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Renowned Businessman Mohamed al-Fayed, Father of Dodi Fayed, Dies at 94

Published September 21, 2023
9 months ago

Famed businessman and billionaire, Mohamed al-Fayed, who believed in a UK establishment conspiracy surrounding the death of his son, Dodi Fayed, and the UK’s Princess Diana, has died at the age of 94, as confirmed by his family. Marked by his colorful persona and his immense wealth, the Egyptian-born mogul was a known figure in UK business and social circles.

Al-Fayed, noted for his ownership of London's Harrods department store and Fulham Football Club, was profoundly affected by the tragic Paris car crash in 1997 that took the lives of his son and Princess Diana. He devoted years to grieving their loss and accusing the UK establishment for their untimely demise.

Born in Alexandria, Egypt on January 27, 1929, al-Fayed was the son of a school inspector. After venture investments in shipping businesses in Italy and the Middle East, he relocated to the UK in the 1960s and began establishing his vast empire. As per The Sunday Times Rich List 2023, al-Fayed's family fortune stood at 1.7 billion pounds ($2.1bn), making him the 104th wealthiest person in the country.

Al-Fayed’s name first surfaced widely in the 1980s during his competition with rival businessman "Tiny" Rowland for the control of the House of Fraser group, which encapsulates Harrods in London’s Knightsbridge. Al-Fayed was further embroiled in the "cash for questions" scandal that challenged UK politics in the 1990s. He was sued for libel by MP Neil Hamilton after alleging that he had bribed Hamilton by offering money and a luxury stay at the Paris Ritz for posing specific questions in the House of Commons. Despite these allegations, a jury ruled in al-Fayed’s favor in December 1999.

Mohamed al-Fayed, a man of successes and controversies, leaves behind a significant legacy and a forever grieving family.

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