His family say he “passed away peacefully of old age” on Wednesday.
Sky News understands Al Fayed was buried after Friday prayers at London Central Mosque in Regent’s Park.
The Egyptian-born businessman was best known as a former owner of the Harrods department store and Fulham football club in London.
Al Fayed’s son, the film producer Dodi Fayed, and Princess Diana died on 31 August 1997 when their car crashed in a road tunnel in Paris as they tried to outrun paparazzi photographers on motorbikes.
The news of Al Fayed’s passing comes just one day after the 26th anniversary of his son’s death.
He fought a long campaign after their deaths, alleging the crash was not an accident and that it had been orchestrated by the British security services.
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However, French police concluded it was an accident, caused in part by speeding and by the high alcohol level in driver Henri Paul’s blood. A British police investigation concurred.
Image: Dodi Fayed and Princess Diana. Pic: AP
His family said in a statement: “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 30 August, 2023.
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“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.”
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He is survived by his second wife, Finnish former model Heidi Wathen, and their four children – Jasmine, Karim, Camilla and Omar.
Al Fayed sold Harrods to Qatar Holdings in May 2010.
Three years later, he also sold Fulham FC, to the US businessman Shahid Khan.
The club paid tribute to the businessman on Friday.
His successor as owner, Mr Khan, said: “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 Al Fayed as chairman.
“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 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.”
Born in Alexandria in 1929, Al Fayed began his career selling fizzy drinks and then worked as a sewing machine salesman.
Image: From sewing machine salesman to billionaire businessman
He built his family’s fortune in real estate, shipping and construction, first in the Middle East and then in Europe.
After moving to London in the 1960s, Al Fayed soon became a friend of royals and high society and purchased high-profile businesses such as the Ritz Hotel in Paris in 1979 and Harrods in 1985.
He later bought Fulham in 1997 for £6.25m.
The Sunday Times Rich List 2021 reported Al Fayed and his family were worth around £1.7bn.
He became a friend of Princess Diana through his sponsorship of charities and events attended by Royal Family members.
He invited the princess, along with Prince William and Prince Harry, to holiday on his yacht in the summer of 1997.
Diana – who was divorced from Charles in 1992 – and Dodi were pictured together in St Tropez, sparking rumours of romance.
Image: Queen Elizabeth II with Mohamed Fayed. Pic: Shutterstock
The billionaire’s relationship with the Royal Family was recently depicted in season five of The Crown, where Al Fayed, played by Salim Daw, was seen getting to know Diana.
The sixth series of the show, set to be released this autumn, will cover Dodi and Diana’s fatal crash.
Al Fayed was regularly shrouded in controversy.
He spent 10 years trying to prove Diana and his son Dodi were murdered.
Unsupported by any evidence, according to the inquest into Diana’s death, he claimed that she was bearing Dodi’s child and accused Prince Philip, the Queen’s husband, of ordering Britain’s security services to kill her to stop her from marrying a Muslim and having his baby.
His takeover of Harrods sparked one of Britain’s most bitter business feuds, while in 1994 he caused a scandal with the disclosure that he had paid politicians to ask questions on his behalf in parliament.
He fell out with the British government over its refusal to grant him citizenship of the country that was his home for decades and often threatened to move to France, which gave him the Legion of Honour, its highest civilian award.
He has also been accused of sexual harassment by several former Harrods employees.
Image: He bought Fulham FC in 1997
At Fulham, he erected a larger-than-life, sequined statue of Michael Jackson outside Craven Cottage even though the singer only attended one match.
When people complained, he said: “If some stupid fans don’t understand or appreciate such a gift, they can go to hell.”
He also installed a bronze memorial statue of Diana and Dodi dancing beneath the wings of an albatross at Harrods.
Even his name and date of birth were contentious.
He maintained he was born in 1933 but a British government inquiry into the Harrods takeover said 1929.
He also added the al to his name when he moved to the UK, leading the satirical magazine Private Eye to nickname him the “Phoney Pharaoh”.
“Terrible”, “weird”, “peculiar” and “baffling” – some of the adjectives being levelled by observers at the Donald Trump administration’s peace plan for Ukraine.
The 28-point proposal was cooked up between Trump negotiator Steve Witkoff and Kremlin official Kirill Dmitriev without European and Ukrainian involvement.
It effectively dresses up Russian demands as a peace proposal. Demands first made by Russia at the high watermark of its invasion in 2022, before defeats forced it to retreat from much of Ukraine.
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Ukrainian support for peace plan ‘very much in doubt’
The suspicion is Mr Witkoff and Mr Dmitriev conspired together to choose this moment to put even more pressure on the Ukrainian president.
Perversely, though, it may help him.
There has been universal condemnation and outrage in Kyiv at the Witkoff-Dmitriev plan. Rivals have little choice but to rally around the wartime Ukrainian leader as he faces such unreasonable demands.
The genesis of this plan is unclear.
Was it born from Donald Trump’s overinflated belief in his peacemaking abilities? His overrated Gaza ceasefire plan attracted lavish praise from world leaders, but now seems mired in deepening difficulty.
The fear is Mr Trump’s team are finding ways to allow him to walk away from this conflict altogether, blaming Ukrainian intransigence for the failure of his diplomacy.
Mr Trump has already ended financial support for Ukraine, acting as an arms dealer instead, selling weapons to Europe to pass on to the invaded democracy.
If he were to take away military intelligence support too, Ukraine would be blind to the kind of attacks that in recent days have killed scores of civilians.
Europe and Ukraine cannot reject the plan entirely and risk alienating Mr Trump.
They will play for time and hope against all the evidence he can still be persuaded to desert the Kremlin and put pressure on Vladimir Putin to end the war, rather than force Ukraine to surrender instead.
This is the first time the G20 summit is being hosted on African soil.
Heads of state from 15 countries across Europe, Asia and South America are expected to convene in South Africa’s economic capital, Johannesburg, under the banner of “solidarity, equality and sustainability.”
The summit is facing challenges from the Oval Office as US President Donald Trump boycotts the event, where the G20 leadership is meant to be handed over to him by South African President Cyril Ramaphosa.
The US has also warned South Africa against issuing a joint declaration at the end of the summit. The challenges to South Africa’s G20debut are also domestic.
Image: Trump had a contentious meeting with Cyril Ramaphosa in the Oval Office earlier this year. File pic: AP
Nationwide civic disobedience has been planned by women’s rights charities, nationalist groups and trade unions – all using this moment to draw the government’s attention to critical issues it has failed to address around femicide, immigration and high unemployment.
But a key symbolic threat to the credibility of an African G20 summit themed around inclusivity is the continued exclusion and marginalisation of its oldest communities.
“There is a disingenuous thread that runs right through many of these gatherings, and the G20 is no different”, Khoisan Chief Zenzile tells us in front of the First Nations Heritage Centre in Cape Town, “from any of them”.
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“I am very concerned that the many marginalised sections of society – youth, indigenous people, are not inside the front and centre of this agenda,” he added.
Image: Khoisan Chief Zenzile says land developments on indigenous land are the ‘most ridiculous notion’
As we speak, the sounds of construction echo around us. We are standing in a curated indigenous garden as South Africa’s Amazon headquarters is being built nearby.
After years of being sidelined by the government in a deal that centres around construction on sacred Khoisan land, Chief Zenzile said he negotiated directly with the developers to build the heritage centre and sanctuary as a trade-off while retaining permanent ownership of the land.
“There are many people who like to fetishise indigenous people who want to relegate us to an anthropoid state, as if that is the only place we can, as if we don’t have the tools to navigate the modern world,” he says when I ask about modern buildings towering over the sacred land.
“That is the most ridiculous notion – that the entire world must progress and we must be relegated to a state over which we have no agency.”
An hour and a half from Cape Town’s centre, Khoi-San communities have seized 2,000 hectares of land that they say historically belongs to them.
Knoflokskraal is a state where they exercise full agency – filling in the infrastructural gaps around water and electricity supply that the provincial government will not offer to residents it categorises as “squatters”.
“We are – exactly today – here for five years now,” Dawid De Wee, president of the Khoi Aboriginal Party, tells us as he gives us a tour of the settlement. “There are more or less around 4,000 of us.
“The calling from our ancestral graves sent us down here, so we had an urge to get our own identity and get back to our roots, and that was the driving motive behind everything we are here now to take back our ancestral grounds.”
Image: ‘We are here now to take back our ancestral grounds,’ Dawid De Wee says
Dawid says they have plans to expand to reclaim more swathes of land stolen from them by European settlers in the 1600s across the Cape Colony.
Land reform is a contentious issue in post-Apartheid South Africa, with a white minority still owning a majority of the land.
Indigenous land is even further down the agenda of reparations, and South Africa’s oldest communities continue to suffer from historic dispossession and marginalisation.
For many Khoi-San leaders, G20 represents the ongoing exclusion from a modern South African state.
They have not been invited to officially participate in events where “solidarity, equality and sustainability,” are being discussed without reference to their age-old knowledge.
Instead, we meet Khoi-San Queen Eloise at a gathering of tribal leaders from around the world on the most southwestern tip of Africa in Cape Point called the World Tribal Alliance.
Image: Khoi-San Queen Eloise tells Sky that the G20 ‘is a politically-based gathering’
“In order for us to heal, Mother Nature and Mother Earth is calling us, calling our kinship, to come together – especially as indigenous people because with indigenous people we are still connected to our lands, to our intellectual property we are connected to who we are,” Queen Eloise tells us.
“G20 is a politically-based gathering – they are coming together to determine the future of people politically.
“The difference is that we will seek what Mother Earth wants from us and not what we want to do with technology or all those things politically, but the depth of where we are supposed to go.”
A fierce warning from Britain’s defence secretary to Vladimir Putin to turn his spy ship away from UK waters or face the consequences was a very public attempt to deter the threat.
But unless John Healey backs his rhetoric up with a far more urgent push to rearm – and to rebuild wider national resilience – he risks his words ringing as hollow as his military.
The defence secretary on Wednesday repeated government plans to increase defence spending and work with NATO allies to bolster European security.
Image: Russian Ship Yantar transiting through the English Channel.
File pic: MOD
Instead of focusing purely on the threat, he also stressed how plans to buy weapons and build arms factories will create jobs and economic growth.
In a sign of the government’s priorities, job creation is typically the top line of any Ministry of Defence press release about its latest investment in missiles, drones and warships rather than why the equipment is vital to defend the nation.
I doubt expanding employment opportunities was the motivating factor in the 1930s when the UK converted car factories into Spitfire production lines to prepare for war with Nazi Germany.
Yet communicating to the public what war readiness really means must surely be just as important today.
Image: Russia’s President Vladimir Putin. Pic: Reuters
Mr Healey also chose this moment of national peril to attempt to score political points by criticising the previous Conservative government for hollowing out the armed forces – when the military was left in a similarly underfunded state during the last Labour government.
A report by a group of MPs, released on the same day as Mr Healey rattled his sabre at Russia, underlined the scale of the challenge the UK faces.
Image: HMS Somerset flanking Russian ship Yantar near UK waters. on January 22, 2025.
File pic: Royal Navy/PA
It accused the government of lacking a national plan to defend itself from attack.
The Defence Select Committee also warned that Mr Healey, Sir Keir Starmer and the rest of the cabinet are moving at a “glacial” pace to fix the problem and are failing to launch a “national conversation on defence and security” – something the prime minister had promised last year.
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The report backed up the findings of a wargame podcast by Sky News and Tortoise that simulated what might happen if Russia launched waves of missile strikes against the UK.
The series showed how successive defence cuts since the end of the Cold War means the army, navy and air force are woefully equipped to defend the home front.
But credible national defences also require the wider country to be prepared for war.
A set of plans setting out what must happen in the transition from peace to war was quietly shelved at the start of this century, so there no longer exists a rehearsed and resourced system to ensure local authorities, businesses and the wider population know what to do.
Image: John Healey.
Pic: PA
Mr Healey revealed that the Russian spy ship had directed a laser light presumably to dazzle pilots of a Royal Air Force reconnaissance aircraft that was tracking it.
“That Russian action is deeply dangerous,” he said.
“So, my message to Russia and to Putin, is this: We see you. We know what you are doing. And if Yantar travels south this week, we are ready.”
He did not spell out what this might mean but it could include attempts to block the Russian vessel’s passage, or even fire warning shots to force it to retreat.
Image: The Russian ship Yantar is docked in Buenos Aires in 2017
Pic: David Fernandez/EPA-EFE/Shutterstock
However, any direct engagement could trigger a retaliation from Moscow.
For now, the Russian ship – fitted with spying equipment to monitor critical national infrastructure such as communications cables on the seabed – has moved away from the UK coast. It was at its closest between 5 and 11 November.
The military is still tracking its movements closely in case the ship returns.