Mohamed Al Fayed

Mohamed Al Fayed is a much renowned Egyptian business magnate who has a net worth of $1.4 billion. He heads the Al Fayed foundation and acquired much of his net worth from the ownership of Harrods, the famed departmental store and the EPL football club, Fulham FC. However, he sold the Harrods to Qatar Holdings for $2.4 billion.

Read also : The Richest People In Africa, The Richest People In Egypt

mohamed al fayed

This was quite strange considering the fact that he had always maintained that he will never sell the departmental store. Even after the takeover, Al Fayed remained the honorary chairman of Harrods for 6 months or so. In July 2013, Al Fayed sold the ownership of Fulham FC to a US businessman for an unreported sum. The London based Egyptian businessman is best known as the proud owner of Hotel Ritz in Paris. It was closed down in August 2012 for a complete overhaul and is expected to re-open sometime in 2014. The total renovation would cost a little more than $180 million. 

mohamed al fayed, richest egyptians

With regards to his family, Al Fayed is married to Heini Wathen, a Finnish model, and he has 4 children from this marriage. His first son, Dodi, is from his first marriage but he died in a car accident in Paris together with Princess Diana.

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