Al Fayed (seen left in photo) owned Harrods, purchasing the London department store in 1985. He also purchased the Ritz Hotel in 1979. Along with owning Fulham Football Club between 2007 and 2013, before selling it to Shahid Khan.
Paying tribute to Mr Al Fayed, Fulham FC released this official statement on their social media accounts.
"Mrs Mohamed Al Fayed, her children and grandchildren wish to confirm that her beloved husband, their father and their grandfather, Mohamed, has passed away peacefully of old age on Wednesday August 30 2023", the club wrote. "He enjoyed a long and fulfilled retirement surrounded by his loved ones. The family have asked for their privacy to be respected at this time".
In a separate tribute to Al Fayed, Shahid Khan wrote, "On behalf of everyone at Fulham Football Club, I send my sincere condolences to the family and friends of Mohamed Al Fayed upon the news of his passing at age 94".
"The story of Fulham cannot be told without a chapter on the positive impact of Mr Al Fayed as chairman", he continued. "His legacy will be remembered for our promotion to the Premier League, a Europa League Final, and moments of magic by players and teams alike".
"I always enjoyed my time with Mr Al Fayed, who was wise, colourful and committed to Fulham, and I am forever grateful for his trust in me to succeed him as chairman in 2013. I join our supporters around the world in celebrating the memory of Mohamed Al Fayed, whose legacy will always be at the heart of our tradition at Fulham Football Club".
Mohamed Al Fayed's son Dodi died in a car crash alongside Princess Diana in Paris in 1997. In the subsequent years, Mohamed Al Fayed had alleged that his son was murdered as part of a plot from the British Establishment.
Along with a highly prosperous career in business, Mohamed Al Fayed was also a philanthropist, who set up a foundation to help children in the UK, Mongolia, and Thailand.
