Angela Chao Death – Angela Chao, the CEO of Foremost Group and a co-chair of the Advisory Council of The Asian American Foundation (TAAF), passed away in a fatal car accident in Austin, Texas.All who knew her will hold deep feelings of loss and fond memories as they remember her. Let’s find out what happened to Angela Chao. Learn about her cause of death, obituary, and funeral plans.
Who was Angela Chao?
Angela Chao was a well-respected and admired leader in the business, philanthropic, and Asian American communities. She was the youngest daughter of Dr. James S.C. Chao and the late Ruth Mulan Chu Chao, both immigrants from China and prominent figures in the maritime industry.
Recently, Angela Chao suddenly died on February 10, 2024, at the age of 48, in a tragic car accident that occurred in Austin, Texas. Upon Angela’s death, her family members, friends, and colleagues mourned.
Angela Chao joined Foremost Group, a global shipping and trading company founded by her father, in 2001 and became its CEO in 2018. Under her leadership, Foremost Group expanded its fleet, diversified its services, and implemented innovative technologies and environmental practices. She was also a board member of the Bank of China and the Harvard Business School Board of Dean’s Advisors.
Angela Chao was a passionate and generous philanthropist who supported various causes. Especially those related to education, health, and the Asian American and Pacific Islander (AAPI) community.
Angela was a co-founder and trustee of the Ruth Mulan Chu Chao Foundation. The foundation provides scholarships and programs for students and faculty at Harvard University and other institutions. She was also a co-chair of the Advisory Council of TAAF, a newly launched organization that aims to empower and uplift the AAPI community in the United States.
Her husband, Bruce Wasserstein, her father, her six siblings, and numerous other relatives and friends survive Angela Chao. All who knew her will deeply miss and fondly remember her.
What is Foremost Group
Foremost Group, established in 1964 by Dr. James S.C. Chao, stands as a global shipping and trading powerhouse specializing in dry bulk cargo transportation. Dr. Chao, a Chinese immigrant and former merchant marine, founded the company, which now operates a fleet of modern, eco-friendly vessels.
The company’s focus includes transporting commodities like iron ore, coal, grain, and cement. Headquartered in New York City, Foremost Group has expanded its influence with offices in key locations such as Hong Kong, Shanghai, and Singapore.
The Asian American Foundation (TAAF)
Founded in May 2023, The Asian American Foundation (TAAF) actively dedicates itself to addressing challenges and opportunities for the AAPI community in the United States. TAAF’s mission revolves around unifying and amplifying the voices of the AAPI community, investing in AAPI organizations and leaders, and mobilizing AAPI voters and allies.
A distinguished board of directors, including influential AAPI leaders from various sectors, governs the organization, alongside an advisory council that includes prominent figures from different fields. Notably, TAAF’s groundbreaking initial funding of $250 million represents the largest-ever commitment to the AAPI community by philanthropy.
Angela Chao Cause of Death
On February 10, 2024, Angela Chao met an untimely demise in a devastating car accident. During her visit to Austin, Texas for a business meeting.
The police report indicates that a speeding truck, running a red light at an intersection. Struck her vehicle, resulting in a fatal impact. Angela was declared dead at the scene.
Obituary and Funeral Plans
Angela Chao’s obituary and funeral plans will released by the family at a later date.