Mohamed Al Fayed
World’s Richest Arabs 2022

Mohamed Al Fayed

Middle East Rank: 11
Global Rank #: 1445
Net Worth 2022: $2.1B
Change: +$300M
Age : 93
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.