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Mohamed Al-Fayed

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2320414

Mohamed Al-Fayed

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Mohamed Al-Fayed

Mohamed Abdel Moneim Al-Fayed (/ælˈf.ɛd/; 27 January 1929 – 30 August 2023) was an Egyptian businessman. His residence and primary business interests were in the United Kingdom from the mid-1960s, and his business interests included ownership of the Hôtel Ritz Paris, Harrods department store and Fulham Football Club. At the time of his death in 2023, Forbes estimated his wealth at US$2 billion. Since his death, Al-Fayed has been accused by multiple women of sexual harassment and assault.

Fayed was married to Samira Khashoggi from 1954 to 1956. They had a son, Dodi, who was in a romantic relationship with Diana, Princess of Wales, when they both died in a car crash in Paris in 1997. Fayed claimed that the crash was orchestrated by MI6 on the instructions of Prince Philip, Duke of Edinburgh. In 2011, Fayed financially supported an unreleased documentary film Unlawful Killing, that presented his version of events.

From 1995 onwards, Fayed was the subject of media scrutiny and investigations into allegations of sexist and discriminatory practices he mandated at Harrods, of sexual harassment and assault. Early media scrutiny of sexual misconduct allegations against Al-Fayed was curtailed by his frequent threats of litigation. He developed a reputation for spending large sums on litigation against news organizations reporting on sexual assault allegations against him. In 2024, the year following his death, he became the subject of multiple posthumous accusations of rape, with over 200 women making complaints of illegal activity.

Fayed was born on 27 January 1929 in the Roshdy neighbourhood of Alexandria, in the Kingdom of Egypt, the eldest son of an Egyptian primary school teacher from Asyut. His year of birth has been disputed. The Department of Trade in 1988 found his date of birth was 27 January 1929. His brothers Ali and Salah were his business colleagues.

At the age of nineteen Al-Fayed was selling bottles of Coca-Cola on the streets of Alexandria, and sold Singer sewing machines at the age of twenty-one. In 1952 Al-Fayed was hired by a friend, Tousson El Barrawi, and the seventeen-year-old Adnan Khashoggi for their furniture import business. Al-Fayed excelled at the business and impressed Adnan's father, Mohamed Kashoggi, the personal physician of the King of Saudi Arabia. In the early 1950s Al-Fayed travelled to Europe for the first time, visiting France, Italy and Switzerland. Returning to Egypt, Al-Fayed confessed to his wife, Samira Kashoggi, Adnan Kashoggi's sister, that he had had an affair, and she demanded a divorce. Al-Fayed terminated his partnership with Adnan Kashoggi, and secretly withdrew £100,000 from Kashoggi's Al Nasr trading company. Kashoggi issued a writ against Al-Fayed for the return of the money, and later agreed with Al-Fayed to forgive the money and other loans and debts in return for Samira's freedom to remarry and return to Egypt. Following Egyptian President Nasser's threats to expropriate foreign businesses, Al-Fayed was able to take control of a small shipping company, owned by Leon Carasso, who wished to emigrate. Carasso later claimed that Al-Fayed had defaulted on the agreed payment for his business. Fayed also acquired interests in other transport companies at favourable prices. After Nasser ordered the confiscation of Egyptian property in 1961, Al-Fayed transferred ownership of his Middle Eastern Navigation Company to Genoa in Italy.

On 12 June 1964, Al-Fayed arrived in Haiti, then under the control of François "Papa Doc" Duvalier. Al-Fayed entered the country on a Kuwaiti passport, and introduced himself as Sheikh Mohamed Fayed. Shortly after his arrival, Duvalier cancelled a ten-year contract with a U.S. company that gave them monopoly control over Haiti's oil industry and signed a similar contract with Al-Fayed for fifty years. Al-Fayed also worked with the geologist George de Mohrenschildt. He terminated his stay in Haiti six months later when a sample of "crude oil" provided by Haitian associates proved to be low-grade molasses. Al-Fayed promised to use his connections in Dubai to help bring investment to the Caribbean island, if they allowed him to build an oil refinery, and develop the wharf at Port-au-Prince. Al-Fayed had exclusive control over the collection of fees for docking, unloading, and loading at Haiti's main port, and this caused resentment in the Haitian shipping industry. Al-Fayed was 'tapped' for $30,000 by Duvalier, but rather than pay, and fearful of the growing anger of the shipping agents, he left Haiti in December 1964. Fayed later claimed that the Haitian government owed him $2 million. The 1988 Department of Trade and Industry (DTI) report on Al-Fayed's background stated "we have no doubt at all that Mohamed Fayed perpetrated a substantial deceit on the government and people of Haiti in 1964 ... he deprived the harbor authority of over US $100,000 of money it could ill-afford to lose"

Fayed then moved to England, where he lived in central London.

Ingratiating himself in London's Arab expatriate community, Al-Fayed met an Iraqi businessman, Salim Abu Alwan, and through Alwan was introduced to Mahdi Al Tajir. Tajir was then an adviser to Sheikh Rashid bin Saeed Al Maktoum of the United Arab Emirates. Rashid was the Emir of Dubai, and oil was soon to be discovered in Dubai, which would transform the wealth of the emirate.

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