Elaine Chao Father Net Worth (Updated 2026).

Elaine Chao’s father, James S.C. Chao, began his career in the shipping industry in the early 1950s, after graduating from the U.S. Merchant Marine Academy. He started as a deck officer on a cargo ship, working his way up through the ranks, eventually becoming a captain.

James Chao’s reputation for integrity and hard work led him to found his own shipping company, Foremost Maritime Corporation, in 1964. Over the years, he expanded the company’s fleet and routes, making it a significant player in the global shipping industry. His success brought him fame, and he was recognized with numerous awards, including the U.S. Coast Guard’s Meritorious Public Service Award in 1983.

Elaine Chao’s Father’s Current Net Worth (2025)

As of 2025, Elaine Chao’s father, James S.C. Chao, has an estimated net worth of $1.1 billion, according to Forbes. He amassed this fortune through his shipping business, Foremost Group.

Career

James Chao began his career in the 1950s as a shipping clerk in Hong Kong. He founded Foremost Group in 1964, which grew to become one of the world’s largest privately-owned shipping companies. He served as the company’s chairman until 2018.

Other Ventures

Besides Foremost Group, James Chao has also invested in real estate and other businesses. He is a co-founder of the Chao Family Foundation, which supports education, healthcare, and cultural exchange programs between the U.S. and China.

Assets

James Chao’s assets include a significant stake in Foremost Group, as well as properties in Hong Kong, the U.S., and other countries. He also owns a collection of art and antiques, including a rare jade seal that is considered a national treasure in China.

Annual Income

While James Chao’s exact annual income is not publicly disclosed, as the former chairman of Foremost Group, he would have earned a substantial salary. Additionally, he continues to receive income from his investments and other business ventures.

Frequently Asked Questions about  Elaine Chao Father

**Frequently Asked Questions: Elaine Chao Father**

1. Who is Elaine Chao’s father?

Elaine Chao’s father is James Chao, a Chinese-American shipping magnate.

2. What is James Chao’s net worth?

As of the latest estimates, James Chao’s net worth is approximately $1.5 billion.

3. How did James Chao make his fortune?

James Chao founded Foremost Group, a shipping and transportation conglomerate, in 1964. He built the company into one of the largest privately-owned shipping businesses in the world.

4. Where was James Chao born?

James Chao was born in Shanghai, China, in 1929.

5. When did James Chao immigrate to the United States?

James Chao immigrated to the United States in 1961.

6. Did James Chao serve in the U.S. military?

Yes, James Chao served in the U.S. Navy during the Korean War.

7. What is Elaine Chao’s relationship with her father like?

Elaine Chao has spoken publicly about her close relationship with her father. She has cited him as a major influence in her life and career.

8. Did James Chao influence Elaine Chao’s political career?

While James Chao has been politically active, there’s no evidence to suggest that he directly influenced Elaine Chao’s political career. Elaine Chao has stated that her interest in politics was sparked by her experiences growing up in a family that was involved in the shipping industry and dealing with government regulations.

9. What is Elaine Chao’s role in Foremost Group?

Elaine Chao has not been involved in the day-to-day operations of Foremost Group. She has stated that she chose to pursue a career in politics rather than joining the family business.

10. What is James Chao’s political affiliation?

James Chao is a registered Republican and has been a significant donor to the Republican Party.