Angela Chao was a businesswoman, she was the Chair and CEO of Foremost Group, an American shipping company headquartered in New York. She was also known for her philanthropic endeavors and involvement in various organizations.
Age- 50 years
Born- 24 December 1982
Spouse-Bruce Wasserstein (m. 2009–2009), Jim Breyer
Cause of death
Angela Chao was the esteemed leader of Foremost Group, the shipping company established by her father, has tragically passed away in a car accident at the age of 50. Foremost Group, based in New York and known for its bulk carriers, confirmed her untimely death, mourning the loss of its CEO and chairperson.
“Angela Chao was a formidable executive and shipping industry leader, as well as a proud and loving daughter, sister, aunt, wife and mother,” the company said.
James, originally from China and a former sea captain who established what was then Foremost Maritime in New York back in 1964, expressed profound sorrow and grief in a separate statement from the family as he announced his daughter’s passing.
“Losing her at such a young age is something we never even imagined, and our entire family is devastated with grief,” he said.
Her father is Dr. James S.C. Chao, but her mother’s name is not disclosed. She has siblings Grace Chao, May Chao, Jeanette Chao, Christine Chao, and Elaine Chao.
Before tying the knot with Jim Breyer, Angela Chao was previously married to Bruce Wasserstein.
Angela earned her M.B.A. from Harvard Business School and completed her undergraduate studies in economics at Harvard College, graduating magna cum laude in just three years.
Angela was a prominent speaker across the United States, Europe, and Asia and holds various leadership roles. She co-chairs The Asian American Foundation’s Advisory Council and serves on several prestigious boards, including Harvard Business School’s Board of Dean’s Advisors, The American Bureau of Shipping Council, and The Metropolitan Opera. Additionally, she is involved with The Ruth Mulan Chu Chao Foundation, Massachusetts Maritime Academy’s International Maritime Business Department Advisory Board, and many others.
She had led the company for six years, after taking the helm from founder James Chao in 2018.
Angela was a member of the Council on Foreign Relations and plays an active role in organizations like the Chiao-Tung University Alumni Association in America and the National Committee on US-China Relations’ Young Leaders Forum. Previously, she served on the boards of various institutions, including the Bank of China and the Museum of Modern Art PS1.
Fluent in Mandarin Chinese, Angela is engaged in philanthropic activities, particularly with the Chao family foundations and The Foremost Foundation. She is a passionate supporter of the arts, especially opera, and currently resides in Austin, Texas.
At the time of her passing, Angela Chao’s net worth was estimated at $100 million.