Mohamed Al Fayed was an Egyptian tycoon who became famous as the father of Dodi Al Fayed, Princess Diana’s boyfriend who died with her in a tragic accident in Paris in 1997.
Born on January 27, 1929 in a modest suburb of Alexandria, Mohamed was the son of a schoolteacher. He began his working life as a lemonade vendor and then continued as a sewing machine salesman.
He then became interested in maritime businesses and co-founded a shipping company in Egypt, then moved his company to Italy where it grew rapidly.
Mohamed Al-Fayed Net Worth
In the mid-1960s, he moved to England where his business success continued to grow and his income increased rapidly.
So much so that his fortune was estimated at about $2,000 million, according to the Celebrity Net Worth.
The egyptian businessman was richer than Queen Elizabeth. When she died, she left a personal fortune estimated at more than $500 million.
Al Fayed had businesses in several sectors, but the most emblematic was Harrods, the prestigious department store in London that he bought in 1985 and sold in 2010.
He also owned the Ritz Hotel in Paris and the Fulham football team, among others.
Al Fayed died at the age of 94 on August 30, 2023, surrounded by his wife and four children: Jasmine, Karim, Camilla and Omar.
After his death, however, a family war broke out over the inheritance, as the children did not get along with each other.
Jasmine is a frustrated fashion designer, Karim is deaf and runs a clinic for the hearing impaired, Camilla owns a vegan restaurant in London, and Omar is a space exploration entrepreneur.
The siblings’ conflicts came to public light during the 2020 pandemic when, according to Omar, his brother-in-law, Camilla’s husband, cornered him at a family gathering and beat him. Camilla argued in court that her brother was high on drugs during the incident.
The other two siblings, Jasmine and Karim, have decided to avoid public comment and stay out of the scandal.