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Mohamed Mansour (businessman)

From Wikipedia, the free encyclopedia

Mohamed Mansour
Mohamed Mansour of Mansour Group.jpg
Born1948 (age 72–73)
Egypt
NationalityEgyptian
EducationNorth Carolina State University
Auburn University
OccupationBusinessman
Net worthUS$3.3 billion (December 2020)[1]
TitleChairman, Mansour Group
Children2
RelativesYoussef Mansour (brother)
Yasseen Mansour (brother)

Mohamed Mansour (born 1948) is an Egyptian billionaire businessman and former politician. He is the chairman of Mansour Group, a US$6 billion conglomerate that is the second largest company in Egypt by revenue. In November 2019, Forbes estimated his wealth at $2.3 billion.[1]

Early life

Mohamed Mansour was born into one of the most prominent business families in Alexandria. The family business, Mansour Group, controls nine of Egypt's top Fortune 500 companies, though it needed to survive the nationalization and confiscation of its assets in 1965.[2]

Mansour gained an engineering degree from North Carolina State University in 1968, and a master's in business administration from Auburn University in 1971, teaching there until 1973.[3]

Career

With his two brothers, Mansour maintained an active role in the Mansour Group, the family business, building close ties as distributors for US companies including Chevrolet, Marlboro, General Motors and Caterpillar.[2] Some of his other interests include Metro, the largest Egyptian supermarket chain, and McDonald's franchises in Egypt.[1]

Mansour has led the group since his father died in 1976.[4] Since then, he has overseen all the major corporate developments, including setting up the company's private investment subsidiary Man Capital in London.[5]

In January 2006 Mansour resigned his business responsibilities to serve as minister of transport.[3] He resigned in October 2009 after a deadly train crash.[2]

Personal life

He is married with two children and lives in Cairo.[1]

References

  1. ^ a b c d "Forbes profile: Mohamed Mansour". forbes.com. Retrieved 1 December 2020.
  2. ^ a b c "Mohamed Mansour: A tarnished captain of industry". ahram.org.eg. 2011-03-10. Retrieved 2016-09-13.
  3. ^ a b "Mohamed Mansour". bloomberg.com. Retrieved 2016-09-13.
  4. ^ "Egyptian Billionaire Family Caught In The Crosshairs Of Egypt's History". forbes.com. 2011-02-01. Retrieved 2016-09-13.
  5. ^ "Wealth management: Mansour's new style of family office". euromoney.com. 2016-06-01. Retrieved 2016-09-13.

External links

This page was last edited on 1 December 2020, at 09:32
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