Fayez Salofim net worth
Fayez Salofim Net Worth: Fayez Sarofim is an Egyptian-American billionaire with a net worth of $2.2 billion. In addition to being the heir to the Safofim family fortune, Fayez Sarofim is the fund manager of a portion of the Dreyfus family’s equity fund, as well as the original and second largest shareholder of Kinder Morgan (NYSE: KMI) and part owner of the NFL Houston Texans team.
Fayez, nicknamed “The Sphinx,” also served on the company’s board from 2007 to its February 2011 IPO. To this day, he still holds the post of director. In addition, he has continued to increase his stake in Kinder, whose initial 2% holding has risen 17% since the listing. Fayez began his career shortly after earning an MBA from Harvard Business School in 1958 and founding his own investment firm, Fayez Sarofim & Co. His initial fortune was as a long-term investment buy-and-hold specialist in Philip Morris, Coca-Cola, Procter & Gamble. Fayez Sarofim & Co. currently manages $30 billion in assets. He was inducted into the Texas Business Hall of Fame in 1997 for his wise business investments. He is also an active donor, supporting numerous causes including hospitals, schools and the arts. In addition, he is a board member of Memorial Sloan-Kettering Cancer Center and the Texas Heart Institute.
