Elaine Marshall | $10B+

Get in Touch with Elaine Marshall | Elaine Marshall is an American billionaire and board member of Koch Industries. She inherited her wealth through her late husband, E. Pierce Marshall, and has significant stakes in one of the largest privately held companies in the world. She is known for her low-profile yet influential role in the business world.

Elaine Folk Marshall (born November 18, 1945) is an American attorney and politician who has served as the North Carolina Secretary of State since 1997. A member of the Democratic Party, she is the first woman to be elected to statewide office in North Carolina. Marshall was also the unsuccessful Democratic nominee for the United States Senate seat then held by Republican Richard Burr[1] in the 2010 election.[2] In 2020, Marshall was re-elected to a seventh term as North Carolina Secretary of State.[3] In 2024, she was reelected to an eighth term winning with 51 percent of the vote.[4] Elaine Marshall Marshall in 2018 23rd Secretary of State of North Carolina Incumbent Assumed office January 3, 1997 Governor Jim Hunt Mike Easley Bev Perdue Pat McCrory Roy Cooper Josh Stein Preceded byJanice Faulkner Member of the North Carolina Senate from the 15th district In office January 1, 1993 – January 1, 1995 Preceded byLeo Daughtry Succeeded byDaniel Page Personal details BornNovember 18, 1945 (age 79) Lineboro, Maryland, U.S. Political partyDemocratic EducationUniversity of Maryland, College Park (BS) Campbell University (JD) WebsiteCampaign website Contents Early life, education, and career edit Marshall was born on November 18, 1945, in Lineboro, Maryland.[5] Her father was a farmer who, for many years, served as a volunteer fire fighter and community leader, and her mother was the organist in the family's small rural church for more than 60 years. She attended public schools as a child and became the first person in her family to graduate college. She studied textiles at the University of Maryland from 1964 to 1968, earning a Bachelor of Science degree in Textiles and Clothing.[5] While at Maryland, she became a member of Alpha Gamma Delta. During her undergraduate years, she spent her summers working as a camping director for the Maryland 4-H Foundation, an organization she has continued to support.[6] After graduation, Marshall taught in the public schools of Lenoir County, North Carolina, and then ran a book and gift store. She later returned to the field of education as an instructor at Lenoir Community College and Johnston Technical Community College.[6][7] Marshall returned to school to study law at the Norman Adrian Wiggins School of Law at Campbell University and earned her Juris Doctor degree in 1981,[5] where she was accepted into the Who's Who Among American Universities and Colleges honors program. She has been admitted to practice before all North Carolina courts, the U.S. District courts in the Eastern and Middle Districts of North Carolina, the U.S. Fourth Circuit Court of Appeals, and the United States Supreme Court. She is a member of the NC State Bar, the NC Bar Association, the NC Association of Women Attorneys, and the Delta Theta Phi legal fraternity. She also holds multiple honorary degrees from Campbell University, Meredith College, Lees–McRae College and Testemitanu State University.[6][8] She was a partner in Lillington, North Carolina law firms Bain & Marshall (1985–1992) and Marshall & Marshall (1993–1997).[6][7] Political career edit From the early 1970s, she was active in the Young Democrats organization and eventually became National Secretary of the Young Democrats of America. In Harnett County, where she practiced law, Marshall served in 1983–1987 as President of Democratic Women and in 1991–1992 served as chair of the Harnett County Democratic Party.[6] State senator edit Marshall was first elected to public office in 1992 as a member of the North Carolina Senate representing the 15th Senate District, serving from 1993 to 1995.[9][7] Secretary of State edit Marshall in 2021 In 1996, she ran for the post of North Carolina Secretary of State against Republican challenger and former stock car racer Richard Petty. She won the election by a margin of 53% to 45%,[10] becoming the first woman elected to a statewide executive office in North Carolina history.[11][8] Marshall has won re-election six times and in 2008 received the second highest vote total of any candidate in the state.[12][13] Elaine Marshall is only the third elected Secretary of State of North Carolina since 1936, as office-holders have commonly been re-elected many times. Marshall has been credited with bringing the office into the technological age by introducing e-commerce and providing online registration for lobbyists and businesses. Marshall's work has been recognized by the U.S. Chamber of Commerce, the National Notary Association and Campbell University. In 2007, Marshall served as president of the National Electronic Commerce Coordinating Council, "an organization of public and private sector leaders aimed at identifying best technology practices that make government agencies more efficient and modernize their services".[14] U.S. Senate campaigns edit 2002 edit Main article: 2002 United States Senate election in North Carolina In 2002, Marshall ran for United States Senate in the race to replace retiring Sen. Jesse Helms. However, she was defeated in the Democratic primary by Erskine Bowles, who served as White House Chief of Staff under President Bill Clinton.[5][15] 2010 edit Main article: 2010 United States Senate election in North Carolina In 2009, Marshall decided to enter the 2010 Senate race against incumbent Republican Richard Burr.[16] She faced Cal Cunningham, Ken Lewis, and other lesser-known candidates in the May 2010 primary, and won the endorsement of The Charlotte Observer.[17] After failing to garner above 40% of the vote in the May 4 primary election, Marshall had to face Cunningham in a runoff in June.[18] On June 22, 2010, Marshall defeated Cunningham (with approximately 60 percent of the vote) to secure the Democratic nomination.[19] For the general election, she was again endorsed by The Charlotte Observer, the state's largest newspaper.[20] On election day Marshall lost to incumbent Richard Burr, who had received 55% of the vote.[2] Personal life edit Marshall has five stepchildren and seven grandchildren.[21] She is Methodist.[22] Marshall married attorney Bill Holdford in 2001. Holdford had two daughters from a previous relationship. He died in 2009 from cancer.[23][24] Marshall married J. Thomas "Tommy" Bunn in 2017 which they remained married until his death in 2023.[25] Electoral history edit North Carolina Secretary of State Election, 1996 PartyCandidateVotes% DemocraticElaine Marshall1,333,99453.48 RepublicanRichard Petty1,126,70145.17 LibertarianLewis Guignard20,7340.83 Natural LawStephen Richter12,8960.52 North Carolina Secretary of State Election, 2000 PartyCandidateVotes% DemocraticElaine Marshall (inc.)1,512,07654.44 RepublicanHarris Durham Blake1,265,65445.56 North Carolina U.S. Senate Democratic Primary Election, 2002 PartyCandidateVotes% DemocraticErskine Bowles277,32943.40 DemocraticDan Blue184,21628.83 DemocraticElaine Marshall97,39215.24 DemocraticCynthia Brown27,7994.35 DemocraticAlbert Lee Wiley Jr.12,7251.99 DemocraticBob Ayers12,3261.93 DemocraticDavid Tidwell10,5101.64 DemocraticDuke Underwood9,9401.56 DemocraticRandy Crow6,7881.06 North Carolina Secretary of State Democratic Primary Election, 2004 PartyCandidateVotes% DemocraticElaine Marshall (inc.)327,84880.59 DemocraticDoris Sanders78,95319.41 North Carolina Secretary of State Election, 2004 PartyCandidateVotes% DemocraticElaine Marshall (inc.)1,911,58557.32 RepublicanJay Rao1,423,10942.68 North Carolina Secretary of State Election, 2008 PartyCandidateVotes% DemocraticElaine Marshall (inc.)2,316,90356.79 RepublicanJack Sawyer1,762,92843.21 North Carolina U.S. Senate Democratic Primary Election, 2010 PartyCandidateVotes% DemocraticElaine Marshall154,60536.35 DemocraticCal Cunningham115,85127.24 DemocraticKen Lewis72,51017.05 DemocraticMarcus Williams35,9848.46 DemocraticSusan Harris29,7386.99 DemocraticAnn Worthy16,6553.92 North Carolina U.S. Senate Democratic Primary Runoff Election, 2010 PartyCandidateVotes% DemocraticElaine Marshall95,39059.96 DemocraticCal Cunningham63,69140.04 North Carolina U.S. Senate Election, 2010 PartyCandidateVotes% RepublicanRichard Burr (inc.)1,458,04654.81 DemocraticElaine Marshall1,145,07443.05 LibertarianMichael Beitler55,6872.09 Write-insWrite-ins1,2720.05 North Carolina Secretary of State Election, 2012 PartyCandidateVotes% DemocraticElaine Marshall (inc.)2,331,17353.79 RepublicanEd Goodwin2,003,02646.21 North Carolina Secretary of State Election, 2016[26] PartyCandidateVotes% DemocraticElaine Marshall (inc.)2,368,09152.26 RepublicanMichael LaPaglia2,163,18547.74 North Carolina Secretary of State Election, 2020[3] PartyCandidateVotes% DemocraticElaine Marshall (inc.)2,755,57151.16 RepublicanE.C. Sykes2,630,55948.84 North Carolina Secretary of State Election, 2024[27] PartyCandidateVotes% DemocraticElaine Marshall (inc.)2,837,99451.04 RepublicanChad Brown2,722,79448.96

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