Egyptian entrepeneur and businessman Mohamed Al-Fayed owns Harrods Department Store in London, the Hotel Ritz Paris and the Fulham Football Club, among other businesses. One of the richest men in the world, Al-Fayed is worth an estimated $7.7 billion.
On February 17, 2009, officials stated that Al-Fayed will not face sexual assault charges related to allegations surrounding a teen age girl. According to previous reports, a 15-year-old girl was kissed by Al-Fayed in his London store. Investigators say they have completed their investigation.Associated Press: Harrods owner Al Fayed won't face sex charges (February 17, 2009)
Son's Death
Mohamed Al-Fayed's son, Dodi Al-Fayed, was romantically involved with Princess Diana. The couple were killed in a fatal car crash in Paris, France on August 31, 1997. Since his son's death, Mohamed Al-Fayed has tirelessly tried to prove that both his son and Princes Diana were murdered. He has erected two monuments to the couple at Harrods.
Quotes
- "French intelligence helped the British intelligence to execute their murder. Princess Diana told me she had proof her life was in danger."
- "There was one paparazzi member in the pay of the security services, this is likely to have been James Andanson, who exacted the murder in his own Fiat, pushed the car and a strobe light having been used to blind Henri Paul."
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Mohamed Al-Fayed Timeline
1933: Born in Alexandria, Egypt
1974: Moved to Britain and added the Al- to his name, which translates to "the" Fayed
1979: Bought Hotel Ritz Paris
1985: Purchased the House of Fraser with his brother, Ali Al-Fayed
1990: Inquiry by Roland 'Tiny' Rowland made into the House of Fraser purchase. Report published stating that the Fayed brothers lied about their wealth and background.
1994: The House of Fraser went public, Al-Fayed kept ownership of Harrod's
1997: Purchased the Fulham Football Club
1997: His son, Dodi Al-Fayed, died in a car crash with Princess Diana
2003: Moved to Switzerland
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