Norbert Dentressangle’s profile picture

Norbert Dentressangle

Norbert Dentressangle’s profile picture
Net worth 2018: $1.24 Billion
Industry: Logistics
Residence: Lyon, France
Country: France
BIOGRAPHY

Norbert Dentressangle was born in Lyon, France, France. Norbert Dentressangle is #1781 in List Billionaires People In The World. Norbert Dentressangle sold his eponymous transportation and logistics company to XPO Logistics for $3.53 billion in June 2015. He founded Norbert Dentressangle SA in 1979 and through acquisitions grew into one of the largest European firms in the industry. By 2015, it had $5.5 billion in revenues and more than 43,000 employees in 25 countries. Now he focuses on real estate, industrial ventures and other investments through his family-owned holding company, Dentressangle Initiatives. In December 2016, he stepped down from his role as vice chairman of the board of AXA, a French insurance and asset management firm, to focus on managing the investment firm. The low-profile billionaire lives with his family in Lyons, France.

NET WORTH STATISTIC
2016

$1.1 Billion

2017

$1.1 Billion

2018

$1.24 Billion

TIMELINE
Norbert Dentressangle (French pronunciation: ​[nɔʁbɛʁ dɑ̃tʁɛsɑ̃ɡl]) is a major European transport, logistics and freight forwarder. It was founded in 1979, initially concentrating on cross-channel transport between France and the United Kingdom.In 2007, Norbert Dentressangle doubled its size and significantly strengthened its position in Europe with the acquisition of Christian Salvesen, and in March 2011 it bought the British company TDG. The company reported proforma revenues of €3.8 billion for 2012.In July 2014, Norbert Dentressangle announced that it would be acquiring Jacobson Companies, a United States-based 3PL, for $750 million. Jacobson Companies was then the third largest 3PL in the world.Norbert Dentressangle operates from 500 sites in 20 European countries and employs 33,000 people.On 28 April 2015, the US group XPO Logistics announced a $3.56 billion (3.24 billion euros) deal to acquire Norbert Dentressangle, including acquired debt. The acquisition was completed on 8 June 2015,
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