About
Mohamed Al-Fayed was an Egyptian businessman whose primary business interests were in the United Kingdom. He was known for his ownership of iconic establishments such as the Hôtel Ritz Paris and Harrods department store, as well as Fulham Football Club. At the time of his death in 2023, his net worth was estimated at US$2 billion. Al-Fayed had a controversial public image during his lifetime.
Career Timeline
Acquires House of Fraser
Al-Fayed acquires the House of Fraser, including Harrods, establishing a significant retail presence.
Acquires Hôtel Ritz Paris
Acquires the Hôtel Ritz Paris, adding a prestigious hotel to his portfolio.
Diana Conspiracy Theories
Becomes embroiled in controversy surrounding the death of Princess Diana and his son, Dodi Al-Fayed.
Failed British Citizenship Application
Rejected for British citizenship despite his business investments and charitable contributions.
Sells Harrods
Sells Harrods department store to Qatar Holdings. His net worth remains substantial.
Sells Fulham Football Club
Sells Fulham Football Club, ending his ownership of the club.
Death of Mohamed Al-Fayed
Mohamed Al-Fayed passes away, leaving behind a complex legacy in business and public life.
Controversial Legacy Remains
Al-Fayed is remembered for his business ventures and controversial public image. While at one time Harrods was considered the finest retail experience, the brand declined in recent years, and his memory is permanently tainted by his theories about Princess Diana's death.
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Last updated: February 25, 2026