Discovering the Rich and Famous: Mohamed Al-Fayed’s Journey to Wealth
Mohamed Al-Fayed, the father of Princess Diana’s boyfriend, Dodi Fayed, was a really wealthy man before he passed away in August 2023. Some even thought he was as rich as a king. He was a smart businessman and, at times, seen as a tricky person in the TV show The Crown when they talked about Princess Diana and Dodi Fayed’s relationship.
Al-Fayed made a lot of money on his own. People often questioned his life story, saying he lied about his birth year, earning him the nickname “Phony Pharaoh.” He tried many times to become a citizen of Britain, but they always said no. He thought it was because of racism from rich people and the government in Britain.
He once said, “It’s like a fantasy from when countries used to have colonies and empires. If you come from a place that was once a colony, like Egypt was, people might think you’re not important. So, you try to show them that you’re better. You do things that everyone talks about. And they think, ‘How did he do that? He’s just from Egypt.'”
When Al-Fayed passed away, Forbes estimated his net worth at about $2 billion.
Al-Fayed started by selling sodas and sewing machines in Egypt. With his brothers, he started a shipping company in Egypt and invested in other shipping companies in the Middle East and Italy. This is how he made a lot of money.
After an unsuccessful attempt to build an oil refinery in Haiti, Al-Fayed moved to London. There, he helped people in the real estate business get jobs in Dubai. In 1966, he worked as a financial adviser for the leader of Brunei at that time.
Using the money he earned from buying and selling properties, Al-Fayed bought the famous Ritz hotel in Paris for $30 million in 1979. Later, he teamed up with his brothers to get a stake in House of Fraser, the parent company of Harrod’s, a high-end British retailer. Eventually, he bought the whole company.
In 1997, Al-Fayed bought the Fulham Football Club. He sold Harrod’s in 2010 for £1.5 billion ($1.86 billion) and Fulham in 2023 for $300 million.
Now, about Dodi Fayed—Mohamed Al-Fayed’s son. Dodi didn’t sell Harrods; his father did. Dodi’s net worth at the time of his death isn’t known, but he enjoyed a lavish lifestyle, receiving a monthly allowance from his father, reported to be around £400,000.
Dodi, a playboy and film producer, spent much of his life in the shadow of his wealthy father. Despite his father’s fortune, Dodi was reportedly a big spender and faced legal issues, owing money for unpaid rent, taxes, and extravagant purchases.
Born into a billionaire family, Dodi’s personal net worth isn’t clear. Some sources suggest he exaggerated his wealth. He wasn’t a director but worked as an executive producer for Allied Stars, his family’s film production company. Dodi won an Oscar for the film “Chariots of Fire,” awarded Best Picture.
Despite his financial privileges, Dodi’s spending habits and struggles painted a complex picture. In the world of the rich and famous, wealth doesn’t always guarantee a smooth or worry-free life. This information is credited to Parade as the original source.
https://parade.com/celebrities/mohamed-fayed-net-worth?utm_source=pushly