Fayez Sarofim Net Worth is$2 Billion
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Nationality: United States of America
Date of Birth: 1929
Place of Birth: Egypt
Fayez Sarofim Net Worth: Fayez Sarofim is an Egyptian-American billionaire who has a net worth of $2 billion. Apart from being an heir to the Safrofim family fortune, Fayez Sarofim is also a fund manager for some of the Dreyfus family stock funds, as well as an original and second largest shareholder of Kinder Morgan (NYSE: KMI) and part owner of the NFL team Houston Texans. Nicknamed "The Sphinx", Fayez also served as a director of the company in the period from 2007 until its February 2011 IPO. Today, he still has his post as a director. Furthermore, he has upped his stake in Kinder constantly, i.e., the initially owned 2% went up by 17% since its public listing. Fayez made his career beginnings shortly after he took an M.B.A. from Harvard Business School with the foundation of his own investment firm, Fayez Sarofim & Co. in 1958. He made his initial fortune as a buy-and-hold specialist with long-term investments in Philip Morris, Coca-Cola, Procter & Gamble. Currently, Fayez Sarofim & Co. has $30 billion in assets under management. Thanks to his wise business investments, he was inducted into the Texas Business Hall of Fame in 1997. Also an active donator, he has supported numerous causes including hospitals, schools, and the arts. Plus, he is a board member of the Memorial Sloan-Kettering Cancer Center as well as the Texas Heart Institute.
Fayez Sarofim (Arabic: ???????? ?????????????????) is a Coptic Egyptian American heir to the Sarofim family fortune, fund manager for a number of Dreyfus family stock funds, an original and second largest shareholder of Kinder Morgan (NYSE: KMI) and part owner of the NFL team Houston Texans; ranked 6th Most Valuable NFL team worth $1.2 billion. He is divorced with five children, and lives in Houston, Texas. With an estimated current[update] net worth of $2 billion, Sarofim is ranked by Forbes as the 273-richest person in the world, in 2013. His investment firms oversees over $30 billion in assets.

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. Earning degrees from the University of California Berkeley, and Harvard Business School. Sarofim founded Fayez Sarofim & Company, a Houston investment firm, in August 1958. 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'.
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.

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Fayez Sarofim Latest News

Alphabet Inc. (GOOG) Stake Raised by Monetta Financial Services Inc.

Wrapmanager Inc. purchased a new stake in shares of Alphabet during the second quarter valued at $361,000. Fayez Sarofim & Co. boosted its stake in shares of Alphabet by 9.0% in the second quarter. Fayez Sarofim & Co. now owns 247,162 shares of the company ...
Posted: October 18, 2016, 5:36 am

Jefferies Group Reiterates “Buy” Rating for Enterprise Products Partners L.P. (EPD)

Fayez Sarofim & Co. raised its stake in Enterprise Products Partners L.P. by 1.9% in the second quarter. Fayez Sarofim & Co. now owns 18,577,940 shares of the company’s stock worth $543,591,000 after buying an additional 344,401 shares during the period.
Posted: October 16, 2016, 4:47 am

Novo Nordisk A/S (NVO) Given Average Rating of “Buy” by Brokerages

Finally, Fayez Sarofim & Co. increased its position in shares of Novo Nordisk A/S by 2.1% in the second quarter. Fayez Sarofim & Co. now owns 6,068,044 shares of the company’s stock worth $326,612,000 after buying an additional 126,829 shares in the last ...
Posted: October 13, 2016, 11:31 am
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