Jacques Saade’s profile picture

Jacques Saade

Jacques Saade’s profile picture
Net worth 2018: $7 Billion
Industry: Logistics
Residence: Marseille, France
Country: France
BirthDay: 1937
Children: 3
Education: Bachelor of Arts / Science, American University Beirut Lebanon; Master of Business Administration, London School of Economics
BIOGRAPHY

Jacques Saade was bornon 1937 in Marseille, France, France. Jacques Saade is #243 in List Billionaires People In The World. Lebanese-born Frenchman Jacques Saade runs the world's third largest shipping company. He founded container transporters CMA in Marseille, France, in 1978, and acquired logistics giant CGM in 1996. Saade merged the two in 1999 and now owns nearly 75% of CMA CGM, with Turkish investment group Yildirim holding virtually all of the rest. In September 2016, the CMA CGM completed its largest acquisition yet, taking control of NOL (Neptune Orient Lines), a Singaporean container shipping firm known for its APL brand. The combined company has 12% market share and operates nearly 540 vessels serving 420 commercial ports. CMA CGM has entered into a 10-year alliance with three other shipping companies, expected to launch in 2017, that will operate more than 300 ships. Saade's three children also work for the company.

NET WORTH STATISTIC
2014

$1.3 Billion

2015

$1.2 Billion

2016

$1.7 Billion

2017

$1.9 Billion

2018

$7 Billion

TIMELINE
2017

In 2017, Jacques Saadé apoints Rodolphe Saadé Chief Executive Officer of the CMA CGM Group

2015

The French President met Jacques Saadé again in 2015 for the inauguration of the CMA CGM Bougainville in Port of Le Havre

2013

In June 2013, and for the first time since 1962, it was the President of the French Republic, François Hollande, welcomed by Jacques Saadé, who inaugurated the CMA CGM Jules Verne, flagship of the CMA CGM fleet at the time

2011

In its 11 July 2011 edition, the British daily, a reference in the shipping industry, highlighted the fact that “with the support of a solid family network, Jacques R

2010

In 2010, CMA CGM signed an agreement with the family-run industrial Turkish group YILDIRIM

2009

At the height of the crisis in 2009, the shipping industry was badly affected

2007

These vessels, combined with various other actions, allowed the group to reduce by 50% its carbon emissions per shipped container per km on its owned fleet between 2007 and 2015, confirming an objective set in 2007

2006

In 2006, Saadé concludes the acquisition of DELMAS and the CMA CGM Group becomes the third largest shipping Group in the world

1998

Two years later in 1998 came acquisition by CMA of the National Australian Line ANL and in the following year 1999 merger of CMA and CGM and creation of the CMA CGM Group

1996

 In 1996 Jacques Saadé acquired CGM (Compagnie Générale Maritime) following privatization

1992

He later traveled to China himself in 1992 to open the first regional office in Shanghai, entrusting the management of the company's development in Asia to John Wang, a professor at the Shanghai Maritime University

1986

In 1986, after noticing that volumes from Asia were constantly on the rise, he decided to extend CMA's shipping lines to Asia (including Japan)

1983

In 1983, Saadé made the decision to cross the Suez Canal and extended the company lines to Mina-Qaboos in the Gulf of Oman

1978

”The 1978 War in Lebanon prompted him to move to Marseille

1957

He graduated from the London School of Economics in 1957 and took over the family business after the death of his father

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