Billionaire Profile
Gary Chouest & family
Global Rank
#2047

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Gary Chouest & family

CEO, Shipping
UNITED STATES
Real-Time Net Worth
$1.999B
Estimated based on Shipping stock value as of March 6, 2026
0% (24h)
Age
81
Source
Shipping
Industry
Logistics
Citizenship
UNITED STATES

Biography

Gary Chouest is the influential president of Edison Chouest Offshore (ECO), a major player in the marine transportation industry. With an estimated net worth of $2.4 billion, his wealth stems from a long career in shipping, shipbuilding, and related ventures. His company owns over 200 offshore vessels, shipyards, and ports, contributing significantly to the oil & gas and wind power industries. His career began with the founding of Edison Chouest Boat Rental in 1960, which evolved into the Edison Chouest Offshore group. He is known for his strategic vision and leadership in the maritime sector. His firm also owns stakes in various yacht manufacturers and shipbuilders, showcasing his diverse business interests.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Gary Chouest was born in July 1944. He is part of a lineage of maritime pioneers, which set the stage for his career. His father, Edison Chouest, founded Edison Chouest Boat Rental in 1960, which marked the beginning of the family's involvement in the shipping industry.

Rise to Success

Gary Chouest joined the family business at a young age, learning the ropes in all capacities, from deckhand to captain. His leadership and strategic vision were pivotal in shaping the Edison Chouest Group into a major player in the marine transportation sector. Under his guidance, the company expanded its operations and diversified its holdings, which includes shipyards, ports, and investments in other maritime businesses.

Key Business Strategies

Edison Chouest Offshore's success is attributed to a focus on innovation and customer satisfaction. Gary Chouest spearheaded the company's new build program, which included a series of 280-ft. offshore supply vessels. His strategic investments in shipyards and ports in the U.S. and Brazil further solidified the company's position. In addition to vessels, the firm owns shipyards and ports, as well as a stake in Bollinger Shipyard Group, a shipbuilder. The company has also expanded into the yacht manufacturing market through their holdings. This diversification reflects Chouest’s adaptability and forward-thinking approach to the industry.

Philanthropy

The Chouest family is known for its commitment to giving back. The Chouest Foundation Inc. supports a variety of causes, including educational programs, local emergency services, and community outreach. Details on specific amounts vary, but the family's philanthropic efforts are well-documented.

Career Milestones

1960

Founded Edison Chouest Boat Rental

The company's starting point and the foundation for Edison Chouest Offshore.

1974

Formation of North American Shipbuilding

Responding to client demands for specialized vessels, establishing a dedicated shipyard for Chouest-affiliated companies.

1996

Formation of C-Port

Entering into a new business with the formation of C-Port.

2008

Edison Chouest Sr. passed away

Gary Chouest takes on the responsibility of running the company.

Philanthropy & Social Impact

Community Support

Chouest Foundation

Undisclosed

Supports local educational programs, emergency services, and community outreach.

Controversies & Challenges

2016

Corporate Welfare Controversy

The Chouest family's company, Edison Chouest Offshore, was under scrutiny for not meeting job creation promises tied to a state incentive program.