RedCarpetLife
1223
In the world today
James Chao

James Chao

J. Chao
-0.59% | - $-20.56M
$3.46 B ₹ 31,483 Cr
Real Time Net Worth #1223 Ranking as of 21 Feb 2026 By Forbes

More on James Chao

Gender

Male

Age

98Y

Country

United States

Born On

December, 1927

Deceased

No

Relationship Status

Widowed

Children

6

Education

St. John'S University - Master Of Business Administration

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Shipping)

Primary Organization

Foremost Group

Titles

Founder & Honorary Chairman

Sources of Wealth

Chemicals, Building Products

Industry

Manufacturing

About James Chao


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.

Quick Reads:

  • Founder and Honorary Chairman of the Foremost Group.
  • Immigrated to the U.S. from Taiwan in 1958.
  • Founded his shipping company in New York in 1964.
  • Father of former U.S. Secretary of Transportation Elaine Chao.
  • Philanthropist focused on education through the Mulan Foundation.

Advertisement

Quick Reads


  • Founder and Honorary Chairman of the Foremost Group.
  • Immigrated to the U.S. from Taiwan in 1958.
  • Founded his shipping company in New York in 1964.
  • Father of former U.S. Secretary of Transportation Elaine Chao.
  • Philanthropist focused on education through the Mulan Foundation.

Early Life and Background


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.

  • Core Company: Westlake Corporation (NYSE: WLK), a major producer of chemicals and building products.
  • Family Ownership: Estimated to own nearly 25% of Westlake.
  • Prior Role: Served as Chairman from 2004 until July 2024.

Career Journey of James Chao


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.

Advertisement

James Chao's Timeline


1986:

Father T.T. Chao founds Westlake.

2004–2024 (July):

Served as Chairman of Westlake.

2024 (July):

Becomes Senior Chairman.

Ongoing:

Remains a key family shareholder alongside his brother Albert and sister Dorothy Chao Jenkins.

Major Business Ventures and Investments


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.

  • Westlake Corporation (NYSE: WLK): Former Chairman and major family owner.
  • Core Products: Low-density polyethylene and other vinyl and building products.
  • Family Succession: His daughter Catherine Chao and son David Chao sit on Westlake's board.

Advertisement

Philanthropy and Social Impact


Fashion, Style, and Lifestyle


Advertisement

Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the former Chairman of Westlake Corporation, a major chemical and building products producer.
  • The family unit is estimated to own nearly 25% of Westlake each.
  • He and his brother Albert helped launch the company, founded by their father.
  • His daughter and son sit on Westlake's board.

Advertisement

More Profiles


James Leininger

0% | $0.00M

Kommer Damen

+1.29% | +$51.15M

You May Like


Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

Sponsored Content