Gina has been longtime married to her husband, Andrew Kind Moffit. [36] The Rhode Island Retirement Security Act (RIRSA) was enacted by the General Assembly on November 17, 2012, with bipartisan support in both chambers. Gina Raimondo Biography, Career, Age, Height, Family, Wife, and Net Worth. Updated: Jan 21, 2021 / 12:30 PM EST. Still, its an impressive amount of money, especially given where Raimondo started. Gina Raimondo is an American venture capitalist and a politician. In total, Raimondo has four degrees. We also reference original research from other reputable publishers where appropriate. Senior editor at Forbes, covering Donald Trump's business. Their marriage ceremony took place at the Roman Catholic Cathedral in Rhode Island. So, how much is Gina Raimondo worth at the age of 50 years old? [93], According to Axios, "Raimondo has become the [tech] industry's key advocate within the Biden administration" during her tenure. He became unemployed at 56 when the Bulova company decamped operations to China, shuttering the factory in Providence. In 2007, Rhode Island current governor and former state treasurer, Gina Raimondo was a co-founder and partner in a very small local venture capital firm with very little money under. She received a Master of Arts and Doctor of Philosophy in Sociology. Rhode Island Gov. Jennifer Granholm is the Secretary of Energy. Raimondo. As has been previously reported, Janet Yellen is staying at Treasury and Gina Raimondo is staying at Commerce, Ms. Legacki wrote in an email. Call me if you need anything.. "[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. In an interview, Ms. Raimondo said that the claim was just not true and that exemptions were based on technical specifications, not political considerations. 1:38. 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. In 2019, she reportedly made over $800,000 on her firm's payouts. Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. Gov. 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. Americans want to make money and feel like they can make money., She added: American entrepreneurship is the envy of the world. "U.S. Department of Commerce. During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. CreditJared Soares for The New York Times. Her net worth has been growing significantly in 2020-2021. [74] The federal report noted that DCYF services were "inadequate, not developed when needed, or lacked consistent monitoring". 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. Third, she has a Juris Doctor that was earned from the Yale Law School. We pulled all the plugs to make sure this was a failure. Ms. Raimondo beamed as she greeted. Raimondos partners largely focused on telecom and internet opportunities, while she chased healthcare companies. 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. Gina is the youngest of three children born to parents, Josephine (mother) and Joseph Raimondo (father). Tudor Investment Corporation, led by hedge-fund billionaire Paul Tudor Jones II, served as an investor and partner, according to the presentation. [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. While the scale of the task is daunting, it so far has not fazed Ms. Raimondo. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. Raimondo stayed in that job for about three years, before deciding to return home to Rhode Island to start her own shop. . "[79] As campaign co-chair, Raimondo would have "provided advice and attended events". During her time in office, Governor Raimondo has kick-started the state's economy and created thousands of jobs. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. 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. [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". Dont miss to subscribe to our new feeds, kindly fill the form below. PROVIDENCE, R.I. (WPRI) Gov. Her grandfather arrived in the U.S. from Italy at the age of 14 and taught himself English in a public library. Ambassador to the United Nations. 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. . ", U.S. Department of Commerce. Since 2015, the department's intensive reforms have resulted in a 43% reduction in the number of youth placed in congregate care and a 39% reduction in the number of youth placed in out-of-state congregate care. [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. [70] Rep. Patricia Serpa and Rep. Charlene Lima called for Piccola's resignation, which finally occurred in July 2019. So far, he has managed to win not one but two elections for said position, with the second time being an uncontested victory. In February, her department moved swiftly with allies to clamp down on technology shipments to Russia following its invasion of Ukraine. Gina Raimondo Net Worth The estimated net worth of Gina Marie is around $5 million. She also co-founded her own venture capital firm, Point Judith Capital. [76] Aucoin has served in an interim director capacity twice before when DCYF was without a permanent director. This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of $600 million and $2 billion, respectively. After all, she has made a lot of changes in this regard ever since she became the Governor of Rhode Island. Before running for public office, Raimondo was a founding employee at investment firm Village Ventures, which was backed by Bain Capital. On top of that, Raimondo is the Chair of the Democratic Governors Association. 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. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. 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. 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. Likewise, Moffit worked as an associate for a management consulting firm, McKinsey & Company, in New York. U.S. Department of Commerce. Before becoming a politician, Raimondo worked at venture firms. On the orders of Raimondo, the UHIP launch occurred as planned despite these federal warnings. 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. Her current term ends on January 20, 2025. RHODE Island Governor Gina Raimondo has been married to husband Andrew Moffit for twenty years. The auditor's report found that [the contract with Deloitte] was poorly written, poorly overseen and poorly executed. In 2016, Fortune named her as one of the World's 50 Greatest leaders. Her father worked in manufacturing for decades, at a time when Rhode Island was known for its jewelry production. [56] However, Raimondo's approvals saw a significant rise during the COVID-19 pandemic. [94] Raimondo has faced criticism from some progressives for her opposition to the European Commission's Digital Markets Act (DMA) proposal. Updated: 01/07/2021 01:56 PM EST. Also learn detailed information about Current Net worth as well as Gina Raimondo's earnings, Worth, Salary, Property, and Income. Source: nytimes It was a volunteer position, so the partner doesnt seem to have made any money from the appointment, but it still raised eyebrows in the state. What is Gina Raimondo's net worth? Until 2011, she was an administrator of Women and Infants Hospital and chair of its Quality Committee. You can learn more about the standards we follow in producing accurate, unbiased content in our. 5. She assumed office on March 3, 2021. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of. As Secretary of Commerce, Raimondo has been a co-chair of the Trade and Technology Council since its creation in 2021. As the General Treasurer of Rhode Island, Raimondo pushed for payday lending reform as well. October 29, 2022 November 1, 2022 - by Adeela Ch - Leave a Comment . As a governor, her annual salary is over $125,000. 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. The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. . ", Politico. As a subscriber, you have 10 gift articles to give each month. Currently, the family of four resides on the east side of Providence. 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". Raimondo promised to recuse herself from matters involving her old firm. 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. Time will tell whether, Read More 10 Things You Didnt Know about Andrew GintherContinue, Roy Cooper is the Democratic Governor of North Carolina. . 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. Here are ten, Read More 10 Things You Didnt Know About David IgeContinue, Henry McMaster is the Governor of South Carolina. Gina's net worth as of 2022 is $300 million. Gina Raimondo-Net Worth, Bio, Family, Facts 2022. She went to Harvard, then Oxford as a Rhodes Scholar, then Yale Law School. Like Gina, Nikki Haley is the first female governor of South Carolina. Gina Raimondo is the 40th U.S. Secretary of Commerce, chosen by President Biden. She also led the Democratic Governors Association from 2018 to 2019. U.S. Secretary of Commerce, Gina Raimondo, has a net worth of approximately $10 million. Caitlin Legacki, a spokeswoman for the Commerce Department, dismissed speculation about Ms. Raimondos next moves as wheel spinning.. Upon graduation, Raimondo spent some time as a law clerk for a federal judge in the U.S. District Court for the Southern District of New York. 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. The State of Rhode Island invested $5 million in one of Raimondo's funds around 2006. Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate. Point Judith was a modestly sized outfit, managing about $100 million in two funds. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Gina Raimondo is an American politician who is the first woman to serve as governor of Rhode Island since 2015. 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. [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. He is a member of the Republican Party who assumed office in 2019. "Here's How Much Commerce Secretary Gina Raimondo Is Worth.". Identities Podcasts People Ai. Senator Jack Reed. 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. 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