate for UHIP through 2021 is $656million. Gina Raimondo is the U.S. Secretary of Commerce. 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. 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 husband net worth. She was one of the first girls allowed to attend the Catholic school, where she graduated as valedictorian. 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. 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. At an event held by the Atlantic Council in September, Ms. Raimondo acknowledged that people were watching closely and that the administrations credibility was on the line. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. Her father worked in manufacturing for decades, at a time when Rhode Island was known for its jewelry production. The Raimondo Administration ultimately ignored the federal warnings resulting in benefit delays, system downtime, and benefit loss caused in error. Anyone can read what you share. 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. 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 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. "In reality, the party's future looks much more like Gina Raimondo." Raimondo's ambition is palpable, and there's little doubt among Beltway insiders that she's angling to replace Biden should he . In this Jan. 8, 2021 file photo,. Senator Jack Reed. Healey.[47]. 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. [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. Gina Raimondo Biography, Career, Age, Height, Family, Wife, and Net Worth. [114], General Treasurer of Rhode Island (20112015), Statewide computer system rollout controversy, Michael Bloomberg's 2020 presidential campaign, United States District Court for the Southern District of New York, Rhode Island Department of Children, Youth & Families, United States Department of Health and Human Services, Executive Office of Health and Human Services, Senate Committee on Commerce, Science and Transportation, U.S.-EU Trade and Technology Council (TTC), List of female governors in the United States, List of female United States Cabinet members, "Raimondo resigns after winning Senate confirmation as U.S. commerce secretary; McKee sworn in as RI governor", "Democrat Gina Raimondo becomes Rhode Island's first female governor", "Raimondo launches campaign for Rhode Island governor", "Raimondo to help lead Democratic Governors group", "Cuomo threatens to sue RI over new policy to find New Yorkers in the state", "Cuomo threatens to sue Rhode Island if it doesn't ease up on New Yorkers during coronavirus pandemic", "Rhode Island Governor Gina Raimondo Embraces Presidential Candidate Michael Bloomberg, Continuing Her Love Affair with Wall Street", "Want to glimpse the Democrats' future? On top of that, Raimondo is the Chair of the Democratic Governors Association. 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. [74] The federal report noted that DCYF services were "inadequate, not developed when needed, or lacked consistent monitoring". 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. [18] Raimondo appointed more judges of color than any of her predecessors,[53] including Melissa A. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. 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. [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. There, she made changes to shore up the states pension system, clashing with unions and progressive Democrats in the process. [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. Gina Marie Raimondo was born on May 17, 1971, in Smithfield, Rhode Island, U.S. She is 49 years old as of 2020. Learn how your comment data is processed. When it comes to overseeing industry, Ms. Raimondo has said she sees reasonable regulation of business as a necessity, saying corporations left to their own devices will get greedy. And she has been outspoken about improving living conditions for Americas poor, often decrying an economic system where many women and people of color can work 60-hour weeks but still live in poverty. 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. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. Elana Dur is a markets writer for Investopedia. 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. "Gina M. Investopedia requires writers to use primary sources to support their work. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . These include white papers, government data, original reporting, and interviews with industry experts. U.S. Secretary of Commerce, Gina Raimondo, has a net worth of approximately $10 million. 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". The couple has two children, a daughter named Cecilia and a son named Thompson Raimondo Moffit. As of 2022, the governor of Rhode Island is Daniel McKee. Messner opined that "Launching a system without having conducted a live pilot is against the intent of the regulations and against our best advice." Her supporters say she could ascend to another cabinet position, run for the Senate or perhaps mount a presidential bid. [104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. The outcome could also have ramifications for Ms. Raimondos political ambitions. "U.S. Department of Commerce. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. Apart from politics, Gina is active in social works as well. [112][21], Raimondo is a member of the Council on Foreign Relations and an Aspen Institute Rodel fellow. [98][99] Raimondo has argued that the chip shortage presents a national and economic security threat to U.S. The investigation was still underway as of summer 2017. Third, she has a Juris Doctor that was earned from the Yale Law School. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. On top of that, Raimondo is the Chair of the Democratic Governors Association. Americans want to make money and feel like they can make money., She added: American entrepreneurship is the envy of the world. In 2019, she reportedly made over $800,000 on her firm's payouts. Copyright 2021, All Right Reserved MARRIEDCELEB. 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. Gina's net worth as of 2022 is $300 million. WEST LAFAYETTE, Ind. [77], During Raimondo's tenure as governor, the DCYF) has focused on shifting children from congregate settings to licensed foster homes. 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. Rather than divest her venture-capital holdings, Raimondo elected to put them in a trust, which she handed off to someone else to manage. But Raimondo soon changed fields, electing to pursue finance. During the time of the marriage, the couple worked in New York. They should not come from a notoriously glitchy computer system. @JoeBiden has been a champion for women throughout his decades in public service. Senior editor at Forbes, covering Donald Trump's business. Raimondo received criticism from Senator Elizabeth Warren, who argued that her comments contradicted the Biden Administration's efforts "to protect consumers and workers from Big Tech monopolies". The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. Alan Rappeport contributed reporting. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. She joined a Massachusetts-based firm called Village Ventures, which created a network of regional venture-capital funds. 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. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. Basically, what happened was that she implemented measures to make sure that people from New York would self-quarantine for 14 days, which was motivated by said state being a hotbed for the novel coronavirus. Ms. Raimondo has also presided over the most aggressive use of the Commerce Departments regulatory powers in a generation. Tudor Investment Corporation, led by hedge-fund billionaire Paul Tudor Jones II, served as an investor and partner, according to the presentation. Gina Raimondo's net worth is not known as of 2022. . 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. She played an outsized role in some of the administrations major legislative victories, including reaching out to executives to win their support for the infrastructure bill and leaning on her relationships with lawmakers and executives to get funding for the semiconductor industry put into law. [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. The first woman governor of Rhode Island has been recognized for her visionary ideas and its implementations. Raimondo ( Democratic Party) ran for re-election for Governor of Rhode Island. In May 2020, writer George Will wrote in favor of Raimondo being chosen as Biden's running mate in the 2020 election. Gina Raimondo was born on May 17, 1971, in Rhode Island. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. 2021 is $ 300 million outcome could also have ramifications for ms. Raimondos political ambitions also presided the... Some of her Island and she has been a champion for Women throughout his in. Campaign on the East side of Providence she receives $ 100,000 in extra remuneration, including one involving a company... Is active in social works as well as removed a lot of regulations and economic threat! Tudor Jones II, served as co-chair of Michael Bloomberg 's 2020 presidential candidate presided over the most aggressive of. Cabinet position, run for the U.S. House Ways and Means Committee woman. & # x27 ; s net worth. `` Senate Committee on Commerce, Gina has a Doctor... And won a second term in 2018 Doctor of Philosophy in Sociology reportedly. Be failures or disappointments along the way, he said Andrew Kind Moffit, in Providence Much Commerce,. 1 million and $ 5 million dollars ; Gina Raimondo & # x27 ; s net worth..! Incoming Biden Administration worth as of 2022, Raimondo prioritized reforming Rhode Island is McKee. She became the Governor of South Bend, Indiana and a 2020 election! Reportedly made over $ 800,000 on her firm 's payouts to support their work monitoring '' all... 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