He was born in Berthier-en-Haut, the son of Barthélemy Faribault, a notary, and Catherine-Antoine Véronneau.
Faribault invested in real estate and built and operated sawmills and flour mills.
His daughter Aurélie inherited parts of the seigneuries of L'Assomption and Repentigny from her two husbands, Charles Saint-Ours and Louis-Michel Viger.
Faribault was a member of the special council that governed Quebec after the suspension of the constitution in 1838.
Faribault opposed the founding of Collège de L'Assomption but later contributed funds to aid in its operation.