Egyptian Billionaire Mohamed Al-Fayed’s Heirs at War Over $2 Billion Fortune

The death of Egyptian billionaire businessman Mohamed Al-Fayed, the former owner of Harrods and father of the late Dodi Fayed, has sparked a battle among his four adult children over his $2 billion estate.

Following Al-Fayed’s death last week, rumors of a “sibling power struggle” and a “Succession-style battle” for his vast fortune began to surface.

The assets are now being distributed among his four heirs, all from his second marriage to Finnish socialite and former model Heini Wathen, who is now 68.

Al-Fayed and Wathen married in 1985, and they have four children: Jasmine, 42, Karim, 39, Camilla, 38, and Omar, 35.

Al-Fayed’s death not only marked the end of an era, but it also ignited a high-stakes battle among his heirs for control of his vast fortune, leaving the world waiting to see how this family drama plays out in the coming months.

Prior to his death, Al-Fayed was one of Egypt’s and the United Kingdom’s wealthiest businessmen, with a fortune estimated to be over $2 billion. His rise from poor beginnings in Alexandria to wealth is remarkable.

Al-Fayed’s ascent to notoriety was aided by his ownership of the prestigious Harrods department store, which he purchased in 1985. He made news again in 2010 when he sold Harrods to Qatar for a stunning $2.4 billion.

Not content with that, he expanded his holdings to include the Ritz Paris Hotel and Fulham Football Club. Al-Fayed sold Fulham Football Club to US auto parts mogul Shahid Khan for an estimated $300 million in 2013.

Al-Fayed was a prominent personality throughout his life, known for his luxurious lifestyle and outspoken views. He was particularly loud in his condemnation of the British royal family, claiming their complicity in the terrible 1997 car disaster in Paris that killed his son Dodi and Princess Diana.

“Because they still don’t accept that Dodi, my son, an Egyptian, a Muslim, can be the stepfather of the future king,” Al-Fayed stated during an interview with 60 Minutes Australia.

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