Mohamed Al Fayed, the wealthy Egyptian businessman whose son, Dodi, was killed in a car crash with Princess Diana 26 years ago, passed away at the age of 94.

The British soccer club Fulham FC, which Al Fayed owned from 1997 to 2013, announced his passing on its website by the team's current owner, Shahid Khan.

"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," Khan said in a statement.

Al Fayed gained prominence in the international business world with several major purchases including Harrods and the Ritz Hotel in Paris.

Following the death of his son in 1997, Al Fayed openly questioned the circumstances and promoted conspiracies that the British government and royal family were responsible. Investigations into the crash refuted his conspiracies.

This is a developing story. Please check back for updates.