The net worth of French-Libanese entrepreneur Rodolphe Saadé is estimated at $41BN. After studying in Montreal, Saadé started working for the company of his father. Later, he developed new business areas and took over shipping company Delmas. Today, Saadé leads the leading shipping and logistics company CMA CGM. Yearly revenues of CMA CGM were almost at €56BN in 2021. If there were a Saadé family office, it certainly would be amongst the top family offices in Europe.
No Saadé family office known, CMA CGM main source of wealth
To the knowledge of our research team, there is no known Rodolphe Saadé family office. Instead, the magnate is focused on the management and further development of CMA CGM. For instance, in a joint project the firm invests $156 in the renewable gas project “Salamander” together with Engie. It is planned to produce biomethane in large scale in Le Havre. Besides, in February 2022 Saadé threw in a bid to acquire a 89% stake in La Provence.
Picture source: Venthi Views
This article directly stems from the research process for our European single family office database. Our list of European single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables.