Current:Home > InvestMohamed Al Fayed, whose son Dodi was killed in 1997 crash with Princess Diana, dies at 94 -WealthRoots Academy
Mohamed Al Fayed, whose son Dodi was killed in 1997 crash with Princess Diana, dies at 94
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 17:04:26
LONDON — Mohamed Al Fayed, former owner of the famed Harrods department store in London whose son was killed in a car crash with Princess Diana, has died, his family said Friday. He was 94.
Al Fayed, a self-made Egyptian businessman who also once owned the Fulham Football Club, was devastated by the death of son Dodi Fayed in the car crash in Paris with Princess Diana 26 years ago. He spent the rest of his life mourning the loss and fighting the British establishment he blamed for their deaths.
"Mrs Mohamed Al Fayed, her children and grandchildren wish to confirm that her beloved husband, their father and their grandfather, Mohamed, has passed away peacefully of old age on Wednesday August 30, 2023," his family said in a statement released by the Fulham club. "He enjoyed a long and fulfilled retirement surrounded by his loved ones."
Al Fayed was convinced that Dodi and Diana were killed in a conspiracy masterminded by Prince Philip, the husband of Queen Elizabeth II. He maintained the royal family arranged the accident because they did not like Diana dating an Egyptian.
Al Fayed claimed that Diana was pregnant and planning to marry Dodi and that the royal family could not countenance the princess marrying a Muslim.
In 2008, Al Fayed told an inquest the list of alleged conspirators included Philip, then Prince Charles, former Prime Minister Tony Blair, Diana's sister Sarah McCorquodale, two former London police chiefs and the CIA. The inquest concluded that Diana and Dodi died because of the reckless actions of their driver and paparazzi chasing the couple.
Mohamed Al Fayed was the former owner of the major department store Harrods
Born on Jan. 27, 1929, in Alexandria, Egypt, Al Fayed was the son of a school inspector who began his business career with interests in shipping. He moved to Britain in the 1960s to set about building an empire.
He seemed to thrive on the limelight. Al Fayed hit the headlines in the 1980s as he battled with rival tycoon "Tiny" Rowland over control of the House of Fraser group, which included Harrods.
Al Fayed and his brother bought a 30% stake in House Of Fraser from Rowland in 1984, and took control of Harrods for 615 million pounds the following year. That transaction put him in conflict with British authorities. The Department of Trade and Industry investigation into the purchase found that the brothers had "dishonestly misrepresented their origins, their wealth, their business interests and their resources.''
Al Fayed applied for British citizenship, but his application was rejected in both 1995 and 1998.
The Sunday Times Rich List, which documents the fortunes of Britain's wealthiest people, put the family's fortune at 1.7 billion pounds ($2.1 billion) this year, making Al Fayed the 104th richest person in Britain.
'The Crown' Season 5 fact check:Historian explains what really happened with Diana and Charles
veryGood! (12)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Sister Wives’ Janelle Brown Marks Rare Celebration After Kody Brown Split
- Sister Wives’ Janelle Brown Marks Rare Celebration After Kody Brown Split
- 43 monkeys escape from a South Carolina medical lab. Police say there is no serious danger
- The company planning a successor to Concorde makes its first supersonic test
- Jennifer Lopez appears 'Unstoppable' in glam press tour looks: See the photos
- Hollywood’s Favorite Leg-Elongating Jeans Made Me Ditch My Wide-Legs Forever—Starting at Only $16
- Jewish students attacked at DePaul University in Chicago while showing support for Israel
- The Grammy nominee you need to hear: Esperanza Spalding
- Barstool Sports’ Dave Portnoy Slams Zach Bryan in Diss Track After Brianna LaPaglia Split
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Jury convicts man of killing girlfriend and hiding her body in rural Minnesota
- Sean “Diddy” Combs’ Son King Combs Takes Over His Social Media to “Spread Good Energy”
- GOP flips 2 US House seats in Pennsylvania, as Republican Scott Perry wins again
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Ruby slippers from 'The Wizard of Oz' recovered after 2005 theft are back in the spotlight
- Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels
- YouTuber known for drag race videos crashes speeding BMW and dies
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Inside BYU football's Big 12 rise, from hotel pitches to campfire tales to CFP contention
Text of the policy statement the Federal Reserve released Thursday
Ravens to debut 'Purple Rising' helmets vs. Bengals on 'Thursday Night Football'
New data highlights 'achievement gap' for students in the US
Hurricane Rafael storms into Gulf after slamming Cuba, collapsing power grid
Cole Leinart, son of former USC and NFL QB Matt Leinart, commits to SMU football
Who are the billionaires, business leaders who might shape a second Trump presidency?