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FRANCE•Logistics•Shipping

Jacques Saadé Jr

Net Worth
$7.771B
0% (24h)
Jacques Saadé Jr, born in 1971, is a French citizen and a prominent figure in the global shipping and logistics industry. As head of CMA CGM's real estate assets, he plays a key role in the family-controlled company's operations. His primary source of wealth is derived from shipping. He jointly controls CMA CGM with his siblings. With a current net worth of $7.8 billion, Jacques Saadé Jr. ranks among the world's wealthiest individuals. He is primarily involved in the logistics industry. The company, generating billions in revenue, operates over 500 vessels, and serves 420 commercial ports across 160 countries. His career has been marked by his family's leadership in CMA CGM.

The Full Dossier

Early Life and Family

Jacques Saadé Jr. is the son of the late Jacques Saadé, the founder of CMA CGM. He is part of the Saadé family, which has a long-standing presence in the shipping industry. The Saadé family established CMA CGM in Marseille, France, in 1978. The company has grown to become one of the world's largest container shipping companies.

Rise to Success

Jacques Saadé Jr. serves as the head of CMA CGM's real estate assets, playing a role in the diversified business operations. He jointly controls the company with his siblings. CMA CGM operates a large fleet of vessels that serve numerous ports worldwide. Jacques Saadé Jr. has been instrumental in the company's strategic decisions and expansion.

Key Business Strategies

CMA CGM's strategies include investing in efficient vessels and expanding its global presence. The company focuses on container shipping, port operations, supply chain management, and warehousing. Key acquisitions have been a part of CMA CGM's growth strategy. CMA CGM has a strong presence in various countries with numerous offices and warehouses. The company is committed to sustainable practices and has invested in technologies to enhance efficiency and reduce environmental impact.

Philanthropy

Information on Jacques Saadé Jr.'s specific philanthropic initiatives is limited in publicly available data. However, the CMA CGM Group has demonstrated its commitment to social responsibility through various initiatives. Further details on these initiatives may be available through the company's official channels.

Career Timeline

2017

Rodolphe Saadé appointed CEO

Rodolphe Saadé, son of Jacques Saadé Jr. was appointed as CEO of the CMA CGM Group.

1978

CMA CGM Founded

The Compagnie maritime d'affrètement (CMA) was founded by Jacques Saadé in Marseille, France. The company would later merge with Compagnie Générale Maritime (CGM).

Philanthropic Impact

Social ResponsibilityUnknown

CMA CGM Initiatives

The CMA CGM Group has been involved in several social responsibility initiatives, but specific details about Jacques Saadé Jr.'s direct involvement are not readily available.

Wealth Trajectory