Egyptian businessman Mohamed Al-Fayes has died at age 94.Photo:Pascal Le Segretain/Getty

Mohamed Al-Fayed attends “Chanel Collection des Metiers d’Art 2016/17

Pascal Le Segretain/Getty

Egyptian businessmanMohamed Al-Fayed, whose sonEmad El-Din “Dodi” Mohamed Fayedwas killed in a car crash in Paris in 1997 alongsidePrincess Diana, has died at the age of 94, his family said Friday.

Billionaire Al-Fayed was the former owner of the upscale London department storeHarrods. A self-made man who founded shipping company Genevaco in the 1960s, Al-Fayed was also at one time the owner of West London soccer team Fulham Football Club.

Mohammed Al-Fayed attended a charity dinner with Princess Diana in London in 1996. She was killed alongside Al-Fayed’s son Dodi in a car crash in 1997.Jayne Fincher/Getty

Princess Diana with Mohammed Al Fayed

Jayne Fincher/Getty

Pakistani-American billionaire Shahid Khan, Al-Fayed’s successor as owner of Fulham FC, released the following statement to theclub’s official website:

“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 statement began.

In 2008, following a British inquest into their deaths, Al-Fayed said he was abandoning his legal battle for the sake of Diana’s sons,Princes William and Prince Harry, according toReuters.

“I’m leaving the rest for God to get my revenge, but I’m not doing anything any more,” he said at the time, per the outlet.

“I’m a father who lost his son and I have done everything for 10 years. But now with the verdict, I am accepting it but with all the reservations which I have mentioned,” he said.

Georges De Keerle/Getty

Egyptian businessman Mohamed Al Fayed with a bag designed by Paloma Picasso in 1989

Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.

Prior to the inquest, Al-Fayed had accusedPrince Philip,Diana’s former father-in-law, of ordering British security services to assassinate her to stop her marrying Dodi, a Muslim.

source: people.com