Forbes Middle East

14. Mohamed Al Fayed

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GLOBAL RANK: 1,750

NET WORTH 2021: $1.8 billion CHANGE: +$400 million AGE: 92 COUNTRY: Egypt SECTOR: Fashion & Retail

Mohamed Al Fayed was born in Alexandria, Egypt and moved in the mid-1960s to the U.K., where he made his fortune. He’s best known for being the one-time owner of London department store Harrod’s, which he sold to Qatar for a reported $2.4 billion in 2010. He owns the storied Ritz Paris hotel. After a fouryear renovation, it reopened in 2016. Suites are named after illustriou­s guests, like Coco Chanel. In 2013, Al Fayed sold Fulham Football Club to U.S. auto parts billionair­e Shahid Khan for a reported $300 million.

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