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.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)