Jacques Saade & family

$7.00 B

Ranked #228 in World

About Jacques Saade & family

Jacques Rodolphe Saadé, a French-Lebanese businessman who founded CMA CGM, passed away at 81 on June 24, 2018. Born in Beirut in 1937 and an alumnus of the London School of Economics, Saadé established the world’s third-largest container shipping company by navigating through challenges, including relocating to Marseille in 1978 due to the war in Lebanon. Under his leadership, CMA CGM emerged as a global shipping powerhouse, boasting a fleet of 489 vessels and generating $16.0 billion in revenue for 2016. Saadé's commitment extended beyond business; he was deeply invested in environmental protection and adamant about keeping the company within the family, a value supported by his children, Rodolphe and Tanya. Throughout his career, Saadé received numerous accolades, including the Commander of the French Legion of Honor in 2015, underscoring his impact on the maritime and business worlds.

Born

February 07, 1937 in Beirut, Lebanon

Died

June 24, 2018 (aged 81)

Source Of Wealth

Shipping

Industries

Logistics

Citizenship

France

Education

Bachelor of Arts/Science, American University Beirut Lebanon; Master of Business Administration, London School of Economics

Spouse

Naila Rapnouil Saadé

Children

Jacques Rodolphe Saadé was born on February 7, 1937, in Beirut, Lebanon. He was the son of a Lebanese businessman and a French mother. Saadé grew up in a wealthy family and attended the best schools in Beirut. He showed an early interest in business and shipping, and after graduating from high school, he went on to study economics at the London School of Economics.

Jacques Saade & family: Family

Saadé was married to Naila, and they had two children together, Rodolphe and Tanya. His son, Rodolphe, followed in his father's footsteps and became the CEO of CMA CGM in 2017. His daughter, Tanya, is also involved in the family business and serves as the company's Executive Officer.

Jacques Saade & family: Career Highlights

After graduating from the London School of Economics in 1957, Saadé returned to Lebanon and took over the family business. He quickly expanded the business and made it one of the largest shipping companies in the Middle East. In 1978, due to the war in Lebanon, Saadé moved to Marseille, France, and founded Compagnie maritime d’affrètement (CMA) with his brother Johnny. In 1996, he acquired CGM (Compagnie Générale Maritime) and merged the two companies in 1999 to create the CMA CGM Group.

Jacques Saade & family: Companies

Saadé was the founder and chairman of CMA CGM, the fourth largest container transportation and shipping company in the world. He also served as the president of the Franco-Lebanon Chamber of Commerce and the France-Ukraine committee. In addition, he was a member of the board of directors of several other companies, including the Suez Canal Authority and the Port of Marseille.

Jacques Saade & family: Major Achievements

Saadé was a highly successful businessman and made several major achievements during his career. He transformed CMA CGM from a small shipping company into a global giant. He also made several strategic acquisitions, including DELMAS, Cheng Lie Navigation Ltd, U.S.

Lines, and COMANAV. In addition, he was a strong advocate for environmental protection and reduced the company's impact on the environment.

Jacques Saade & family: Awards & Achievements

Saadé received numerous awards and recognitions for his achievements. He was voted "Personality of the Year" by Seatrade magazine in 2007 and was awarded the Manley-Bendall prize by the Naval Academy and an Honorary Degree by the Arab Academy for Science, Technology and Maritime Transport in Alexandria. He was also named an Officer of the French Legion of Honor in 2009 and received the "Lifetime Achievement Award" from Containerization International in 2012.

Jacques Saade & family: Personal Life & Legacy

Saadé was a private person and did not share much about his personal life. He was known for his hard work and dedication to his business. He was also a strong supporter of education and philanthropy. He established the Jacques Saadé Foundation, which supports educational and cultural projects in Lebanon and France. Saadé passed away on June 24, 2018, at the age of 81.

Jacques Saade & family: Trivia

Saadé was a polyglot and spoke several languages, including Arabic, French, English, and Italian. He was also a keen sailor and enjoyed spending time on his yacht.

Wealth History

Timeline

February 7, 1937

Jacques Rodolphe Saadé is born in Beirut, Lebanon.

1957

Graduates from the London School of Economics.

1978

Takes over the family business after his father's death.

1978

Moves to Marseille, France, due to the war in Lebanon.

September 13, 1978

Founds Compagnie maritime d’affrètement (CMA) with his brother Johnny.

1986

Becomes President of the Franco-Lebanon Chamber of Commerce.

1996

Acquires CGM (Compagnie Générale Maritime).

1999

Merges CMA and CGM to create the CMA CGM Group.

2006-2010

Serves as President of the France-Ukraine committee.

2007

Voted "Personality of the Year" by Seatrade magazine.

2009

Named an Officer of the French Legion of Honor.

2010

Becomes President of the France-Jordan Council of Business Leaders.

2012

Receives the "Lifetime Achievement Award" from Containerization International.

2013

Made an honorary citizen of the City of Marseille.

2014

Receives an honorary doctorate from the Lebanese American University (LAU).

2015

Named a Commander of the French Legion of Honor.

2017

Appoints his son Rodolphe as CEO of CMA CGM and becomes founder chairman.

June 24, 2018

Jacques Rodolphe Saadé dies at the age of 81.

Jacques Saade & family : FAQs

What is Jacques Saade's net worth?

As of 2018, Jacques Saade's net worth was $7.00 billion.

What are Jacques Saade's main sources of wealth?

Jacques Saade's main source of income comes from Shipping.

In which industry does Jacques Saade primarily operate?

Jacques Saade is primarily involved in the Logistics industry.

What is Jacques Saade educational background?

Jacques Saade holds a Bachelor of Arts/Science from American University Beirut Lebanon and a Master of Business Administration from London School of Economics.

Is Jacques Saade dead?

Yes, Jacques Saade died on June 24, 2018 (aged 81).

How many children does Jacques Saade have?

Jacques Saade has 3 children.

Who was Jacques Rodolphe Saadé and what did he accomplish in his career?

Jacques Rodolphe Saadé was a French-Lebanese billionaire businessman and the founder of CMA CGM, the fourth largest container transportation and shipping company in the world. He founded Compagnie maritime d’affrètement (CMA) in 1978 and merged it with CGM in 1999 to create CMA CGM. Under his leadership, the company made significant acquisitions and expanded its global reach, becoming a prominent player in the shipping industry.

What are some key milestones in Jacques Rodolphe Saadé's life?

Born in Beirut in 1937, Saadé graduated from the London School of Economics in 1957, took over his family's business, moved to Marseille in 1978 due to the war in Lebanon, and founded CMA. He later acquired CGM and merged the two to form CMA CGM. He was also known for appointing his son as CEO in 2017 and passing away in 2018.

What notable achievements did Jacques Rodolphe Saadé receive throughout his career?

Jacques Rodolphe Saadé received numerous honors, including being named President of the Franco-Lebanon Chamber of Commerce, voted "Personality of the Year" by Seatrade magazine in 2007, receiving the Lifetime Achievement Award from Containerization International in 2012, and being made an honorary citizen of Marseille and a Commander of the French Legion of Honor.

How did Jacques Rodolphe Saadé contribute to environmental protections in the shipping industry?

Saadé was committed to environmental protection, equipping his fleet with large capacity vessels fitted with green technologies and reducing carbon emissions per shipped container per km on his owned fleet by 50% between 2007 and 2015, showcasing his dedication to reducing the company's environmental impact.

What is the family business model and key figures of CMA CGM under Jacques Rodolphe Saadé's leadership?

Under Saadé's leadership, CMA CGM adopted a family business model, emphasizing human values and family spirit in corporate governance. It became the world's 3rd largest container shipping company and No.1 in France, with a fleet of 489 vessels, serving over 420 ports, present in 160 countries with 775 offices, employing over 29,000 people, and generating a revenue of US$16.0 billion in 2016.