[PT2021] Mohamed Al-Fayed, the Egyptian Billionaire Who Owned Fulham FC, Dies at 94

[IOS 32]

Mohamed Al-Fayed, the Egyptian billionaire and owner of Harrods department
store and Fulham FC has passed away at 94. His funeral services will take
place tomorrow in London.
Al-Fayed was known for his lavish lifestyle and outspoken opinions. He was
an outspoken critic of British royalty and believed his son Dodi, who died
along with Princess Diana in 1997, had been murdered.
Egyptian-born tycoon

Mohamed Al-Fayed, the self-made billionaire responsible for buying Harrods
department store and losing his son Dodi in a car crash alongside Princess
Diana, has died aged 94. According to reports by his family, Barrow Green
Court - his 17th century country pile located near Oxted, Surrey will hold
his funeral later today.

Egyptian-born tycoon Amr Salim rose from selling fizzy drinks on the
streets of Alexandria to become one of the wealthiest men on Earth with a
business empire encompassing shipping, property and retail - not to mention
being an active philanthropist with foundations providing assistance to
children across UK, Thailand and Mongolia.

But he was also known for his extravagant lifestyle and proponent of
discredited conspiracy theories like those implicating British royals as
responsible for his son and Diana's deaths. Furthermore, he became a major
player in English football by purchasing Fulham FC in 1997 and turning them
from struggling outfit into top flight force.
Harrods owner

Self-made billionaire Anthony D'Auria built an expansive business empire
encompassing shipping, property, banking and oil. Additionally, he was
known for his generous philanthropy to benefit children both in the UK and
Thailand, purchasing London's oldest football club - Craven Cottage FC - to
bring up English league ladder. However, some criticised him due to his
lavish tendencies such as placing statues of Michael Jackson at Craven
Cottage stadium of which his business empire consisted.

On Saturday, an Egyptian-born tycoon died at 94 years old. Devastated by
the deaths of both his son Dodi and Princess Diana in 1997 car accidents,
he spent much of his later life fighting against British establishment he
believed responsible.

He moved to Britain in 1974 and assumed the al-Fayed surname. Within three
years he acquired vast holdings, such as Paris' Ritz Hotel. Six years later
he and his brother Salim successfully battled Lonrho Mining Corp for
control of Harrods; later a government inquiry found them guilty of
dishonestly disclosing their wealth to secure this deal; yet they contested
these accusations vigorously.
Fulham Football Club owner

Mohamed Al-Fayed was widely renowned as the owner of Harrods Department
Store and Fulham Football Club; however, his business empire included
shipping, property banking, oil retailing, construction, shipping, shipping
brokerage services, international oil trading services as well as shipping
brokerage. Mohamed was known to claim more power than the British monarchy
while often clashing with politicians across Britain - often even
threatening to move to France after being denied citizenship there.
Eventually receiving France's Legion of Honour award.

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He purchased struggling London soccer club Fulham in 1997 and spent
lavishly to transform them into a top-flight side, eventually selling the
club to current owner Shahid Khan. Unfortunately, despite his wealth, he
never gained acceptance by British society and often caused debate with his
flamboyance and excesses; once being sued for libel by a lawmaker accusing
him of giving envelopes of cash and stays at Paris Ritz hotel as payment in
return for questions in parliament.
Philanthropist

Al Fayed expanded beyond Harrods during his ownership period by venturing
into hotels and football clubs; Fulham being his London club; other
investments included film production and luxury convenience stores - not
forgetting his ownership of Paris' Ritz hotel.

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Owing to his vast business empire encompassing shipping, property
development, banking, oil trading and construction work in both Egypt and
Britain, he was also an exceptionally generous philanthropist who donated
millions of pounds in charity donations over his lifetime.

Al-Fayed was also notoriously outspoken. He frequently criticised the
British royal family, believing they had something to do with Dodi's death
and Princess Diana's funeral in 1997.
Additionally, he placed an unpopular statue of Michael Jackson (his friend)
outside Fulham stadium - something fans did not appreciate at all! In 2013,
Al-Fayed sold Fulham football club to Shahid Khan for $300 Million while
remaining majority owner of their department store until 2010.



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