Mohamed Al-Fayed
Businessman
Mohamed Al-Fayed
Mohamed Abdel Moneim Al-Fayed is an Egyptian businessman. Amongst his business interests are ownership of the English Premiership football team Fulham Football Club, Hôtel Ritz Paris and formerly Harrods Department Store, Knightsbridge. Fayed has three siblings: Ali, Salah, and Safia; and married Finnish socialite and former model Heini Wathén in 1985, with whom he had four children: Jasmine, Karim, Camilla, and Omar; and three grandchildren.
Biography
Mohamed Al-Fayed's personal information overview.
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News
News abour Mohamed Al-Fayed from around the web
Back to the Future: Love Trumps All
Huffington Post - over 1 year
Huffington Post needs this brilliant satire by Heather Frank. "Back to the Future screenwriter Bob Gale has revealed that Donald Trump was the inspiration for Marty McFly's arch nemesis Biff Tannen."-- Variety, October 21, 2015 Now that Trump has virtually joined the cast, I wonder what might have happened if his Princess Diana blast from the past fantasy had actually come true? It could have been huge... Sitting in their rustic living room with the world's most powerful couple at their iconic Double D farm, it's impossible to believe that Donald and Diana Trump almost didn't happen. But it's true. Now, for the first time, the Trumps reveal the truth about the first moments of their fairy tale love story, exclusively to Medium. "When Charles and I finally divorced in August 1996, the last thing on my mind was remarriage," says Mrs. Trump, gazing up at her husband with her unmistakable, steady blue eyes. "Of course, I had known and admired Donald for ages, but the timing j ...
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Huffington Post article
Egyptian Minister: There Are No Red Lines, Only Yellow Ones
Huffington Post - about 2 years
By Courtney C. Radsch/CPJ Advocacy Director After a series of high-level meetings to discuss press freedom concerns with Egyptian officials in Cairo earlier this month, it was heartening to hear that journalists Mohamed Fadel Fahmy and Baher Mohamed had been granted bail after more than 400 days in prison. The Al-Jazeera case had become a headache for President Abdel-Fattah el-Sisi, attracting international condemnation as the country seeks foreign investment and prepares for elections. A new law allowing foreigners to serve sentences or be retried in their home country also prompted public indignation over unequal treatment. The legislation allowed for the deportation to Australia of Al-Jazeera journalist, Peter Greste. His colleague Fahmy, an Egyptian-Canadian, had renounced his Egyptian citizenship in the hope of an early release. "Being an Egyptian should be a privilege not a punishment," Mohamed Fayek, head of Egypt's National Council for Human Rights, said, ...
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Huffington Post article
Martin Jol fired by Fulham
Yahoo News - about 3 years
With Fulham in the drop zone and showing no signs of improvement, the club has parted ways with manager Martin Jol. Martin Jol has been sacked by Fulham following Saturday's embarrassing 3-0 beating at the hands of West Ham United. New owner Shahid Khan, who took over the club from longtime owner Mohamed Al-Fayed this summer, has given Jol plenty of time to work his way out of a bad run of form. After five straight Premier League losses, Khan decided enough was enough, though he was certainly gracious in his comments on the club website.
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Yahoo News article
Soccer-Fulham to remove Michael Jackson statue
Yahoo News - over 3 years
LONDON, Sept 20 (Reuters) - A controversial statue of the late pop star Michael Jackson will be removed from outside Fulham's Craven Cottage ground after fans complained it made the Premier League club look like a laughing stock. The statue was erected behind the Hammersmith stand by former owner Mohamed Al Fayed in 2011, two years after the singer's death at the age of 50 from an overdose of a surgical anaesthetic and other sedatives. ...
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Yahoo News article
Khan vows to build on Al Fayed's work at Fulham
Fox News - over 3 years
Fulham's new owner Shahid Khan vowed to build on the foundations left by Mohamed Al Fayed as the Pakistan-born billionaire arrived at Craven Cottage for the first time on Saturday following his takeover. Khan, who also owns NFL team Jacksonville Jaguars, struck an agreement with Al Fayed on Friday that put the Premier Leage club under new ownership for the first time in 16 years. The 62-year-old is reported to have paid around ??150 million for 100 per cent control and he met the media for the first time on Saturday. Khan was quick to pay tribute to Al Fayed, but also made it clear he believes there is more to achieve for a club who finished 12th in the Premier League last season and reached the Europa League final in 2010 "There's a great leadership here and I have a lot to learn. But I'll give the team all the support it needs to be successful on the pitch," Khan said. "We have to respect history. I am going to listen to the fans and decide, but we have to make sure it (the club ...
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Fox News article
What has former Harrods owner sold?
CNN - over 3 years
Fulham became the sixth soccer team in England's Premier League to fall into U.S. ownership when the charismatic Mohamed Al Fayed sold the club to billionaire and N.F.L. owner Shahid Khan.
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CNN article
NFL owner buys English soccer team
CNN - over 3 years
Fulham became the sixth soccer team in England's Premier League to fall into U.S. ownership when the charismatic Mohamed Al Fayed sold the club to billionaire and N.F.L. owner Shahid Khan.
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CNN article
The Valentino Buyout Reveals Everything You Need To Know About The Future Of The Fashion Industry
Business Insider - over 4 years
The news that Valentino have been bought by Mayhoola, an investment group thought to be backed the Qatari Royal family, is the sign of a trend in fashion finance. It follows recent rumours that Doctor Martens are being bought by Russian tycoon Mikhail Fridman, and his investment fund Pamplona Capital, as well as Cerruti and Gianfranco Ferre being snapped up by retail groups over the last couple of years. The Qatari Royal family might have even started this by buying Harrods from Mohamed Al-Fayed in 2010. This deal certainly makes sense in the fashion world. Valentino is a couture house and so – like the rest of couture – has a significant proportion of its clientele now in the Middle East. With these buy-outs more and more frequent, some work better than others. P ringle of Scotland, bought by the Hong Kong-based Fang brothers in 2000, posted losses of $7.2 million for 2011, and ex-Balenciaga designer Alistair Carr – a much-heralded appointment – lasted less than a year as des ...
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Business Insider article
Mohamed Al Fayed launches attack on Premier League referees
Daily Mail (UK) - almost 5 years
Fulham chairman Mohamed Al Fayed has launched a scathing attack on referees, claiming they are influenced by 'the more powerful Premier League clubs'.
Article Link:
Daily Mail (UK) article
Fulham Chairman Says League 'in Coma' Over Bad Officials
NYTimes - almost 5 years
Outspoken Fulham Chairman Mohamed Al Fayed has slammed the Premier League and its officials after a series of controversial incidents involving the London club and others in recent weeks.
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NYTimes article
Mohamed Al Fayed blasts Mark Hughes
Daily Mail (UK) - over 5 years
Fulham chairman <a class="fplink fp-200045" href="/mohamed+al+fayed">Mohamed Al-Fayed</a> has criticised former manager <a class="fplink fp-588765" href="/mark+hughes">Mark Hughes</a>, labelling him a 'strange man' and a 'flop'. Hughes claimed Fulham lacked ambition after leaving in the summer.
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Daily Mail (UK) article
Last night's TV: Diana: the truth about her final days - Irish Independent
Google News - over 5 years
Mohamed Al-Fayed was shown as an evil genius, cackling loudly with malicious pleasure every time a picture of his son and Diana appeared in the papers. It was enjoyably over-the-top, although the real Al-Fayed made an appearance too, and came across as
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Google News article
Timeline
Learn about memorable moments in the evolution of Mohamed Al-Fayed
    LATE_ADULTHOOD
  • 2014
    Age 81
    He moored a yacht in Monaco called the Sokar prior to selling it in 2014.
    More Details Hide Details After previously denying that Harrods was for sale, Harrods was sold to Qatar Holdings, the sovereign wealth fund of the emirate of Qatar, on 10 May 2010. A fortnight previously, Fayed had stated that "People approach us from Kuwait, Saudi Arabia, Qatar. Fair enough. But I put two fingers up to them. It is not for sale. This is not Marks and Spencer or Sainsbury's. It is a special place that gives people pleasure. There is only one Mecca."
  • 2013
    Age 80
    In July 2013, it was announced that Al-Fayed had sold the club to American businessman Shahid Khan, who owns the NFL's Jacksonville Jaguars. Lady Diana Spencer was born in 1961, and married the heir to the British throne, Charles, Prince of Wales, in 1981, becoming the Princess of Wales.
    More Details Hide Details Diana was an international celebrity and a frequent visitor to Harrods in the 1980s. Al-Fayed and Dodi first met Diana and Charles when they were introduced at a polo tournament in July 1986, that had been sponsored by Harrods.
    The statue was removed by the club's new owners in 2013; Al-Fayed blamed the club's subsequent relegation from the Premier League on the 'bad luck' brought by its removal.
    More Details Hide Details Al-Fayed then donated the statue to the National Football Museum.
    Al-Fayed sold his ownership of Fulham F.C. to Shahid Khan in 2013.
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  • 2011
    Age 78
    Under Al-Fayed Fulham F.C. was owned by Mafco Holdings, based in the tax haven of Bermuda. Mafco Holdings is owned by Al-Fayed and his family. By 2011, Al-Fayed had loaned Fulham F.C. £187 million in interest free loans.
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    A statue of the American entertainer Michael Jackson was unveiled by Al-Fayed in April 2011 at Craven Cottage In 1999 Jackson had attended a league game against Wigan Athletic at the stadium.
    More Details Hide Details Following criticisms of the statue, Al-Fayed said "If some stupid fans don't understand and appreciate such a gift this guy gave to the world they can go to hell. I don't want them to be fans."
  • 2009
    Age 76
    In 2009 Al-Fayed revealed that he was in favour of a wage cap for footballers, and criticised the management of The Football Association and Premier League as "run by donkeys who don't understand business, who are dazzled by money."
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    Fulham reached the final of the 2009–10 UEFA Europa League and continued to play in the Premiership throughout Al-Fayed's tenure as owner (which ended in 2013).
    More Details Hide Details Fulham temporarily left Craven Cottage while it was being upgraded to meet modern safety standards. There were fears that Fulham would not return to the Cottage, after it was revealed that Al-Fayed had sold the first right to build on the ground to a property development firm.
    In 2009, Al-Fayed revealed that he was a supporter of Scottish independence from the United Kingdom, announcing to the Scots that "It's time for you to waken up and detach yourselves from the English and their terrible politicians whatever help is needed for Scotland to regain its independence, I will provide it when you Scots regain your freedom, I am ready to be your president."
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  • 2008
    Age 75
    The jury verdict, given on 7 April 2008, was that Diana and Dodi had been "unlawfully killed" through the grossly negligent driving of chauffeur Henri Paul, who was intoxicated, and the pursuing vehicles.
    More Details Hide Details Lawyers for Al-Fayed also accepted that there was no evidence to support the assertion that Diana was illegally embalmed in order to cover up a pregnancy, a "pregnancy" which they accepted, could not be established by any medical evidence. They also accepted that there was no evidence to support the assertion the French emergency and medical services had played any role in a conspiracy to harm Diana. Following the Baker inquest, Al-Fayed said that he was abandoning his campaign to prove that Diana and Dodi were murdered in a conspiracy, and said that he would accept the verdict of the jury. Al-Fayed financially supported Unlawful Killing (2011), a documentary film accused of presenting his version of events. The film was not formally released as a result of legal problems. Al-Fayed's business interests include: Al-Fayed's major business purchases have included:
    As an Egyptian with links to Scotland, Al-Fayed was intrigued enough to fund a 2008 reprint of the 15th century chronicle Scotichronicon by Walter Bower.
    More Details Hide Details The Scotichronicon describes how Scota, a sister of the Egyptian Pharaoh Tutankhamen, fled her family and landed in Scotland, bringing with her the Stone of Scone. According to the chronicle, Scotland was later named in her honour. The tale is disputed by modern historians. Al-Fayed later declared that "The Scots are originally Egyptians and that's the truth."
  • 2004
    Age 71
    Fulham lost a legal case against former manager Tigana in 2004 after Al-Fayed had wrongly alleged that Tigana had overpaid more than £7m for new players and had negotiated transfers in secret.
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  • 2003
    Age 70
    In 2003, Fayed moved from Surrey, UK to Switzerland, alleging a breach in an agreement with Inland Revenue.
    More Details Hide Details In 2005, he moved back to Britain, saying that he "regards Britain as home".
  • 2002
    Age 69
    The Highlands of Scotland tourist board awarded Al-Fayed the "Freedom of the Highlands" in 2002, in recognition of his "outstanding contribution and commitment to the highlands."
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  • 2001
    Age 68
    In 2001, Fulham took the First Division (now Football League Championship) under manager Jean Tigana, winning 100 points and scoring over 100 goals in the season.
    More Details Hide Details This meant that Al-Fayed had achieved his objective of Fulham being a Premiership club a year ahead of schedule. By 2002, Fulham were competing in European football, winning the Intertoto Cup and challenging in the UEFA Cup.
  • 1997
    Age 64
    Hamilton's libel action related to a Channel 4 Dispatches documentary broadcast on 16 January 1997 in which Al-Fayed made claims that the MP had received up to £110,000 in cash and received other gratuities for asking parliamentary questions.
    More Details Hide Details Hamilton's basis for his appeal was that the original verdict was invalid because Al-Fayed had paid £10,000 for documents stolen from the dustbins of Hamilton's legal representatives by Benjamin Pell, also known as 'Benjy the Binman'.
  • 1996
    Age 63
    Diana and Charles divorced in 1996.
    More Details Hide Details Diana was hosted by Al-Fayed in the south of France in the summer of 1997, with her two sons, the Princes William and Harry. For the holiday, Fayed bought a 195 ft yacht, the Jonikal (later renamed the Sokar). Dodi and Diana later began a private cruise on the Jonikal and paparazzi photographs of the couple in an embrace were published. Diana's friend, the journalist Richard Kay, confirmed that Diana was involved in "her first serious romance" since her divorce. Dodi and Diana went on a second private cruise on the Jonikal in the third week of August, and returned from Sardinia to Paris on 30 August. The couple privately dined at the Ritz later that day, after the behaviour of the press caused them to cancel a restaurant reservation, they then planned to spend the night at Dodi's apartment near the Arc de Triomphe. In an attempt to deceive the paparazzi, a decoy car left the front of the hotel, while Diana and Dodi departed at speed in a Mercedes-Benz W140 driven by chauffeur Henri Paul from the rear of the hotel. Five minutes later, the car crashed in the Pont de l'Alma tunnel, killing Paul and Dodi. Diana died later in hospital. Fayed arrived in Paris the next day, and viewed Dodi's body, which was returned to Britain for an Islamic funeral.
  • 1994
    Age 61
    In 1994, in what became known as the cash-for-questions affair, Fayed revealed the names of MPs he had paid to ask questions in parliament on his behalf, but who had failed to declare their fees.
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  • FIFTIES
  • 1988
    Age 55
    During this period, from 1988 to February 1998, Al-Fayed's spokesman was Michael Cole, a former BBC journalist, although Cole's PR work for Al-Fayed did not cease in 1998.
    More Details Hide Details Hamilton lost a subsequent libel action against Al-Fayed in December 1999 and a subsequent appeal against the verdict in December 2000. The former MP has always denied that he was paid by Al-Fayed for asking questions in parliament.
  • 1985
    Age 52
    In 1985, he and his brothers bought the remaining 70 percent of House of Fraser for £615m.
    More Details Hide Details Rowland claimed the Fayed brothers had lied about their background and wealth and put pressure on the government to investigate them. A Department of Trade and Industry (DTI) inquiry into the Fayeds was launched. The DTI's subsequent report was critical, but no action was taken against the Fayeds, and while many believed the contents of the report, others felt it was politically motivated. In 1998, Rowland accused Fayed of stealing papers and jewels from his Harrods safe deposit box. Fayed was arrested, but the charges were dropped. Rowland died in 1998. Fayed settled the dispute with a payment to his widow; he also sued the Metropolitan Police for false arrest in 2002, but lost the case. In 1994, House of Fraser went public, but Fayed retained private ownership of Harrods. He relaunched the humour publication Punch in 1996 but it folded again in 2002. Al Fayed unsuccessfully applied for British citizenship twice – once in 1994 and once in 1999. It was suggested that the feud with Rowland contributed to Fayed's being refused British citizenship the first time.
    Fayed married Finnish socialite and former model Heini Wathén in 1985, with whom he has four children: Jasmine, Karim, Camilla, and Omar.
    More Details Hide Details In 2013, Fayed's wealth was estimated at US$1.4 billion, making him the 1,031st-richest person in the world in 2013. Born on 27 January 1929 in Bakos, Alexandria, Egypt, as the eldest son of an Egyptian primary school teacher, Fayed's first entrepreneurial venture began at school where he sold home-made lemonade.
  • 1984
    Age 51
    In 1984, Fayed and his brothers purchased a 30 percent stake in House of Fraser, a group that included the famous London store Harrods, from Roland 'Tiny' Rowland, the head of Lonrho.
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  • FORTIES
  • 1975
    Age 42
    He briefly joined the board of the mining conglomerate Lonrho in 1975 but left after a disagreement.
    More Details Hide Details In 1979, Fayed bought The Ritz hotel in Paris, France for US$30 million.
  • THIRTIES
  • 1966
    Age 33
    He also became a financial adviser to the then Sultan of Brunei Omar Ali Saifuddien III, in 1966.
    More Details Hide Details Fayed set up IMS (International Marine Services) in 1968 in Dubai.
  • 1964
    Age 31
    Fayed and his brothers founded a shipping company in Egypt before moving its headquarters to Genoa, Italy with additional offices in London. Around 1964 Fayed entered a close relationship with Haitian leader François Duvalier, known as 'Papa Doc' Duvalier, and became interested in the construction of a Fayed-Duvalier oil refinery in Haiti.
    More Details Hide Details He also associated with the geologist George de Mohrenschildt. Fayed terminated his stay in Haiti six months later when a sample of "crude oil" provided by Haitian associates proved to be low-grade molasses. It was then that Fayed moved to England where he lived in central London. In the mid 1960s, Fayed met the ruler of Dubai, Sheikh Rashid al Makhtoum who entrusted Fayed with helping transform Dubai. Fayed introduced British companies like the Costain Group (of which he became a director and 30 percent shareholder), Bernard Sunley & Sons and Taylor Woodrow to the Emirate to carry out the required construction work.
  • TWENTIES
  • 1954
    Age 21
    He was married for two years, from 1954 to 1956, to Samira Khashoggi.
    More Details Hide Details Fayed worked for his wife's brother, Saudi Arabian arms-dealer and businessman, Adnan Khashoggi. Mohamed Fayed has called himself "Al-Fayed" since the early 1970s, and his two brothers, Ali and Saleh, also styled themselves "Al-Fayed" at the time of their acquisition of the House of Fraser in the 1980s, though by the late 1980s Ali and Saleh had reverted to calling themselves simply "Fayed". Fayed's addition of "Al-" to his name, which implies aristocratic origins, has led to Private Eye nicknaming him the "Phoney Pharaoh". According to his biographer Tom Bower, Fayed also claimed to have come from a town named Fayed after his family.
  • OTHER
  • 1929
    Age -4
    Born on January 27, 1929.
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