Mohamed Al Fayed’s profile picture

Mohamed Al Fayed

Mohamed Al Fayed’s profile picture
Net worth 2018: $1.64 Billion
Residence: El-Gomorok
Country: Egypt
BirthDay: 27 January 1929
Sigh: Aquarius
Children: 5
BIOGRAPHY

Mohamed Al Fayed was bornon 27 January 1929 in El-Gomorok, Egypt. Mohamed Al Fayed is #1435 in List Billionaires People In The World. Mohamed Al Fayed's Ritz hotel in Paris reopened in June 2016 after four years of renovation at a cost of $450 million. Suites are named after one-time guests, including Coco Chanel, F. Scott Fitzgerald and the Duke and Duchess of Windsor. In July 2013, Al Fayed sold Fulham Football Club to U.S. auto parts billionaire Shahid Khan for a reported $300 million. He bought the English soccer team in 1997 and took a small loss when he sold it. Al Fayed fared much better with 75 Rockefeller Plaza in New York City, netting a profit when he sold his lease in December 2012. In 2010 Al Fayed, a London-based Egyptian businessman, sold Harrods department store to Qatar Holding for a reported $2.4 billion.

NET WORTH STATISTIC
2011

$1.2 Billion

2012

$1.3 Billion

2013

$1.4 Billion

2014

$1.9 Billion

2015

$2 Billion

2016

$1.9 Billion

2017

$1.8 Billion

2018

$1.64 Billion

TIMELINE
2014

He moored a yacht in Monaco called the Sokar prior to selling it in 2014

2013

In July 2013, it was announced that Al-Fayed had sold the club to Pakistani American businessman Shahid Khan, who owns the NFL's Jacksonville Jaguars

2011

Al-Fayed financially supported Unlawful Killing (2011), a documentary film accused of presenting his version of events

2010

After previously denying that Harrods was for sale, Harrods was sold to Qatar Holdings, the sovereign wealth fund of the emirate of Qatar, on 10 May 2010

2009

In 2009 Al-Fayed revealed that he was in favour of a wage cap for footballers, and criticised the management of The Football Association and Premier League as "run by donkeys who don't understand business, who are dazzled by money

2008

The jury verdict, given on 7 April 2008, was that Diana and Dodi had been "unlawfully killed" through the grossly negligent driving of chauffeur Henri Paul, who was intoxicated, and the pursuing vehicles

2007

An inquest headed by Lord Justice Scott Baker into the deaths of Diana and Dodi began at the Royal Courts of Justice, London, on 2 October 2007 and lasted for six months

2006

The British Operation Paget, a Metropolitan police inquiry which concluded in 2006, also found no evidence of a conspiracy

2005

In 2005, he moved back to Britain, saying that he "regards Britain as home"

2004

It was a continuation of the original inquest that had begun in 2004

2003

In 2003, Fayed moved from Surrey, UK to Switzerland, alleging a breach in an agreement with Inland Revenue

2002

By 2002, Fulham were competing in European football, winning the Intertoto Cup and challenging in the UEFA Cup

2001

Al-Fayed first claimed that the Princess was pregnant to the Daily Express in May 2001, and that he was the only person who had been told of this news

1999

Hamilton lost a subsequent libel action against Al-Fayed in December 1999 and a subsequent appeal against the verdict in December 2000

1998

From February 1998, Al-Fayed maintained that the crash was a result of a conspiracy, and later contended that the crash was orchestrated by MI6 on the instructions of Prince Philip, Duke of Edinburgh

1997

Diana was hosted by Al-Fayed in the south of France in the summer of 1997, with her two sons, the Princes William and Harry

1994

In 1994, in what became known as the cash-for-questions affair, Fayed revealed the names of MPs he had paid to ask questions in parliament on his behalf, but who had failed to declare their fees

1988

During this period, from 1988 to February 1998, Al-Fayed's spokesman was Michael Cole, a former BBC journalist, although Cole's PR work for Al-Fayed did not cease in 1998

1987

"Fayed set up the Al Fayed Charitable Foundation in 1987 aiming to help children with life-limiting conditions and children living in poverty

1986

Al-Fayed and Dodi first met Diana and Charles when they were introduced at a polo tournament in July 1986, that had been sponsored by Harrods

1985

In 1985, he and his brothers bought the remaining 70 percent of House of Fraser for £615m

1984

In 1984, Fayed and his brothers purchased a 30 percent stake in House of Fraser, a group that included the famous London store Harrods, from Roland 'Tiny' Rowland, the head of Lonrho

1980

Diana was an international celebrity and a frequent visitor to Harrods in the 1980s

1979

In 1979, Fayed bought The Ritz hotel in Paris, France for US$30 million

1975

He briefly joined the board of the mining conglomerate Lonrho in 1975 but left after a disagreement

1972

In 1972, Fayed purchased the Balnagown estate in Easter Ross, Northern Scotland

1970

Some time in the early 1970s, he began using "Al-Fayed" rather than "Fayed"

1968

Fayed set up IMS (International Marine Services) in 1968 in Dubai

1966

He also became a financial adviser to the then Sultan of Brunei Omar Ali Saifuddien III, in 1966

1964

Around 1964 Fayed entered a close relationship with Haitian leader François Duvalier, known as 'Papa Doc' Duvalier, and became interested in the construction of a Fayed-Duvalier oil refinery in Haiti

1961

Lady Diana Spencer was born in 1961, and married the heir to the British throne, Charles, Prince of Wales, in 1981, becoming the Princess of Wales

1960

In the mid 1960s, Fayed met the ruler of Dubai, Sheikh Rashid al Makhtoum who entrusted Fayed with helping transform Dubai

1954

He was married for two years, from 1954 to 1956, to Samira Khashoggi

1929

He was born Mohamed Fayed on 27 January 1929, in Bakos, Alexandria, Egypt, the eldest son of an Egyptian primary school teacher

20

Al-Fayed has invested more than £20 million in the estate, restored the 14th century pink Balnagown Castle, and created a tourist accommodation business

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