Fayez S Sarofim

Fayez Sarofim, the billionaire money manager, died in May 2022 at his home in Houston, at age 93. Fayez S. Sarofim had been a director of the Company since March 1990. He had been Chairman of the Board and President of Fayez Sarofim & Co., a registered investment advisor, for more than five years. He was also a director of Argo Group International Holdings, Ltd. (resulting from the merger of Argonaut Group, Inc. and PXRE Group Ltd.), an international underwriter of specialty insurance and reinsurance products in the property and casualty market, and Knight Inc. (formerly known as Kinder Morgan, Inc.), an energy services provider. His current worth' was listed as $1.49 billion. Publicity-shy and nicknamed "the Sphinx" for his reserved and formal persona, the Egyptian-born, Harvard-educated businessman is chairman and co-chief investment officer of Fayez Sarofim & Co, a money management firm. in 2022 assets under management top $30 billion, and son Christopher Sarofim runs the company. He was an early investor in the Kinder Morgan energy pipeline and is a limited partner in the Texans football team ownership group. Sarofim spent a lot of money on divorces. In 1989 Louisa (who bore him two children) filed for divorce after reportedly being the last person in Houston’s tony River Oaks neighborhood to know that Fayez had been having an affair with one of his employees, Linda Hicks, with whom Sarofim had another three kids. He settled with Louisa for more than $100 million in 1990. Media Summit Sarofim, 2009. ASSOCIATED PRESS Though he bought Linda a 22,000 square foot mansion on River Oaks Boulevard, their subsequent marriage ended in 1996 and cost at least $60 million. Ever the ladies’ man, Sarofim raised eyebrows around town when he married again in 2015 to Susan Krohn, the mother of his son Phillip’s (now ex-) wife Lori, herself the ex-wife of Houston oil tycoon Tracy Krohn.