Current:Home > MarketsMohamed Al Fayed, whose son Dodi was killed in 1997 crash with Princess Diana, dies at 94 -MoneyStream
Mohamed Al Fayed, whose son Dodi was killed in 1997 crash with Princess Diana, dies at 94
View
Date:2025-04-14 01:27:55
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! (854)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Succession’s Alan Ruck Involved in 4-Vehicle Car Crash at Hollywood Pizzeria
- Suzanne Somers, late 'Three's Company' star, died after breast cancer spread to brain
- Officers fatally shoot knife-wielding man at a popular California restaurant after machete attack
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Anthony Albanese soon will be the first Australian prime minister in 7 years to visit China
- 2034 World Cup would bring together FIFA’s president and Saudi Arabia’s Prince Mohammed
- Oregon man sentenced for LGBTQ+ hate crimes in Idaho, including trying to hit people with car
- South Korean president's party divided over defiant martial law speech
- 3 passengers sue Alaska Airlines after off-duty pilot accused of trying to cut engines mid-flight
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- 'Yellowstone' final episodes moved to Nov. 2024; Paramount announces two spinoff series
- Usher preps for 'celebration' of Super Bowl halftime show, gets personal with diabetes pledge
- Hurricane Otis leaves nearly 100 people dead or missing in Mexico, local government says
- Trump issues order to ban transgender troops from serving openly in the military
- 'Yellowstone' final episodes moved to Nov. 2024; Paramount announces two spinoff series
- 'Paradigm' shift: Are Commanders headed for rebuild after trading defensive stars?
- The Best Gifts That Only Look Expensive But Won’t Break the Bank
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Stay in Israel, or flee? Thai workers caught up in Hamas attack and war are faced with a dilemma
With interest rates unchanged, small businesses continue to struggle: I can't grow my business
'All the Light We Cannot See' is heartening and hopeful wartime tale
A White House order claims to end 'censorship.' What does that mean?
Utah woman’s leg amputated after being attacked by her son’s dogs in her own backyard
Treasury Secretary Yellen calls for more US-Latin America trade, in part to lessen Chinese influence
21-year-old woman killed by stray bullet while ending her shift at a bar in Georgia