BREAKING: Billionaire former Harrods owner Mohamed Al Fayed dies age 94

The former owner of Harrods Mohammed Al Fayed has died at the age of 94. The Egyptian billionaire is said to have been buried today following a service at Regent’s Park Mosque in London according to Al Jazera.

It comes a day after the anniversary of the deaths of his eldest son, Dodi, and Princess Diana. "My wife’s grandfather, the Egyptian businessman Mohamed Al-Fayed, has died. We belong to God and to Him we shall return" the Al Shorouk newspaper quoted a member of his family as saying.

In the 1990s, Mr Al Fayed was one of the richest people in the world, with an impressive list of businesses and property to his name, the Mirror reports.

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As the owner of luxury department store Harrods and his involvement with high-profile charities brought him into the same circles as the royal family, including Princess Diana.

His eldest son, Dodi, was friends with the royal for about a decade before romance blossomed during a yacht holiday in the south of France. However, they were denied the opportunity to spend their lives together, dying side-by-side in a car crash in Paris.

In the past few decades, Mr Al Fayed sold off several of his high-profile businesses. Back in 2010, he sold Harrods to Qatar for a staggering $2.4billion.

While he said he would never part ways with his beloved department store, it was a row over dividends and pension funds which finally showed him it was time to say goodbye.

Speaking to the Evening Standard at the time, he said: "Of course it makes me sad ... you can go ask everyone, people don't want me to go. But first of all I can't take this. I am 77 years old, right. I have children, I have grandchildren,