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| alma_mater = [[Harvard University]] ([[Bachelor of Arts|BA]], [[Master of Business Administration|MBA]])
| alma_mater = [[Harvard University]] ([[Bachelor of Arts|BA]], [[Master of Business Administration|MBA]])
| occupation = Businesswoman
| occupation = Businesswoman
| spouse = {{marriage|[[Bruce Wasserstein]]|2009|2009|end=died}}<br>{{marriage|[[Jim Breyer]]|2012}}
| spouse = {{plainlist|
* {{marriage|[[Bruce Wasserstein]]|2009|2009|end=died}}
* {{marriage|[[Jim Breyer]]|2012}}
}}
| children = 1
| children = 1
| parents = [[James S. C. Chao]]<br>[[Ruth Mulan Chu Chao]]
| parents = [[James S. C. Chao]]<br>[[Ruth Mulan Chu Chao]]
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}}
}}


'''Angela Chao''' (March 4, 1973 – February 11, 2024<ref>{{Cite news | date=March 11, 2024 | title=Angela Chao, shipping industry exec, died on Texas ranch after her car went into a pond, report says | url=https://abcnews.go.com/US/wireStory/angela-chao-shipping-industry-exec-died-texas-ranch-108032178 | access-date=12 March 2024}}</ref>) was an American businesswoman who was CEO of the [[Foremost Group]].
'''Angela Chao''' (March 4, 1973 – February 11, 2024)<ref>{{Cite news | date=March 11, 2024 | title=Angela Chao, shipping industry exec, died on Texas ranch after her car went into a pond, report says | url=https://abcnews.go.com/US/wireStory/angela-chao-shipping-industry-exec-died-texas-ranch-108032178 | access-date=12 March 2024}}</ref> was an American [[billionaire]] businesswoman who was CEO of the [[Foremost Group]].


==Early life and education==
==Early life and education==
Of [[Chinese Americans|Chinese American]] heritage, Chao was born in [[Syosset, New York|Syosset]], [[New York (state)|New York]], and grew up in [[Harrison, New York|Harrison]], New York.<ref name=":0" /> Her father was [[James S. C. Chao]], who founded Foremost Group in 1964.<ref name="isidore">{{Cite news|url=https://www.cnn.com/2024/02/14/business/angela-chao-obituary/index.html|title=Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash|first=Chris|last=Isidore|date=February 14, 2024 |publisher=CNN Business|access-date=February 15, 2024|archive-date=February 15, 2024|archive-url=https://web.archive.org/web/20240215020115/https://www.cnn.com/2024/02/14/business/angela-chao-obituary/index.html|url-status=live}}</ref> Her mother was [[Ruth Mulan Chu Chao]].<ref name="MomObit">[https://archive.nytimes.com/query.nytimes.com/gst/fullpage-9C0DE1D8133AF93BA3575BC0A9619C8B63.html Paid Notice: Deaths: Chao, Ruth Mulan Chu], ''The New York Times'', August 8, 2007|</ref> She was the youngest of six sisters, one of whom is [[Elaine Chao]].<ref>{{cite web|url=https://abcnews.go.com/US/wireStory/angela-chao-shipping-business-ceo-mitch-mcconnells-sister-107277340 |title=Angela Chao, shipping business CEO and Mitch McConnell's sister-in-law, dies in Texas|agency= AP |via=[[ABC News]]|date=February 15, 2024}}</ref> Her parents were born in mainland China, but fled to Taiwan in 1949 due to the [[Chinese Civil War]]. Her father came to the United States in 1958, while her mother and three oldest sisters moved to the United States in 1961.<ref name=":0" /><ref name="MomObit" /><ref>[https://www.theforemostfoundation.org/mrs-ruth-mulan-chu-chao/ Mrs Ruth Mulan Chu Chao], The Foremost Foundation.</ref> At the age of nine, Chao began joining her father on ship visits.<ref name="isidore" /><ref>{{Cite news |last=Martin |first=Eric |date=May 24, 2018 |title=Angela Chao is putting family values Foremost |url=https://www.tradewindsnews.com/twplus/angela-chao-is-putting-family-values-foremost/2-1-335664 |access-date=February 15, 2024 |work=[[TradeWinds]] |language=en |archive-date=February 15, 2024 |archive-url=https://web.archive.org/web/20240215023806/https://www.tradewindsnews.com/twplus/angela-chao-is-putting-family-values-foremost/2-1-335664 |url-status=live }}</ref>
Of [[Chinese Americans|Chinese American]] heritage, Chao was born in [[Syosset, New York]], and grew up in [[Harrison, New York]].<ref name=":0" /> Her father was [[James S. C. Chao]], who founded Foremost Group in 1964.<ref name="isidore">{{Cite news|url=https://www.cnn.com/2024/02/14/business/angela-chao-obituary/index.html|title=Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash|first=Chris|last=Isidore|date=February 14, 2024 |publisher=CNN Business|access-date=February 15, 2024|archive-date=February 15, 2024|archive-url=https://web.archive.org/web/20240215020115/https://www.cnn.com/2024/02/14/business/angela-chao-obituary/index.html|url-status=live}}</ref> Her mother was [[Ruth Mulan Chu Chao]].<ref name="MomObit">[https://archive.nytimes.com/query.nytimes.com/gst/fullpage-9C0DE1D8133AF93BA3575BC0A9619C8B63.html Paid Notice: Deaths: Chao, Ruth Mulan Chu], ''The New York Times'', August 8, 2007|</ref> She was the youngest of six sisters, one of whom is [[Elaine Chao]], former US Secretary of Transportation.<ref>{{cite web|url=https://abcnews.go.com/US/wireStory/angela-chao-shipping-business-ceo-mitch-mcconnells-sister-107277340 |title=Angela Chao, shipping business CEO and Mitch McConnell's sister-in-law, dies in Texas|agency= AP |via=[[ABC News (United States)|ABC News]]|date=February 15, 2024}}</ref> Her parents were born in mainland China, but fled to Taiwan in 1949 due to the [[Chinese Civil War]]. Her father came to the United States in 1958, while her mother and three oldest sisters moved to the United States in 1961.<ref name=":0" /><ref name="MomObit" /><ref>[https://www.theforemostfoundation.org/mrs-ruth-mulan-chu-chao/ Mrs Ruth Mulan Chu Chao], The Foremost Foundation.</ref> At the age of nine, Chao began joining her father on ship visits.<ref name="isidore" /><ref>{{Cite news |last=Martin |first=Eric |date=May 24, 2018 |title=Angela Chao is putting family values Foremost |url=https://www.tradewindsnews.com/twplus/angela-chao-is-putting-family-values-foremost/2-1-335664 |access-date=February 15, 2024 |work=[[TradeWinds]] |language=en |archive-date=February 15, 2024 |archive-url=https://web.archive.org/web/20240215023806/https://www.tradewindsnews.com/twplus/angela-chao-is-putting-family-values-foremost/2-1-335664 |url-status=live }}</ref>


Chao went to [[Harvard University|Harvard]] for her undergraduate degree, which she completed in three years, graduating [[magna cum laude]] with a degree in economics in 1994.<ref name=":0" /><ref name="Panicked Final Call" /> She went on to receive her MBA from [[Harvard Business School]].<ref name="isidore" />
Chao went to [[Harvard University|Harvard]] for her undergraduate degree, which she completed in three years, graduating ''[[magna cum laude]]'' with a degree in economics in 1994.<ref name=":0" /><ref name="Panicked Final Call" /> She went on to receive her MBA from [[Harvard Business School]].<ref name="isidore" />


==Career==
==Career==
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==Personal life==
==Personal life==
Chao married [[Bruce Wasserstein]] in January 2009<ref>{{Cite magazine |last=Cohan |first=William D. |date=March 29, 2010 |title=Bruce Wasserstein's Last Surprise |url=https://www.vanityfair.com/news/2010/05/wasserstein-201005 |access-date=February 16, 2024 |magazine=Vanity Fair|language=en-US |archive-date=April 8, 2023 |archive-url=https://web.archive.org/web/20230408165334/https://www.vanityfair.com/news/2010/05/wasserstein-201005 |url-status=live }}</ref> shortly before his death in October 2009. She married [[Jim Breyer]] in 2012.<ref name=":0" /> A resident of [[Austin, Texas|Austin]], [[Texas]], her son with Breyer was three years old at the time of her death.<ref name=":0" /><ref name="isidore" /> Chao and her husband had moved to the Austin area during the [[COVID-19 pandemic]], buying a mansion in [[downtown Austin]] and a ranch in [[Johnson City, Texas|Johnson City]]. They had previously split their time between [[New York City]] and [[San Francisco]], but before their son was born, they decided to raise him in Austin.<ref name="Panicked Final Call">{{Cite news |last1=Findell |first1=Elizabeth|first2=Valerie|last2=Bauerlein|first3=Tawnell D.|last3=Hobbs|first4=Cara|last4=Lombardo|title=A Mistake in a Tesla and a Panicked Final Call: The Death of Angela Chao |url=https://www.wsj.com/real-estate/angela-chao-death-texas-tesla-safety-c435daa0?mod=mhp |access-date=2024-03-12 |work=WSJ |language=en-US}}</ref>
Chao married [[Bruce Wasserstein]] in January 2009,<ref>{{Cite magazine |last=Cohan |first=William D. |date=March 29, 2010 |title=Bruce Wasserstein's Last Surprise |url=https://www.vanityfair.com/news/2010/05/wasserstein-201005 |access-date=February 16, 2024 |magazine=Vanity Fair|language=en-US |archive-date=April 8, 2023 |archive-url=https://web.archive.org/web/20230408165334/https://www.vanityfair.com/news/2010/05/wasserstein-201005 |url-status=live }}</ref> before his death in October of that year. She married [[Jim Breyer]] in 2012;<ref name=":0" /> the couple had a son three years prior to her death.<ref name=":0" /><ref name="isidore" /> Chao and Breyer had moved to the Austin area during the [[COVID-19 pandemic]]. They bought a mansion in [[downtown Austin]] and a ranch in [[Johnson City, Texas|Johnson City]]. They had previously split their time between New York City and San Francisco, but before their son was born, they decided to raise him in Austin.<ref name="Panicked Final Call">{{Cite news |last1=Findell |first1=Elizabeth|first2=Valerie|last2=Bauerlein|first3=Tawnell D.|last3=Hobbs|first4=Cara|last4=Lombardo|title=A Mistake in a Tesla and a Panicked Final Call: The Death of Angela Chao |url=https://www.wsj.com/real-estate/angela-chao-death-texas-tesla-safety-c435daa0?mod=mhp |access-date=2024-03-12 |work=WSJ |language=en-US}}</ref>


===Death ===
===Death ===
On February 11, 2024, Chao was in [[Blanco County, Texas]] celebrating the [[Lunar New Year]] at her private ranch in Johnson City. As her guests began going home, she got into her [[Tesla Model X]] and accidentally backed into a pond. The car began sinking. Unable to open her door or to break the glass, the car filled with water. Chao was on the phone for eight minutes as the car sank, telling her friend she was going to die. Onlookers called 911 and attempted to help. Blanco County emergency personnel arrived and tried to enter the car. A deputy broke the driver’s door window and went underwater where he found Chao and dragged her to shore. [[Emergency medical services|EMS]] workers were unable to revive her. A March 2024 police investigation concluded that Chao's [[blood alcohol content|blood alcohol level]] was above the legal limit, and that her death was the result of an accident.<ref name="Panicked Final Call" /><ref>{{cite web |last=Rogers |first=Chase |date=February 24, 2024 |title=Austin CEO Angela Chao submerged in vehicle over an hour as rescuers worked to save her |url=https://www.statesman.com/story/news/state/2024/02/24/foremost-ceo-angela-chao-submerged-rescue-attempt-blanco-county-ems-chief/72719294007/ |website=Austin American-Statesman}}</ref><ref name=":0">{{Cite news |last1=Bradsher |first1=Keith |last2=Forsythe |first2=Michael |date=February 14, 2024 |title=Angela Chao, C.E.O. of Family's Big Shipping Company, Dies at 50 |url=https://www.nytimes.com/2024/02/14/business/angela-chao-dead.html |url-status=live |archive-url=https://web.archive.org/web/20240216111258/https://www.nytimes.com/2024/02/14/business/angela-chao-dead.html |archive-date=February 16, 2024 |access-date=February 15, 2024 |work=[[The New York Times]]}}</ref><ref name="Weber">{{cite web |url=https://www.yahoo.com/news/angela-chao-mitch-mcconnell-sister-230107768.html |title=Angela Chao, Mitch McConnell’s sister-in-law, was drunk when she drove into pond, police say |work=[[Associated Press]] |first=Christopher |last=Weber |date=March 20, 2024 |access-date=2024-03-20}}</ref><ref>{{cite web |url=https://www.nytimes.com/2024/03/20/us/angela-chao-car-crash.html |title=Angela Chao Was Intoxicated When She Died in Car Wreck, Police Report Shows |work=[[The New York Times]] |first=Michael |last=Levenson |date=March 20, 2024 |access-date=2024-03-20}}</ref>
On the evening of February 10, 2024, Chao was celebrating the [[Lunar New Year]] with friends at her Johnson City ranch.<ref name = Levenson>{{cite web |url=https://www.nytimes.com/2024/03/20/us/angela-chao-car-crash.html |title=Angela Chao Was Intoxicated When She Died in Car Wreck, Police Report Shows|archive-url=https://web.archive.org/web/20240802175046/https://www.nytimes.com/2024/03/20/us/angela-chao-car-crash.html|url-status=live|archive-date=2024-08-02 |work=[[The New York Times]] |first=Michael |last=Levenson |date=March 20, 2024 |access-date=2024-03-20}}</ref> As her guests began going home, she got into her [[Tesla Model X]] and accidentally backed into a pond. The car began sinking, and Chao was unable to open her door or break the glass as the car filled with water. Chao was on the phone for eight minutes as the car sank, from around 11:42 to 11:50&nbsp;p.m., telling her friend she was going to die.<ref name = Levenson/> Onlookers called 911 and attempted to help. [[Blanco County, Texas|Blanco County]] emergency personnel arrived around midnight and tried to enter the car.<ref name = Levenson/> A deputy broke the driver's door window and went underwater where he found Chao and dragged her to shore. [[Emergency medical services|EMS]] workers were unable to revive her, and she was pronounced dead at 1:40&nbsp;a.m. on February 11; she was 50 years old.<ref name = Levenson/> A March 2024 police investigation concluded that Chao's [[blood alcohol content|blood alcohol level]] ("BAC") was nearly 3 times the legal limit and that her death was the result of an accident.<ref name = Levenson/><ref name="Panicked Final Call" /><ref>{{cite web |last=Rogers |first=Chase |date=February 24, 2024 |title=Austin CEO Angela Chao submerged in vehicle over an hour as rescuers worked to save her |url=https://www.statesman.com/story/news/state/2024/02/24/foremost-ceo-angela-chao-submerged-rescue-attempt-blanco-county-ems-chief/72719294007/ |website=Austin American-Statesman}}</ref><ref name=":0">{{Cite news |last1=Bradsher |first1=Keith |last2=Forsythe |first2=Michael |date=February 14, 2024 |title=Angela Chao, C.E.O. of Family's Big Shipping Company, Dies at 50 |url=https://www.nytimes.com/2024/02/14/business/angela-chao-dead.html |url-status=live |archive-url=https://web.archive.org/web/20240216111258/https://www.nytimes.com/2024/02/14/business/angela-chao-dead.html |archive-date=February 16, 2024 |access-date=February 15, 2024 |work=[[The New York Times]]}}</ref><ref name="Weber">{{cite web |url=https://www.yahoo.com/news/angela-chao-mitch-mcconnell-sister-230107768.html |title=Angela Chao, Mitch McConnell's sister-in-law, was drunk when she drove into pond, police say |agency=[[Associated Press]] |first=Christopher |last=Weber |date=March 20, 2024 |access-date=2024-03-20}}</ref>


==References==
==References==

Latest revision as of 18:34, 6 October 2024

Angela Chao
BornMarch 4, 1973
Syosset, New York, U.S.
DiedFebruary 11, 2024(2024-02-11) (aged 50)
Johnson City, Texas, U.S.
Alma materHarvard University (BA, MBA)
OccupationBusinesswoman
Spouses
​
​
(m. 2009; died 2009)​
​
(m. 2012)​
Children1
Parent(s)James S. C. Chao
Ruth Mulan Chu Chao
RelativesElaine Chao (sister);
Mitch McConnell (brother-in-law)

Angela Chao (March 4, 1973 – February 11, 2024)[1] was an American billionaire businesswoman who was CEO of the Foremost Group.

Early life and education

[edit]

Of Chinese American heritage, Chao was born in Syosset, New York, and grew up in Harrison, New York.[2] Her father was James S. C. Chao, who founded Foremost Group in 1964.[3] Her mother was Ruth Mulan Chu Chao.[4] She was the youngest of six sisters, one of whom is Elaine Chao, former US Secretary of Transportation.[5] Her parents were born in mainland China, but fled to Taiwan in 1949 due to the Chinese Civil War. Her father came to the United States in 1958, while her mother and three oldest sisters moved to the United States in 1961.[2][4][6] At the age of nine, Chao began joining her father on ship visits.[3][7]

Chao went to Harvard for her undergraduate degree, which she completed in three years, graduating magna cum laude with a degree in economics in 1994.[2][8] She went on to receive her MBA from Harvard Business School.[3]

Career

[edit]

Chao worked in mergers and acquisitions at Smith Barney, now a part of Morgan Stanley. She joined their family business Foremost Group in 1996,[2] where she succeeded her father as CEO in 2018.[3] Foremost Group operates a global fleet of bulk carriers. As CEO, she became interested in adding more environmentally sustainable vessels that can burn alternative fuels to the company's roster.[2]

At one point in her career, she was a member of the board of the Bank of China, a vice chair of the Council of China's Foreign Trade and a director of the China State Shipbuilding Corporation, a Chinese government-owned enterprise that makes ships for the Chinese military, Foremost Group and other customers.[2][9] She was a member of the Council on Foreign Relations.[10] Chao was a founding member of The Asian American Foundation and the co-chair of its education committee.[2]

Personal life

[edit]

Chao married Bruce Wasserstein in January 2009,[11] before his death in October of that year. She married Jim Breyer in 2012;[2] the couple had a son three years prior to her death.[2][3] Chao and Breyer had moved to the Austin area during the COVID-19 pandemic. They bought a mansion in downtown Austin and a ranch in Johnson City. They had previously split their time between New York City and San Francisco, but before their son was born, they decided to raise him in Austin.[8]

Death

[edit]

On the evening of February 10, 2024, Chao was celebrating the Lunar New Year with friends at her Johnson City ranch.[12] As her guests began going home, she got into her Tesla Model X and accidentally backed into a pond. The car began sinking, and Chao was unable to open her door or break the glass as the car filled with water. Chao was on the phone for eight minutes as the car sank, from around 11:42 to 11:50 p.m., telling her friend she was going to die.[12] Onlookers called 911 and attempted to help. Blanco County emergency personnel arrived around midnight and tried to enter the car.[12] A deputy broke the driver's door window and went underwater where he found Chao and dragged her to shore. EMS workers were unable to revive her, and she was pronounced dead at 1:40 a.m. on February 11; she was 50 years old.[12] A March 2024 police investigation concluded that Chao's blood alcohol level ("BAC") was nearly 3 times the legal limit and that her death was the result of an accident.[12][8][13][2][14]

References

[edit]
  1. ^ "Angela Chao, shipping industry exec, died on Texas ranch after her car went into a pond, report says". March 11, 2024. Retrieved March 12, 2024.
  2. ^ a b c d e f g h i j Bradsher, Keith; Forsythe, Michael (February 14, 2024). "Angela Chao, C.E.O. of Family's Big Shipping Company, Dies at 50". The New York Times. Archived from the original on February 16, 2024. Retrieved February 15, 2024.
  3. ^ a b c d e Isidore, Chris (February 14, 2024). "Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash". CNN Business. Archived from the original on February 15, 2024. Retrieved February 15, 2024.
  4. ^ a b Paid Notice: Deaths: Chao, Ruth Mulan Chu, The New York Times, August 8, 2007|
  5. ^ "Angela Chao, shipping business CEO and Mitch McConnell's sister-in-law, dies in Texas". AP. February 15, 2024 – via ABC News.
  6. ^ Mrs Ruth Mulan Chu Chao, The Foremost Foundation.
  7. ^ Martin, Eric (May 24, 2018). "Angela Chao is putting family values Foremost". TradeWinds. Archived from the original on February 15, 2024. Retrieved February 15, 2024.
  8. ^ a b c Findell, Elizabeth; Bauerlein, Valerie; Hobbs, Tawnell D.; Lombardo, Cara. "A Mistake in a Tesla and a Panicked Final Call: The Death of Angela Chao". WSJ. Retrieved March 12, 2024.
  9. ^ Mangan, Dan (February 16, 2024). "Foremost Group CEO Angela Chao died after car went into Texas pond, sheriff says". CNBC. Archived from the original on February 16, 2024. Retrieved February 16, 2024.
  10. ^ Hawkins, Lori (February 17, 2024). "Austinite Angela Chao, who died in a car crash, led an impressive professional career". Austin American-Statesman.
  11. ^ Cohan, William D. (March 29, 2010). "Bruce Wasserstein's Last Surprise". Vanity Fair. Archived from the original on April 8, 2023. Retrieved February 16, 2024.
  12. ^ a b c d e Levenson, Michael (March 20, 2024). "Angela Chao Was Intoxicated When She Died in Car Wreck, Police Report Shows". The New York Times. Archived from the original on August 2, 2024. Retrieved March 20, 2024.
  13. ^ Rogers, Chase (February 24, 2024). "Austin CEO Angela Chao submerged in vehicle over an hour as rescuers worked to save her". Austin American-Statesman.
  14. ^ Weber, Christopher (March 20, 2024). "Angela Chao, Mitch McConnell's sister-in-law, was drunk when she drove into pond, police say". Associated Press. Retrieved March 20, 2024.
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