Mohamed Al Fayed has a current net worth estimated at $1.4 Billion. London-based Egyptian business magnate Mohamed Al Fayed was born on January 27, 1929 in Bakos, Alexandria, Egypt as Mohamed Abdel Moneim Al-Fayed. His first entrepreneurial enterprise began at school where he sold homemade lemonade. His company interests include the ownership of the English Premiership football team Fulham Football Club, Htel Ritz Paris and formerly Harrods Department Store, Knightsbridge.
Mohamed Al Fayed Net Worth $1.4 Billion
Harrods one of the world’s biggest department stores that he commanded until 2010. He sold it to Qatar Holdings for a reported $2.4 billion and he turned his attention to on-line retail and bought UK-based discount trend web site, Cocosa, in 2011. He also acquired a controlling stake in Princess Kate Middleton’s favourite designer brand, Issa, for his daughter Camilla.
Htel Ritz Paris was closed in 2012 so he could start the building on what was billed as the greatest redo as it was constructed in 1898. The much-needed renovation is expected to survive a little more than two years and will cost $180 million. He owns a castle in Scotland and he’s a ground lease on 75 Rockefeller Plaza in nyc. He heads the Al Fayed Foundation that he set up in 1987 that plans to assist youngsters with life-limiting states and children living in poverty.