Fayez Sarofim Net Worth

Fayez Sarofim Net Worth: Fayez Sarofim is an Egyptian-American billionaire who has a net worth of $2.2 billion. Apart from being an inheritor to the Safrofim household fortune, Fayez Sarofim can be a fund supervisor for a number of the Dreyfus household inventory funds, in addition to an unique and second largest shareholder of Kinder Morgan (NYSE: KMI) and half proprietor of the NFL staff Houston Texans. Nicknamed “The Sphinx”, Fayez additionally served as a director of the corporate within the interval from 2007 till its February 2011 IPO. Today, he nonetheless has his put up as a director. Furthermore, he has upped his stake in Kinder always, i.e., the initially owned 2% went up by 17% since its public itemizing. Fayez made his profession beginnings shortly after he took an M.B.A. from Harvard Business School with the muse of his personal funding agency, Fayez Sarofim & Co. in 1958. He made his preliminary 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 property underneath administration. Thanks to his sensible enterprise investments, he was inducted into the Texas Business Hall of Fame in 1997. Also an energetic donator, he has supported quite a few causes together with hospitals, colleges, and the humanities. Plus, he’s a board member of the Memorial Sloan-Kettering Cancer Center in addition to the Texas Heart Institute.

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