Fayez Sarofim’s profile picture

Fayez Sarofim

Fayez Sarofim’s profile picture
Net worth 2018: $1.45 Billion
Residence: Houston, Texas
Country: United States
BirthDay: 1929
Children: 5
Education: Bachelor of Arts / Science, University of California, Berkeley; Master of Business Administration, Harvard University
BIOGRAPHY

Fayez Sarofim was bornon 1929 in Houston, Texas, United States. Fayez Sarofim is #1572 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2013

$2 Billion

2014

$2.1 Billion

2015

$1.85 Billion

2016

$1.4 Billion

2017

$1.6 Billion

2018

$1.45 Billion

TIMELINE
2016

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

2015

91 billion, Sarofim is ranked by Forbes as the 847-richest person in the world, in 2015

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

1997

In 1997, he was inducted into the Texas Business Hall of Fame

1990

In 1990, he married Hicks; in 1996, they divorced with Hicks receiving a $12 million settlement

1986

In 1986, they had another son, Phillip Sarofim; and in 1989, she had another child with a different father whom Sarofim adopted

1984

In 1984, he had a son, Andrew Sarofim, with Linda Hicks, a former employee at his company

1962

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

1958

In August 1958, he founded Fayez Sarofim & Company, a Houston investment firm

1946

Sarofim came to the United States in 1946 and became a naturalized American citizen in 1961

1929

Fayez Shalaby Sarofim was born in 1929 in Cairo, into Egyptian nobility

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