#1493
Mohamed Al Fayed
Overview
- Source of Wealth
- Retail, investments
- Industry
- Fashion & Retail
- Residence
- Children
- 5
Biography
Mohamed Al Fayed was born in Alexandria, Egypt and moved in the mid-1960s to the U.K., where he made his fortune.
He's best known for being the one-time owner of London department store Harrod's, which he sold to Qatar for a reported $2.4 billion in 2010.
He owns the storied Ritz Paris hotel. After a four-year renovation, it reopened in 2016. Suites are named after illustrious guests, like Coco Chanel.
In 2013, Al Fayed sold Fulham Football Club to U.S. auto parts billionaire Shahid Khan for a reported $300 million.
About
Al Fayed's son Dodi died in a car crash with Princess Diana in 1997.
He owns a Scottish castle and a sprawling estate called Balnagown near Inverness, where guests can rent out cottages.