Mohamed Al-Fayed’s net worth stands at 
$2 Billion
Mohamed Al-Fayed Wiki Biography
Born on 27 January 1929, in Bakos, Alexandria, Egypt, Mohamed Al-Fayed is a renowned business magnate famous for his ownership of Hotel Ritz Paris and his past ownership of Harrods Department Store, Knightsbridge London. His business acumen has significantly contributed to his current net worth.
As of mid-2017, sources estimate Mohamed Al-Fayed’s net worth at $2 billion, achieved through various successful business ventures, making him one of the wealthiest individuals globally. In addition to his business success, he is recognized for his philanthropic endeavors. Notably, he was the previous owner of the English Premier League soccer club Fulham F.C., further solidifying his financial position.
Mohamed Al Fayed Net Worth $2 billion
Mohamed’s journey to success began humbly, with his father being a teacher. In the 1950s, he started his career working for Saudi Arabian arms dealer and businessman Adnan Khashoggi. He eventually founded a shipping company in Egypt and later moved to Italy. His interests led him to engage in the construction of an oil refinery in Haiti and establish a relationship with leader Francois “Papa Doc” Duvalier. In the mid-1960s, he relocated to England and played a vital role in aiding Dubai. He introduced various companies such as Taylor Woodrow, Costain Group, and Bernard Sunley & Sons to the country while serving as the financial advisor to the then Sultan of Brunei Omar Ali Saifuddien III. These ventures significantly contributed to the increase of his net worth. In 1968, he established International Marine Services (IMS) in Dubai.
In 1975, Fayed joined the board of the mining conglomerate Lonrho but departed due to disagreements. Four years later, he acquired The Ritz hotel in Paris for $30 million. In 1984, he, along with his brothers, purchased a stake in House of Fraser, which included the renowned London store Harrods. He acquired his brothers’ remaining shares the following year. The company went public in 1994, but Fayed retained private ownership of Harrods, steadily increasing his net worth through these investments. Harrods was eventually sold to Qatar Holdings in 2010 for 1.5 billion pounds. His other investments include the Balnagown estate in Northern Scotland, and the professional soccer club Fulham F.C., which he owned until 2013 when it was sold to businessman Shahid Khan.
On a personal note, Mohamed was previously married to Samira Khashoggi, from 1954 to 1956. In 1985, he married Heini Wathen. His son Dodi gained notoriety for his romantic involvement with Lady Diana Spencer after her divorce from Charles, Prince of Wales. Both of them tragically lost their lives in a car crash, leading to numerous conspiracy theories. Mohamed is also involved in charitable work, having established the Al Fayed Charitable Foundation, which supports children in poverty or life-limiting conditions, especially in the UK, Mongolia, and Thailand.
Mohamad was embroiled in the cash-for-questions affair in the mid-90s, through which he allegedly paid MPs to ask questions in parliament on his behalf, resulting in the resignation of Neil Hamilton and Tim Smith. Despite Hamilton’s lawsuit, he lost the case.
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