Extensive Business Interests
In 1938, Fay and his brother, Ernest Fay (1914–1986), founded Seabrook Shipyard, which built submarine chasers and rescue boats during World War II. After the war, Fay operated various businesses in Texas and Louisiana, including shipbuilding and his Bel Oil Corporation.
By 1972, his petroleum interests included holdings in several states as well as Canada, and New Zealand. He also had real estate interests in Nicaragua and the Little Cayman Islands in the Caribbean Sea. At the time of his death, his business interests had diversified to include ranching, timber, marinas, and banking.
Read more about this topic: Albert Bel Fay
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