Fayez Sarofim (Arabic: فايز ساروفيم) is a Coptic Egyptian American fund manager for a number of Dreyfus family stock funds. He is divorced with five children, and lives in Houston, Texas. With an estimated current[update] net worth of between $1.8 billion to $4 billion, Sarofim was ranked by Forbes as the 428-richest person in the world. His investment firms oversees over $34 billion in assets.
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Fayez Shalaby Sarofim was born in Egypt. The son a wealthy Egyptian agriculturist, he came to the United States in 1946. He became a naturalized American citizen in 1961. Earning degrees from the University of California, Berkeley, and the 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 number 3 on the most influential Arab Americans.
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, a school in which his nephew Reece Sarofim (stage name Robby Gavriel Herron) attended and Museum of Fine Arts, a favorite of his daughter Allison. He has provided support to Sloan–Kettering Cancer Center, the Texas Children’s Hospital and the University of Texas Health Science Center at Houston for construction of the Fayez S. Sarofim Research Building. Sarofim also has made financial gifts to the Houston Grand Opera, the Houston Symphony, the Hobby Center for the Performing Arts, the Sarofim Hall, the Alley Theatre, and the Los Angeles Opera.