Background
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.
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Fayez Sarofim
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Career
With an estimated current Netto worth of $1.91 billion, Sarofim is ranked by Forbes as the 847-richest person in the world, in 2015. His investment firms oversees over $30 billion in assets. 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. 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.
His philanthropic efforts provide vital assistance to critical institutions and programs in a number of fields.
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 South. 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. Sarofim is a major supporter of Jeb Bush"s 2016 presidential candidacy.
Achievements
Politics
The Sarofim family is recorded in Burke"s Peerage and the "Imperial and Asiatic quarterly review and oriental and colonial record".
