BillionaireNet
family
Gary Chouest & family
Rank #1947
UNITED STATESLogisticsShipping

Gary Chouest & family

Net Worth
$1.994B
0% (24h)
Gary Chouest is the owner and president of Edison Chouest Offshore, a major player in the marine transportation industry. His estimated net worth of $2.0 billion stems from his leadership and strategic vision in the shipping industry. Chouest's career began with the family business, founded by his father, Edison Chouest, in 1960. His achievements include growing Edison Chouest Offshore into a global leader with a diverse fleet of over 200 vessels, servicing the oil & gas and wind power industries.

The Full Dossier

Early Life

Gary Chouest was born in July 1944. He is the son of Edison Chouest, who founded Edison Chouest Boat Rentals in 1960 in Galliano, Louisiana. The family has a long history in the maritime industry.

Rise to Success

Gary Chouest joined the family business and rose through the ranks. He took over the leadership of Edison Chouest Offshore, transforming it into a global company with a vast fleet. The company expanded its services beyond oil and gas to include support for the wind power industry, subsea construction, and other marine operations.

Key Business Strategies

Chouest's leadership has been marked by strategic investments in new technologies and a focus on providing comprehensive marine solutions. This has enabled the company to support deepwater operations in the U.S. Gulf and expand globally. Chouest is known for building its own specialized vessels, ensuring quality and meeting the specific needs of its clients. The company's expansion includes shipyards, ports, and various marine services.

Philanthropy

The Chouest family also engages in philanthropic activities, including the Chouest Foundation Inc., which supports local emergency services, the performing arts, and educational programs. They have also established the Edison Chouest Offshore Employee Relief Fund to assist employees and their families during times of need.

Career Timeline

Present

President of Edison Chouest Offshore

Gary Chouest leads Edison Chouest Offshore, a global marine transportation company.

1974

North American Shipbuilding Founded

The shipyard was founded to build vessels for Chouest affiliated companies.

1960

Edison Chouest Boat Rentals Founded

Gary Chouest's father founded Edison Chouest Boat Rentals, the precursor to Edison Chouest Offshore.

Philanthropic Impact

Employee ReliefUndisclosed

Edison Chouest Offshore Employee Relief Fund

The fund provides financial assistance to Chouest employees and their families in times of need.

Community Support$1.7K (median grant)

Chouest Foundation Inc.

Supports local emergency services, performing arts, and educational programs.

Wealth Trajectory