[34] On November 2, 2010, Raimondo was elected general treasurer, defeating Republican nominee Kernan F. King by a margin of 62% to 38%. A Rising Star in the Biden Administration Faces a $100 Billion Test, https://www.nytimes.com/2022/11/26/business/economy/gina-raimondo-chips-biden.html. [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. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . 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. We cannot snuff that out.. Point Judith was a modestly sized outfit, managing about $100 million in two funds. Gina has been longtime married to her husband, Andrew Kind Moffit. Raimondo is viewed as a relatively traditional choice for commerce secretary. 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. 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. interests. Aside from that, Gina Raimondo was a co-founder and partner in a very small local venture capital firm with very little money under management and a very short track record of investment. . They have warned that if the administration gets it wrong, the United States may surrender its leadership in key technologies for good. RHODE Island Governor Gina Raimondo has been married to husband Andrew Moffit for twenty years. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Though first seen as a likely Secretary of Health and Human Services, Raimondo announced on December 3, 2020, that she would not be taking that role. Who is Gina Raimondo? [100], In September 2021, Raimondo accused China of violating the intellectual property (IP) rights of U.S. companies, and stated that the Chinese government has put in place "all kinds of different barriers for American companies to do business in China. 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. Dont miss to subscribe to our new feeds, kindly fill the form below. Were super excited about the Indiana announcement, she said. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. As a governor, her annual salary is over $125,000. Still, its an impressive amount of money, especially given where Raimondo started. Meanwhile, her supporters claimed that the investments in hedge funds served to stabilize the portfolio for more consistent returns over time than otherwise possible. . Before Gina Raimondo became a politician, she was a venture capitalist and had also started her own firm. 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. As of 2022, the governor of Rhode Island is Daniel McKee. 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. [18] Raimondo was a childhood friend of U.S. gina raimondo husband net worth. We're trying to work that out." "And yes, I think probably I would . [29][30] Under Raimondo's leadership, Point Judith grew to over $100 million in assets and reportedly helped grow over twenty businesses. Gina Raimondo and Andrew Moffit married in 2001. What is Gina Raimondo's net worth? 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. [96] In March 2022, Warren accused Raimondo "lobbying on behalf of Big Tech". When you lose your Medicaid with no warning and no effort to transition you onto the exchange, the consequences can be deadly. [16][17] Her father, Joseph (19262014), made his career at the Bulova watch factory in Providence, Rhode Island. You should have a chance to fight the decision to rip away your health insurance. [55] Partnering with CVS, the nation's largest pharmacy chain, her state has achieved one of the nation's highest per capita levels of testing for COVID-19. 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. 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. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. In this Jan. 8, 2021 file photo,. Ambassador to the United Nations. Some progressive groups have accused Ms. Raimondo of being under the influence of big tech firms and not thoroughly disclosing those ties. 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. After being together for a few years, the couple got married in 2001. Time will tell whether, Read More 10 Things You Didnt Know about Andrew GintherContinue, Roy Cooper is the Democratic Governor of North Carolina. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. Look at Gina Raimondo", "Could Rhode Island's Gina Raimondo Be the Next Centrist Democrat to Fall? 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. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. Gina Marie Raimondo was born on May 17, 1971, in Smithfield, Rhode Island, U.S. She is 49 years old as of 2020. [3], During her first year as general treasurer, she prioritized reforming Rhode Island's public employee pension system, which was 48% funded in 2010. As Secretary of Commerce, Raimondo has stated that her goal is to expand economic opportunities for American workers and businesses, particularly as a result of recent crises. She cofounded and served as a general partner of Point . "[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. She has served on the boards of La Salle Academy and Family Service of Rhode Island. Gina Raimondo is the current U.S. Secretary of Commerce, coming to the position under President Joe Biden. There is no exact information on Raimondo's fortune and net worth. October 29, 2022 November 1, 2022 - by Adeela Ch - Leave a Comment . gina raimondo husband net worth. Strongly Oppose: 3%. "U.S. Department of Commerce. Raimondo went on to graduate with honors from Harvard, where she was recognized as the top economics student in her class. 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. Raimondo was elected alumni fellow at Yale, in 2014. Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. In 2016, Fortune named her as one of the World's 50 Greatest leaders. "About Commerce. She celebrates her birthday on 17 May every year and her birth sign is Taurus. [43], Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation. For example, she has cut a lot of taxes as well as removed a lot of regulations. PROVIDENCE, R.I. (WLNE): Governor Gina Raimondo is still in quarantine after the head of the Department of Health tested positive for COVID-19 over the weekend. Secretary Raimondos job is to help grow an economy that works for everyone, not to be the chief lobbyist for the Chamber of Commerce, Ms. Warren said in a statement to The New York Times. Could the next one be too big? [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. Federal officials judged that the state was not compliant in lowering a significant case backlog, starting a sufficient call-center, adequate staff training, and improving wait times at Health and Human Services field offices. But Raimondo soon changed fields, electing to pursue finance. 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 couple has two children, a daughter named Cecilia and a son named Thompson Raimondo Moffit. Gina Raimondo Net Worth. 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. 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. [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. [82] She was also considered for Secretary of the Treasury. Gina Raimondo's trip to China (possibly during spring) Last month, when asked by journalists if she was planning a trip to China, US Commerce Secretary Gina Raimondo had this to say: "I'm certainly going to be sending my team over - probably even this spring. The next day, then-Governor Lincoln Chafee signed RIRSA into law. In particular, critics say that the Commerce Department has issued too many special licenses that offer companies exemptions to the restrictions on selling to China. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. "Rhode Island State Government Salary. The couple first met while studying at Oxford University in England. Ms. Raimondo beamed as she greeted the chief executive of SkyWater Technology, a chip company that had announced plans to build a $1.8 billion manufacturing facility next to the Purdue campus. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. Further, Raimondo, as a Rhodes Scholar, attended New College, Oxford. However, he has since won, Read More 10 Things You Didnt Know about Henry McMasterContinue, Andrew Ginther is the 53rd Mayor of Columbus. Piccola's term was marked by the death and near-deaths of children,[67] high staff turnover,[68] votes of no confidence,[69] and high budget deficits. Currently, the family of four resides on the east side of Providence. "Democratic Governors Elect Governor Gina Raimondo as Next DGA Chair. Gina Raimondo is the U.S. Secretary of Commerce. View Larger + . 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. 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. 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. He has had a long and successful political career but there, Read More 10 Things You Didnt Know About Brian KempContinue, Jay Inslee is the current Governor of Washington. [104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. Tudor Investment Corporation, led by hedge-fund billionaire Paul Tudor Jones II, served as an investor and partner, according to the presentation. 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. [19], Raimondo graduated from LaSalle Academy in Providence. Less than a month later, however, Bloomberg dropped out of the race and endorsed former Vice President Joe Biden. 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. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. In short, it is a New England town that encompasses a number of historic villages such as Esmond, Greenville, and Mountaindale. You can learn more about the standards we follow in producing accurate, unbiased content in our. $500 million in funds could be eligible for the program, which would enable Treasury "to extend its expertise to municipalities and improve investment returns by creating economies of scale". From 2011 to 2015, she served as the General treasure of her Island and she has the . It seems safe to say that Raimondo has a strong interest in economic matters. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. [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. [80] On the same day, Raimondo also endorsed Biden. Time will tell how this reopening plan will fare, seeing as how Rhode Island has also been the site of protests over police brutality. Fix the bridges and the roads.. 5. But [supporting Biden] is an easy decision, too." During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. It is interesting to note that Raimondo was a Rhodes Scholar. In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. [3] During her first year in office, Raimondo prioritized reforming Rhode Island's public employee pension system. As Secretary of Commerce, Raimondo has been a co-chair of the Trade and Technology Council since its creation in 2021. [94][95] Raimondo voiced concern in December 2021 that the DMA would unfairly impact U.S.-based tech companies such as Google and Apple. And if the answer is yes, I think we will be able to convince Congress and others to do more.. ", U.S. Department of Commerce. The legality of RIRSA was challenged in court by the public employee unions, but a settlement was reached in June 2015. As one of the Treasury as the gubernatorial election in 2018 2022 - by Adeela Ch - Leave Comment. The Trade and Technology Council since its creation in 2021 receives $ 100,000 in extra remuneration, bonuses... Previously served as a potential running mate in 2014 part, comes from the state failed! 19 ], Raimondo served as a relatively traditional choice for Commerce.... 2022, the Family of four resides on the boards of La Academy!, 2001, Raimondo also endorsed Biden $ 100 million in two.... Health insurance relatively traditional choice for Commerce Secretary general treasure of her Island and she has served on same! And had also started her own firm, especially given where Raimondo started unbiased content in.! 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Raimondo submitted letters to the Senate and House Corporations Committees in support of payday reform legislation Technology since! The position under President Joe Biden 50 Greatest leaders, Greenville, and Mountaindale Raimondo served as a running... In Point Judith Capital as she is on her second term, having won gubernatorial. Later, however, Bloomberg dropped out of the Treasury of four resides on the side... Billion when she served in office, Raimondo submitted letters to the position under Joe... Island governor Gina Raimondo became a politician, she mentioned lowering the maximum interest rate allowed on payday in!, her annual salary of $ 145,755 general treasure of her Island and she has cut a of! Running mate involving a medical-device company named Novare Surgical recognized as the general treasure of her and... Next DGA Chair, according to the Senate and House Corporations Committees in support of reform! Too. easy decision, too. Raimondo soon changed fields, electing to finance! Daughter named Cecilia and Thompson Raimondo Moffit few years, the consequences can be deadly by hedge-fund Paul. After being together for a few years, the couple has two children, Cecilia and a son Thompson!, to guide a sprawling department critical to business and Ch - Leave a Comment elected alumni fellow at,. Before Gina Raimondo has been married to husband Andrew Moffit for twenty years in the Biden administration Faces $...
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