Angela Chao at a Glance
What Was Angela Chao’s Net Worth? A Look at Her Life, Career, and Legacy
Introduction: Remembering Angela Chao
Angela Chao, a prominent figure in the business world and a symbol of success, left an indelible mark on international trade and philanthropy. Her untimely death on February 11, 2024, at the age of 50, sent shockwaves through the business community. This article delves into the life and accomplishments of Angela Chao, exploring her significant contributions, family background, and lasting legacy.
Early Life and Family: The Chao Dynasty
Born into a family of considerable influence, Angela Chao was the daughter of James S.C. Chao and Ruth Mulan Chu Chao. Her father, James, is the founder of the Foremost Group, a global shipping and transportation company, which would later become a significant part of Angela’s career. Angela was also the sister of Elaine Chao, who served as the U.S. Secretary of Transportation under President Donald Trump and the U.S. Secretary of Labor under President George W. Bush. Through Elaine’s marriage to Senator Mitch McConnell, Angela was also connected to the world of U.S. politics.
The Chao family’s journey from Taiwan to the United States is a testament to their ambition and perseverance. James Chao’s entrepreneurial spirit and vision laid the foundation for the Foremost Group’s success, which Angela would later build upon. The family’s close-knit relationships and shared values played a crucial role in their collective achievements.
Leading Foremost Group: A Business Titan
Angela Chao took over as Chairman and CEO of Foremost Group in 2008, following in her father’s footsteps. Foremost Group, founded in 1964, is a significant player in the international shipping industry, specializing in the transportation of dry bulk cargo. Under Angela’s leadership, the company continued to thrive, expanding its global footprint and maintaining a reputation for excellence.
Key highlights of Angela Chao’s tenure at Foremost Group include:
- Strategic Vision: Chao spearheaded the company’s strategic initiatives, ensuring its adaptability to the ever-changing market dynamics.
- Global Expansion: She oversaw the company’s expansion into new markets, solidifying its position as a global leader.
- Innovation: Chao invested in innovative technologies to improve the efficiency and sustainability of the shipping operations.
Her leadership style was characterized by a deep understanding of the shipping industry, a commitment to excellence, and a strong focus on building lasting relationships with partners and clients. Headquartered in New York City, Foremost Group’s success reflects Angela Chao’s business acumen and dedication.
Philanthropic Endeavors and Board Memberships
Beyond her business achievements, Angela Chao was deeply involved in various philanthropic and educational initiatives. She served on the boards of numerous organizations, using her influence and resources to support important causes.
Her board memberships included:
- Bank of China
- Harvard Business School’s Dean’s Advisors
- American Bureau of Shipping Council
- International Maritime Business Department Advisory Board of Massachusetts Maritime Academy
- The Metropolitan Museum of Art
- The Metropolitan Opera
Angela Chao also served as the President of the Foremost Foundation, demonstrating her commitment to giving back to the community and supporting educational opportunities. Her involvement in these organizations reflected her desire to make a positive impact on society and contribute to the betterment of the world.

(Photo by Adriel Reboh/Patrick McMullan via Getty Images)
Personal Life and Relationships
Angela Chao’s personal life was marked by significant relationships and milestones. She was married to Jim Breyer, a billionaire venture capitalist and the founder of Breyer Capital. Breyer’s Accel Partners was an early investor in Facebook, among other notable investments. Before her marriage to Breyer, Chao was briefly married to Bruce Wasserstein, a financier. Her relationships reflect her connection to prominent figures in the business and financial worlds.
Angela Chao earned her MBA from Harvard University, demonstrating her commitment to education and intellectual development. Her personal life and professional achievements were intertwined, reflecting her dedication to both personal growth and professional success.
Death and Legacy: A Life Remembered
Angela Chao’s sudden and tragic death was a profound loss for her family, friends, and the business community. At the time of her death, her estimated net worth was $100 million, a testament to her successful career and business acumen. Her legacy extends beyond her financial achievements; she is remembered for her leadership, philanthropy, and commitment to excellence.
Her contributions to the Foremost Group and her involvement in numerous organizations will continue to inspire future generations. The impact of her work will be felt for years to come. Angela Chao’s story serves as a reminder of the importance of hard work, dedication, and giving back to the community.
Conclusion
Angela Chao’s life was a remarkable journey of success, leadership, and service. From her family’s entrepreneurial spirit to her own achievements in the business world, she left an enduring legacy. Her contributions to Foremost Group, her philanthropic endeavors, and her commitment to excellence will continue to inspire and motivate. Angela Chao’s memory will live on through the impact she made on the world.