Mohamed al-Fayed, the Egyptian tycoon known for his ownership of Harrods department store and the Fulham Football Club, passed away on August 30 at the age of 94.
What Happened: The death was announced by a family statement issued through the Fulham Football Club, a team previously owned by Al-Fayed. More details regarding his passing were not immediately available, The Washington Post reported.
Born in Egypt, Al-Fayed became a prominent figure in Britain, where he was seen as both an inspirational empire-builder and a controversial figure. His vast holdings included the iconic Harrods department store, and he was known for his belief in a conspiracy surrounding the death of his son Dodi and Princess Diana.
Al-Fayed’s wealth was estimated at $2 billion by Forbes in 2022. Despite the controversies surrounding him, his influence on London’s life and economy, particularly through the influx of Arab money, was undeniable.
Al-Fayed’s life was marked by both his notable achievements and his eccentricities. His ownership of the Fulham Football Club was highlighted by his decision to erect a statue of his late friend Michael Jackson outside the stadium in 2011.
Despite his significant contributions and wealth, Al-Fayed’s attempts at gaining British citizenship were consistently denied, likely due to his public feuds and controversial statements.
Read Next: One company you can invest in is revolutionizing the $16.4 billion influencer marketing space. It allows anyone to make money by promoting businesses to their friends on social media.
Photo by Featureflash Photo Agency on Shutterstock
Engineered by Benzinga Neuro, Edited by Navdeep Yadav
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.