Profile: Mohamed Abdel Moneim Al-Fayed

D.O.B:                 27 January 1929 (age 87) Alexandria, Egypt

Residence:         Geneva, Switzerland

Nationality:        Egyptian

Occupation:       Chairman of Hôtel Ritz Paris

Net worth:          Increase US$2.0 billion (2015)

Religion:              Sunni Islam

Spouse(s):          Samira Khashoggi (1954–1956) Heini Wathén (1985–present)

Children:             Dodi Fayed, Jasmine Fayed, Karim Fayed, Camilla Fayed and Omar Fayed

Mohamed Abdel Moneim Al-Fayed was born on January 27th, 1929, and is an Egyptian business mandate and a multimillionaire. He owns multiple businesses including the Hôtel Ritz Paris and formerly Harrods Department StoreKnightsbridge. In 2013, Al-Fayed sold his ownership of Barclays Premier League Club, Fulham F.C. to Shahid Khan, who owns the NFL’s Jacksonville Jaguars.

Al-Fayed’s networh was estimated to be at US$1.4 billion, making him the 1,031st-richest person in the world in 2013.

His late wife, Samira Khashoggi, passed away in a fatal car crash with Diana, Princess of Wales and driver Henri Paul on 31 August 1997. In 1985, Fayed married Finnish socialite Heini Wathén, who is also a former model.

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Early life

Al-Fayed was born and raised in Alexandria, Egypt and was the eldest son of a primary school teacher.  Younf Mohamed was hungry for success, so he started his first entrepreneurial venture selling home-made lemonade at the primary school.

From 1954 to 1956, he was married to Samira Kashoggi, whose car accident lead to her tragic death. Samira’s family had a business as they dealt with Saudi Arabian arms where Al-Fayed worked at, alongside with Adnan Khashoggi, Samira’s brother.

Mohamed gave himself, as well as his two brothers, Ali and Sakeh, the title “Al-Fayed”, since the early 1970s. He also claimed to have come from a town named Fayed after his family.

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Philanthropy

The AlFayed Charitable Foundation was set up in 1987, with the sole aim of helping children suffering from life-threatening illnesses or living in poverty.

The foundation basically joins forces with other charities and hospices for handicap and neglected children in Thailand, England and Mongolia.

AL Faye also bought Princess Diana’s old boarding school in Kent and later found the New School at West Health for traumatized children.

Sale of Harrods

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On May 10th 2010, Harrods was sold for £1.5 billion to Qatar Holdings, the sovereign wealth fund of the emirate of Qatar. On the night before the big sale Fayed said 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.”

Business interests

Al-Fayed’s business interests include:

Al-Fayed’s business purchases also include:

  • Ritz Hotel Paris (1979,GB£10 million)
  • House of Fraser Group, includingHarrods (1985, £615 million; sold 2010, £1.5 billion).
  • Fulham(1997, £30 million;sold in 2013)
  • Shortly after the tragic death ofWallis Simpson, Mohamed took over the lease of the Villa Windsor in Paris, the former home of the Duchess of Windsor and her husband, the Duke of Windsor, previously Edward VIII.

 

 

 

 

 

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