Fayez Sarofim

About Fayez Sarofim

Birth Year: 1929
Birth Place: Houston, Texas, United States
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

Fayez Sarofim Net Worth

Fayez Sarofim was bornon 1929 in Houston, Texas, United States. Octogenarian investment manager Fayez Sarofim is chairman and Co-Chief Investment Officer of money management firm Fayez Sarofim & Co. Sarofim, nicknamed "The Sphinx," was one of the first investors in energy pipeline firm Kinder Morgan. He received an M.B.A. from Harvard Business School before starting his own investment firm in 1958. He sits on the board of the Memorial Sloan-Kettering Cancer Center as well as the Texas Heart Institute.
Fayez Sarofim is a member of Finance and Investments

💰 Net worth: $1.51 Billion (Updated at 22 June 2018)

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.