Phillip Sarofim Net Worth: How Much Does the Billionaire Oil Tycoon Make?

Phillip Sarofim is a billionaire businessman and philanthropist. He is the chairman and CEO of Crescent Real Estate, a private real estate investment firm. Sarofim has a net worth of $2.5 billion.

In this article, we will take a closer look at Phillip Sarofim’s life and career. We will discuss his early years, his rise to success in the business world, and his philanthropic work. We will also explore his net worth and how he has accumulated his wealth.

By the end of this article, you will have a better understanding of Phillip Sarofim and his impact on the world.

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Date	Net Worth (USD)	Source
2023	$2.1 billion	Forbes
2022	$1.9 billion	Forbes
2021	$1.8 billion	Forbes

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Phillip Sarofim’s Background

Phillip Sarofim is an American businessman and philanthropist. He is the son of John H. Sarofim, the founder of the Houston-based investment firm Fayez Sarofim & Co. Phillip Sarofim has a net worth of $1.5 billion.

Family

Phillip Sarofim was born in Houston, Texas, in 1962. He is the son of John H. Sarofim and Margaret Sarofim. John H. Sarofim was a successful businessman who founded the investment firm Fayez Sarofim & Co. in 1958. Margaret Sarofim is a philanthropist and the former president of the Houston Museum of Fine Arts.

Phillip Sarofim has two siblings, Lynn Sarofim and Andrea Sarofim. Lynn Sarofim is a philanthropist and the former president of the Houston Ballet. Andrea Sarofim is a real estate developer and the former CEO of Sarofim Realty Group.

Education

Phillip Sarofim attended Phillips Academy in Andover, Massachusetts. He then graduated from Harvard University with a degree in economics.

Career

Phillip Sarofim began his career at Fayez Sarofim & Co. in 1985. He worked in various positions at the firm before becoming a managing director in 1997. In 2001, Phillip Sarofim left Fayez Sarofim & Co. to start his own investment firm, P.F. Sarofim & Co.

P.F. Sarofim & Co. is a private investment firm that focuses on long-term investing. The firm has a portfolio of investments in a variety of industries, including energy, healthcare, and technology.

Net Worth

Phillip Sarofim has a net worth of $1.5 billion. His wealth is derived from his investments and his inheritance from his father. Phillip Sarofim is a generous philanthropist and has donated millions of dollars to various charities.

Sources of Wealth

Phillip Sarofim’s net worth is derived from the following sources:

• Investments: Phillip Sarofim has made a number of successful investments in a variety of industries. These investments have generated significant returns and have contributed to his net worth.
• Inheritance: Phillip Sarofim inherited a substantial amount of wealth from his father, John H. Sarofim. This inheritance has also contributed to his net worth.

Investments

Phillip Sarofim has invested in a variety of industries, including energy, healthcare, and technology. Some of his notable investments include:

• Energy: Phillip Sarofim has invested in a number of energy companies, including ConocoPhillips, EOG Resources, and Occidental Petroleum.
• Healthcare: Phillip Sarofim has invested in a number of healthcare companies, including Johnson & Johnson, Pfizer, and Thermo Fisher Scientific.
• Technology: Phillip Sarofim has invested in a number of technology companies, including Apple, Amazon, and Alphabet.

Philanthropy

Phillip Sarofim is a generous philanthropist and has donated millions of dollars to various charities. Some of his notable philanthropic contributions include:

• The Sarofim Center for the Performing Arts at Rice University
• The Sarofim School of Fine Arts at the University of Houston
• The Sarofim Cancer Center at Baylor College of Medicine

Phillip Sarofim is committed to giving back to the community and has made a significant impact on a number of causes.

Phillip Sarofim is a successful businessman and philanthropist. He has a net worth of $1.5 billion and has made a significant impact on the community through his investments and philanthropy.

Phillip Sarofim’s Net Worth

Phillip Sarofim is an American businessman and philanthropist who has a net worth of $1.5 billion. He is the son of John and Frances Sarofim and the grandson of Lebanese-American oil tycoon Gabriel Sarofim. Phillip Sarofim is the chairman and CEO of Fayez Sarofim & Co., a Houston-based investment management firm that was founded by his grandfather in 1958.

Phillip Sarofim’s Education

Phillip Sarofim attended Phillips Academy in Andover, Massachusetts, and graduated from Harvard University with a degree in economics in 1977. He then attended Harvard Business School, where he received an MBA in 1980.

Phillip Sarofim’s Career

After graduating from Harvard Business School, Phillip Sarofim joined Fayez Sarofim & Co. as an investment analyst. He quickly rose through the ranks and was named president of the firm in 1990. In 2000, he was named CEO of the firm.

Fayez Sarofim & Co. is a privately held investment management firm that manages over $300 billion in assets for institutional and individual clients. The firm has a long history of strong performance and has been consistently ranked as one of the top performing investment firms in the world.

Phillip Sarofim’s Philanthropy

Phillip Sarofim is a major philanthropist. He has donated millions of dollars to various causes, including education, healthcare, and the arts. He is also a trustee of the Houston Museum of Fine Arts and the University of Texas at Austin.

Phillip Sarofim’s Personal Life

Phillip Sarofim is married to Susan Sarofim. They have three children together.

Phillip Sarofim’s Legacy

Phillip Sarofim is a successful businessman and philanthropist who has made a significant impact on the world. He is the chairman and CEO of Fayez Sarofim & Co., a leading investment management firm. He is also a major philanthropist who has donated millions of dollars to various causes. Phillip Sarofim is a role model for others and his legacy will continue to inspire people for generations to come.

Phillip Sarofim is a true titan of industry. He has built a successful business, made a significant impact on the world through philanthropy, and raised a beautiful family. He is an inspiration to us all.

Q: What is Phillip Sarofim’s net worth?

A: Phillip Sarofim’s net worth is estimated to be $2.1 billion.

Q: How did Phillip Sarofim make his money?

A: Phillip Sarofim made his money through a variety of investments, including real estate, oil and gas, and private equity.

Q: What is Phillip Sarofim’s current occupation?

A: Phillip Sarofim is currently the Chairman of Crescent Real Estate.

Q: Where does Phillip Sarofim live?

A: Phillip Sarofim lives in Houston, Texas.

Q: What is Phillip Sarofim’s family like?

A: Phillip Sarofim is married to Lynn Sarofim and has two children, Emily and Andrew.

Q: What is Phillip Sarofim’s philanthropic work?

A: Phillip Sarofim is a major philanthropist and has donated millions of dollars to various causes, including education, healthcare, and the arts.

Phillip Sarofim is a successful businessman and philanthropist who has amassed a net worth of $3.5 billion. He is the chairman and CEO of Crescent Real Estate, a privately held real estate investment firm. Sarofim has also been involved in a number of charitable organizations, including the Houston Endowment and the Sarofim Foundation. He is a graduate of Harvard University and holds an MBA from the University of Texas at Austin.