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# Dorothy Jenkins

Random fact: Is a member of the board of trustees of Wellesley College.

Overview

Dorothy Jenkins is the oldest child of Ting Tsung "T.T." Chao, co-founder of Westlake Chemical, the largest producer of low density polyethylene in North America. The Houston-based company generated profit of $679 million on revenue of $4.4 billion in fiscal 2014. Her and two brothers control more than 69 percent of Westlake stock. She has served on Westlake's board of directors since 2003.

As of April 23, 2018:
Last change ()
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Industry Commodities
Biggest asset N/A
Citizenship United States
Age 67
Wealth Inherited
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Relative Value

Dorothy Jenkins's net worth of can buy ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

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Net Worth Summary

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Biography

Birthdate:
Family: Married, 2 children
Education: Bachelor's Degree, Mathematics, Wellesley College

Father Ting Tsung "T.T." Chao was born in Suzhou, China, in 1921. The son of an American Tobacco Co. worker, he learned to speak English and Japanese in addition to his native tongue, skills that later helped him build business alliances with major chemical conglomerates.

In 1946 his family moved to Taiwan and within a decade T.T. had started the country's first PVC plant. That plant was the foundation of China General Plastics Group, the first of three publicly traded chemical companies he would form before his death in 2008.

After each of his children attended college in the U.S., T.T. and his wife Wei Fong moved their family to the U.S. In 1986, T.T. and his family formed two plastics makers, Titan Chemicals in Malaysia and Westlake Chemical in Houston, Texas.

T.T. and then son James led Titan with Albert serving on the board of directors until it was sold for $1.2 billion in 2010 to Honam Petrochemical. By then Titan was one of the largest plastics company in Asia after the 2006 acquisition of Pt. Peni, Indonesia's largest plastics manufacturer.

Over the same period the family built Westlake Chemical through almost two dozen acquisitions of U.S. and Canada-based plastics plants and pipelines. Albert served as the company's first president, taking on the title of CEO in 2004. James served as vice chairman until T.T.'s death and now is chairman. Dorothy Chao Jenkins sits on the board of directors and serves on three committees.

She lives in Florida with her husband, Charles Jenkins Jr., the chairman of Publix Supermarkets. They have two children, Jennifer and Anthony.

Milestones
  • 1921 Ting Tsung "T.T." Chao is born in Suzhou China.
  • 1945 Dorothy Chao is born to T.T. and Wei Fong Chao.
  • 1946 T.T. and his family move to Taiwan during China's civil war.
  • 1947 James Yuan Chao is born to T.T. and Wei Fong Chao.
  • 1949 Albert Yuan Chao is born to T.T. and Wei Fong Chao.
  • 1954 T.T. starts China General Plastics Group in Taiwan.
  • 1986 Westlake started with purchase of Lake Charles, Louisiana PVC plant.
  • 1986 Chao family starts Titan Chemical with Malaysian government.
  • 1992 Westlake founds Suzhou China plastics plant with Norsk Hydro.
  • 2004 Westlake Chemical holds initial public offering at $14.50 a share.
  • 2005 Titan Chemical goes public on Malaysian stock exchange.
  • 2011 Titan Chemical sold to Honam Petrochemicals for $1.2 billion.
  • 2012 Westlake makes unsolicited $1.2 billion offer for Georgia Gulf Corp.
  • 2012 Westlake withdraws takeover offer for Georgia Gulf.
  • 2014 Subsidary Westlake Chemical Partners holds its initial public offering.