Mohamed Al Fayed
Meet 2021’s Arab Billionaires

Mohamed Al Fayed

Middle East Rank: 14
Global Rank #: #1750
Net Worth 2021: $1.8 B
Change: + $400 M
Age : 92
Country : Egypt
Sector : Retail, investments

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 four-year 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.