BillionaireNet
family
Dorothy Chao Jenkins & family
Rank #1407
UNITED STATESManufacturingChemicals, building products

Dorothy Chao Jenkins & family

Net Worth
$2.846B
+0.89% (24h)
Dorothy Chao Jenkins, a prominent figure in the Chemicals, building products industry, and the family behind Westlake Corporation, has an estimated net worth of $2.6 billion as of 2024. As a director of Westlake Corporation, she played a key role in the family's business. The Chao family, originating from China, built a significant enterprise over decades. Her contributions to the success of Westlake and her commitment to philanthropy have solidified her place among the leading business figures in Houston.

The Full Dossier

Early Life

Dorothy Chao Jenkins, along with her siblings James and Albert, grew up in a family that would become synonymous with the petrochemical industry. Their parents, Ting Tsung (T.T.) Chao and Wei Fong, established a PVC business in Taiwan in the 1940s, laying the groundwork for the family's future success.

Rise to Success

The Chao family's move to Houston in the 1980s marked a pivotal moment. In 1986, T.T. Chao, along with his children, founded Westlake Chemical Corporation. Dorothy, along with her siblings, took leadership roles. Under their guidance, Westlake expanded through acquisitions and facility growth, becoming one of the largest companies in the U.S. by revenue.

Key Business Strategies

Westlake's success is rooted in strategic acquisitions and consistent expansion. The Chao family maintained a significant ownership stake, ensuring long-term commitment and control. This ownership structure allowed for strategic decisions and investments that drove growth. Westlake's focus on expansion, along with its family leadership, was key to its continued success.

Philanthropy

Dorothy Chao Jenkins has been involved in various philanthropic endeavors, but specific amounts were not found in the search results. However, the Chao family is known for their contributions, including a gift to Rice University, which named a residential college in their honor. Further details regarding specific donations are not available.

Career Timeline

2023

Retired from Board

Retired from Westlake's board.

2003

Director

Became a member of the Board of Directors of Westlake Chemical Corporation.

1986

Co-founder

Co-founded Westlake Chemical Corporation with her family.

Philanthropic Impact

Education$XB

Rice University Gift

Gift supporting Rice University's 12th residential college.

Wealth Trajectory