J ames Si-Cheng Chao is an American merchant mariner, business leader, and philanthropist who founded the Foremost Group, a New York-based shipping, trading, and finance enterprise. Born in a small farming village in Shanghai, China, he studied navigation and became one of the youngest sea captains of his time. He immigrated to the United States in 1958, starting from humble beginnings before establishing Foremost Maritime Corporation in 1964. The company grew into a globally respected shipping fleet, known for its environmentally friendly and technologically advanced vessels.
Dr. Chao is the patriarch of a prominent Chinese-American family; his eldest daughter is Elaine Chao, the former U.S. Secretary of Transportation. Throughout his career, he has been a bridge-builder between East and West, recognized for his contributions to the maritime industry and international relations. He is also a dedicated philanthropist, having established the Mulan Education Foundation in honor of his late wife, Ruth Mulan Chu Chao, which provides scholarships to students in the U.S. and China. His life story is often cited as a classic example of the American Dream.
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James Chao is an American businessman, the former Chairman of Westlake Corporation (NYSE: WLK), a major producer of low-density polyethylene used for food packaging and building products. His father, T.T. Chao, founded Westlake in 1986 after moving the family from Taiwan to the U.S..
James and his brother Albert are credited with helping launch the company. The family unit, including James, Albert, and sister Dorothy Chao Jenkins, is estimated to own nearly 25% of Westlake each.
James Chao's career is defined by his long-term executive and board leadership at Westlake. He served as Chairman from 2004 to July 2024, guiding the company through massive global expansion. The company specializes in manufacturing low-density polyethylene (used for food packaging) and other essential materials.
His structural contribution lies in scaling the company into one of North America's largest producers in its field. He has transitioned to Senior Chairman, while his brother Albert became Executive Chairman. The family's wealth remains tied to their collective holdings in the publicly traded firm, with the next generation actively involved on the board.
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Father T.T. Chao founds Westlake.
Served as Chairman of Westlake.
Becomes Senior Chairman.
Remains a key family shareholder alongside his brother Albert and sister Dorothy Chao Jenkins.
James Chao's wealth is concentrated in his and his family's significant ownership of the publicly traded chemicals and building products giant, Westlake Corporation.
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