#1050

Mohamed Mansour

Egypt 78 years old Self-Made

Overview

Source of Wealth: Diversified
Industry: Diversified
Residence: London
Education: Auburn University (Master of Business Administration)
North Carolina State University (Bachelor of Science)
Marital Status: Married
Children: 2

Assets

Credit Agricole Egypt

0 shares @ -

-

CIEB-EG
Palm Hills Developments SAE

38,500,000 shares @ -

-

PHDC-EG

Biography

Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (d. 1976) in 1952 and has 60,000 employees.

Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM's biggest distributors worldwide.

Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries.

Mansour, who has both Egyptian and U.K. citizenship, served as Egypt's minister of transportation from 2006 to 2009 under the Hosni Mubarak regime.

His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

About

Mansour's father lost his fortune when Egypt's then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964.

Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college.