Mohamed Mansour, the visionary Egyptian billionaire and scion of the renowned Mansour family conglomerate, has been instrumental in transforming Mansour Group into a global powerhouse, achieving a staggering valuation of over $6 billion.Â
Under his astute leadership, the group has diversified its ventures across Africa, the Middle East, and Europe, propelling him to the rank of Egypt’s third-richest man with a net worth of $3.5 billion.
Founded by his late father, Loutfy Mansour, in 1952, Mansour Group has witnessed remarkable growth under Mohamed’s stewardship, establishing itself as one of the world’s most successful enterprises. Mohamed co-owns the group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
The business magnate’s net worth has experienced significant fluctuations over the past year, with a recent surge attributed to shrewd investments across various companies. With notable interests in Africa, the Middle East, and Europe, Mohamed’s net worth rose from $2.5 billion to an impressive $3.5 billion, cementing his status as one of Africa’s richest billionaires.
Beyond his achievements in the corporate world, Mansour has also earned recognition for his philanthropic endeavors. His notable contributions have garnered public attention, particularly his recent donations to the United Kingdom’s Conservative Party, underscoring his commitment to supporting various causes.
Billionaires.Africa has identified and closely monitored seven prominent companies under Mohamed Mansour’s control. The tycoon wields significant influence over these companies, leveraging his expertise and business acumen to drive growth and success.
- Mansour Group: Founded in 1952, Mansour Group is a global conglomerate operating in various sectors and markets such as automotive, capital markets, consumer and retail, industrial equipment, technology, logistics, and services. Led by Egyptian billionaire Mohammed Mansour, the group has become a leading entity in Egypt. It has evolved over three generations, starting as a cotton exporter and later becoming the sole authorized dealer of Caterpillar products in Egypt in 1977. The group’s expansion continued as it acquired Unatrac, Unilever’s Caterpillar dealership in East and West Africa, and subsequently merged with Mantrac in 2000 to form Mantrac Group.
- Man Capital LLP: Man Capital is the investment and advisory division of Mansour Group, headquartered in London. It is a family-owned firm supporting companies globally with long-term capital and strategic guidance across diverse industries, such as logistics, real estate, oil and gas, education, telecommunications, technology, and healthcare. Additionally, Man Capital holds the second-largest stake in Caffe Nero, a British coffee chain employing approximately 9,000 individuals.
- Al Mansour Automotive Co: Al Mansour Automotive Co. is a major GM dealer, selling over 75,000 vehicles annually. It ranks fifth as a Caterpillar Inc. distributor. Additionally, it holds franchises for Opel, MG, Chevrolet, Isuzu, and Peugeot. The company has expanded into new regions, serving Ghana, Libya, Iraq, Uganda, and sub-Saharan Africa. It also supplies refrigerated trucks to prominent companies like McDonald’s, Caterpillar, and Kraft Foods.
- Mantrac Group: Mantrac Group is among the world’s biggest Caterpillar dealers. It distributes and supports machinery, power systems, and material-handling equipment for U.S. corporations in 12 countries, with operations in more than 10 countries. Thanks to Mansour Group’s patient capital approach, Mantrac Group has successfully navigated economic cycles and challenges, like falling commodity prices. Operating experience in Africa has also helped Mantrac overcome political instability, bureaucracy, and health and safety concerns in its regions of operation.
- AI Mansour Holding Company for Financial Investments: As Egypt’s largest distribution group, Al Mansour Holding Company For Financial Investments (MHCFI) supplies consumer goods to 130,000 outlets across the country and employs more than 8,000 people. The company also manufactures and distributes its own-label consumer goods, including Sunshine Tuna, Labanita & Belhana dairy products, and Hayat Natural drinking water. Additionally, its unit, the Al Mansour for Trading and Distribution Company, distributes products for Red Bull, L’Oreal, and Ferrero Rocher.
- Manfoods: Manfoods holds the sole McDonald’s franchise in Egypt with over 100 outlets, serving more than 80,000 customers daily. The first McDonald’s restaurants in Egypt, located in Merghany and Mohandessin, were launched by Manfoods in 1994, even though McDonald’s was founded in 1940.
- Palm Hills Developments: Palm Hills, a Cairo-based real estate firm and subsidiary of Mansour Group, is a leading developer in Egypt, focusing on residential, commercial, and resort communities. Led by the Mansour family, the company has achieved remarkable financial success. Its profits surpassed $40 million at the end of its 2022 fiscal year, reinforcing its position in the real estate and property development markets.
