Bloomberg Billionaires Index

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# 90 Rodolphe Saade & family $17.9B

Random fact: The company was founded by Rodolphe's father Jacques Saade.

Overview

Saade is the chairman and chief executive of CMA CGM, the world's third-largest container shipping company. The Marseille, France-based business has more than 580 ships and reported revenue of 56 billion euros ($66.2 billion) in 2021. Saade shares ownership of the closely held company with his two siblings.

As of :
Last change +$322M ( +1.8%)
YTD change +$1.75B ( +10.8%)
Biggest asset CMA CGM
Country / Region France
Age 52
Industry Services
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Rodolphe Saade & family's net worth of $17.9B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Saade's fortune is derived from his family's majority stake in CMA CGM, a closely held shipping and logistics company. The Marseille, France-based group has more than 580 ships and is the world's third-largest shipping container company, according to its website.

Saade and his family, including two siblings, own 73% of the group, according to company filings.

CMA CGM is valued using reported financial results and the average enterprise value-to-Ebitda, enterprise value-to-sales and price-to-book value multiples of two publicly traded peers: AP Moller - Maersk A/S and Hapag-Lloyd AG.

A spokesperson for CMA CGM declined to comment on the net worth calculation.

Biography

Birthdate:
Family: Unknown, No children

Saade was born in Lebanon in 1970. His father, Jacques Saade, moved his family to Marseilles, France in 1978 and founded Compagnie Maritime d'Affretement, which initially focused on operating ferries between Marseille and Beirut.

Rodolphe Saade studied marketing at Concordia University in Montreal before joining the family company in 1994.

A series of acquisitions culminated in the purchase of Compagnie Generale Maritime from the French government in 1996 and the formation of CMA CGM in 1999. The combined group was the world’s 12th-largest shipping conglomerate at the time. 

After running a series of shipping lines, Rodolphe Saade took over much of the group's global expansion. By 2010, he had overseen a major financial restructuring of the group. Around this time was appointed vice chairman and a member of the CMA CGM’s board of directors.

He was appointed chairman and chief executive of the company in 2017.

Milestones
  • 1978 * Compagnie Maritime d’Affrètement is founded with four staff and one ship.
  • 1999 * Acquires Compagnie Generale Maritime to form CMA CGM.
  • 2010 * Appointed vice chairman and a member of the board.
  • 2017 * Becomes chairman and chief executive of the group.