Fayez Sarofim Net Worth

Fayez Sarofim is an octogenarian investment manager born in 1929 in Houston, Texas. He is the chairman and Co-Chief Investment Officer of his own money management firm, Fayez Sarofim & Co. He has an M.B.A. from Harvard Business School and is a board member of the Memorial Sloan-Kettering Cancer Center and the Texas Heart Institute. He is also known as "The Sphinx" for being one of the first investors in energy pipeline firm Kinder Morgan.
Fayez Sarofim is a member of Finance and Investments

Age, Biography and Wiki

Birth Year 1929
Birth Place Houston, Texas, United States
Age 94 YEARS OLD
Alma mater University of California Berkeley Harvard Business School
Spouse(s) Louisa Stude (divorced) Linda Hicks (divorced) Susan Krohn
Children with Stude: --Christopher Sarofim --Allison Sarofim with Hicks: --Andrew Sarofim --Phillip Sarofim -- Maxwell Sarofim --stepson

💰 Net worth: $1.6 Billion (2024)

Fayez Sarofim, a prominent figure in finance and investments in the United States, is projected to have a net worth of $1.6 billion in 2024. With extensive experience and a successful career in the financial industry, Sarofim has accumulated significant wealth. As an accomplished investor and trusted advisor, he has managed to grow his fortune through strategic investments and shrewd financial decisions. His expertise and astute business acumen have contributed to his remarkable financial success, establishing him as a respected figure in the finance world.

2013 $2 Billion
2014 $2.1 Billion
2015 $1.85 Billion
2016 $1.4 Billion
2017 $1.6 Billion
2018 $1.45 Billion

Some Fayez Sarofim images

Biography/Timeline

1929

Fayez Shalaby Sarofim was born in 1929 in Cairo, into Egyptian nobility. As the son of an Egyptian aristocrat and agricultural magnate, Sarofim lived a life among Egypt's political and wealthy elite, in modern Heliopolis. As a Bey equivalent to European peerage title Marquess, Sarofim's Father held large feudal and Egyptian cotton estates throughout North Africa. Sarofim came to the United States in 1946 and became a naturalized American citizen in 1961. After, earning degrees from the University of California Berkeley, and Harvard Business School, Sarofim took a job with cotton company Anderson, Clayton in Houston.

1958

In August 1958, he founded Fayez Sarofim & Company, a Houston investment firm. In 1997, he was inducted into the Texas Business Hall of Fame. Sarofim is ranked third on the most influential Egyptian Americans. The Sarofim family is recorded in Burke's Peerage and the 'Imperial and Asiatic quarterly review and oriental and colonial record'.

1962

Sarofim has been married three times. In 1962, he married Louisa Stude, adopted daughter of Herman Brown, founder of Brown and Root; they had two children: Christopher Sarofim and Allison Sarofim.

1984

In 1984, he had a son, Andrew Sarofim, with Linda Hicks, a former employee at his company. In 1986, they had another son, Phillip Sarofim; and in 1989, she had another child with a different Father whom Sarofim adopted. In 1990, he divorced his first wife who received a $250 million divorce settlement. In 1990, he married Hicks; in 1996, they divorced with Hicks receiving a $12 million settlement. Hicks later died while climbing Mount Kilimanjaro.

2013

His philanthropic efforts provide vital assistance to critical institutions and programs in a number of fields. Sarofim is a major contributor to the Houston Ballet and the Museum of Fine Arts, a favorite of his daughter Allison. He has provided support to Memorial Sloan–Kettering Cancer Center, the Texas Children’s Hospital and the University of Texas Health Science Center at Houston for construction of the $120 Million environment friendly, Fayez S. Sarofim Research Building. Sarofim also has made financial gifts to the Houston Grand Opera, the Houston Symphony, donating high seven figures to the Hobby Center for the Performing Arts, creating the 2600 seat, Sarofim Hall, designed for touring Broadway shows, the Alley Theatre, and the Los Angeles Opera.

2014

In December 2014, he married Susan Krohn, the ex-wife of fellow Billionaire Tracy Krohn, and mother of his son Phillip's wife Lori Krohn.

2016

Sarofim was a major supporter of Jeb Bush's 2016 presidential candidacy.