Farouk Shami net worth is
People also search for
Farouk Shami Net Worth, Biography & Wiki 2017
Farouk Shami was born on the 15th December 1942, in Beit Ur al-Tahta, Ramallah, West Bank, Palestine and is an entrepreneur, best known as the founder and owner of the hair and skin care production company based in Texas, USA called Farouk Systems. Shami was also known through being a candidate for the Texas gubernatorial position in the elections held in 2010. Farouk has been active in the beauty industry since the early 1970s.
How much is the net worth of Farouk Shami? It has been estimated by authoritative sources that the outright size of his wealth is as much as $700 million, as of the data presented in early 2017. The beauty industry is the major source of Shami’s fortune.
Farouk Shami Net Worth $700 Million
To begin with, Shami moved to the USA in 1965. He graduated from the University of Arkansas, and was then a student of the cosmetology school based in Arkansas.
Regarding his professional career, Shami has been working in the development of hair care products for many years. At the start, he even developed an allergy to ammonia substances and was recommended to leave this profession. Yet, Shami was so passionate about his work that he wouldn’t even consider leaving, and on the contrary, he invented hair colouring which is ammonia free. So successful was Farouk that not only is he the founder of the hair and skin care production company Farouk Systems, but it currently employs more than 600 people just in the US. Their production is known all over the world, and the brands such as Cationic Hydration Interlin, BioSilk and SunGlitz are really popular. They export their production to more than 106 countries all over the world. Farouk Systems is the major source of Farouk Shami net worth.
In 2009, Farouk Shami participated in the election for governor of Texas position, as a member of the Democratic Party, and became involved in several controversies concerning religious issues and the 11th September attacks. During the campaign he revealed that he does not belong to any religious organization but has a personal bond with God. Another controversy was the statement that Farouk was not sure if the government of the USA was involved in the attacks of 11th September. Probably due to these controversies he lost the election to the politician Bill White.
In 2010, Farouk Shami served on the board of the American Task Force on Palestine.
Moreover, Shami was friends with the current President of the USA Donald Trump. Together they have participated in the Miss Universe and Miss USA pageants as well as in the reality television show “Celebrity Apprentice”, with Farouk providing sponsorship, but things changed after Trump’s anti-Hispanic remarks. However, Trump is believed to be using the CHI Helmet Head product made by Farouk System’s.
Finally, in the personal life of Farouk Shami, he has been married to Izziah Shami since 1961. They have an only child Basim Shami, who is also known for his work in the beauty industry. Currently, he is the President and CEO of the Beauty Elite Group.