Billionaire Mohamed Al-Fayed, the father of Princess Diana’s late partner Dodi Al-Fayed, has passed away at the age of 94. The Egyptian businessman died on Friday morning and will be buried at London Central Mosque near Regents Park. Al-Fayed was the former owner of Hotel Ritz Paris, Harrods department store, and Fulham Football Club. His wealth was estimated to be $2 billion in 2023, ranking him 1,493 in the world. Al-Fayed’s family released a statement confirming his peaceful passing and requested privacy.
In a statement from Fulham Football Club, owner and chairman Shahid Khan expressed condolences to Al-Fayed’s family and friends. He highlighted Al-Fayed’s positive impact as chairman, which included promotion to the Premier League and a Europa League Final. Al-Fayed’s son, Dodi Al-Fayed, was famously the partner of Princess Diana and the pair died in a car crash in Paris in 1997.
Mohamed Al-Fayed, who was born in Alexandria, Egypt in 1929, moved to London in the 1960s and became influential in the business world. He bought The Ritz hotel in Paris in 1979, Harrods in London in 1984, and was the owner of Fulham FC from 1997 to 2013. Al-Fayed had five children and was known for his colorful personality and commitment to his various ventures.