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The Life of Egyptian Billionaire Mohammed Al Fayed: From Harrods to Harrowing Loss

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Mr Hammed Al Fayed

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The 94-year life of Egyptian billionaire Mohammed Al Fayed, former owner of Harrods in England, ended on Aug. 30.

Al Fayed was born and raised in Egypt. Before building a business empire in the Middle East and immigrating to the UK in the 1970s, although he had long tried to apply for British citizenship. but still not successful

at the end of life The billionaire ponders and questions events after his son Dodi is killed in a car accident with Diana. princess of wales in Paris of France

Ten years ago, he left the spotlight of society. He lives in a Surrey mansion with his wife.

A statement issued by his family on Friday said Mr Al Fayed had passed away peacefully. Throughout his life after retirement, he was surrounded by loved ones.

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After selling Harrods to a Qatari businessman in 2010, Mr Al Fayed remained the chain’s honorary chairman for six months.

Fulham Football Club, which Mr Al Fayed had owned for many years. issued a statement that I was saddened to hear the news of his passing.

“We are also grateful for the good that Mr. Mohammed Al Fayed has done for the football club. and send his heartfelt condolences to his family and friends at this time of sorrow.”

Fulham owner Zahid Khan expressed his condolences on the club’s website. “The Fulham Football Club story would not be complete without the key moments chaired by Mr Al Fayed, whose contributions to his legacy, such as promotion to the Premier League and Europa League finals, will continue. never forget”

Retracing the path of Al Fayed’s life

Mr Al Fayed started his business by selling soft drinks on the streets of his hometown. Alexandria in Egypt before the business flourishes and grows to become a big player from his good business connections

His big turning point came when he met and married his first wife, Samira Kasoggi, sister of a wealthy Saudi arms dealer. who hired him to take care of the Saudi import business

The position paved the way for him to establish new connections in Egypt, although his marriage ended rapidly in just over two years. But he was able to start his own shipping business.

In 1966 he was appointed advisor to the Sultanate of Brunei. which is considered one of the richest people in the world He moved to England in 1974 and, five years later, together with his brother Ali, bought the Ritz Hotel in Paris for around £20 million.

In 1985, they acquired Harrods for £615 million, winning a bloody bidding war from rival Lonrho.

under his leadership Fulham Football Club can also climb from the third tier to the Premier League.

He also supports charitable causes, such as funding the Great Ormond Street Hospital and helping underprivileged children.

Mr Al Fayed established a charitable foundation in the name of his family in 1987 to help and improve the lives of young people suffering from mental pain.

The knot that never escaped from the heart

Losing his beloved son in a car accident in Paris, France, along with Diana, Princess of Wales, in 1997 turned out to be a billionaire’s nightmare. that he could never get out of this knot Until he gave a lot of effort to produce “Conspiracy theories” to prove cause of death of son

In February 2008, he presented evidence to investigators claiming that The death was at the behest of Prince Philip. Consort of Queen Elizabeth II and a covert operative of the British Secret Service (MI6).

The evidence appeared to be a conspiracy theory by the coroner, but was rejected by the jury.

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Mr Al Fayed and his wife Heini at Diana’s funeral.

during his stay in England The Egyptian billionaire made two attempts to apply for British citizenship. But until then, the survival was unsuccessful.

In 1995 he was outraged after he was denied a second application for British citizenship. He told the media that He paid two Conservative ministers, Neil Hamilton and Tim Smith, to ask questions about his interests in the House of Representatives.

The result is Both ministers were forced to resign from the government. by Mr. Hamilton who denied this allegation Also lost a defamation case against Mr Al Fayed.

besides these two Another politician, Jonathan Ekken, who served as Minister in the Prime Minister’s Office, had to resign after Al Fayed revealed that Ekken was staying for free at the Ritt Hotel. Meanwhile, the Saudi arms dealers are staying.

In 2010, Al Fayed parted ways with luxury retailer Harrods by selling it to Qatar’s sovereign wealth fund. By using more than half of the proceeds from the sale to clear the debt of his company.

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2023-09-02 09:13:53

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