Who Was Egyptian Business Tycoon Mohamed Al-Fayed?

A statement from Al-Fayed family has revealed that Mohamed Al-Fayed died at the age of 94 last Wednesday, August 30. Originally from Egypt, Al-Fayed built a successful business empire before moving to the United Kingdom and coming to own different businesses and properties including the iconic Harrods department store. However, his business legacy would be overshadowed by the death of his son, Dodi Al-Fayed, in a car crash that also took the life of Diana, Princess of Wales.

Mohamed Al-Fayed was born in Alexandria. He would later establish a shipping company with his brothers, but years and many more business ventures later, he would buy The Ritz hotel in Paris and Harrods with his brothers. At one point, he was also the financial consultant of the Sultan of Brunei and owner of the Fulham football club.