Egyptian billionaire businessman Youssef Mansour, who co-owns Mansour Group with his brothers, has experienced a substantial $200-million increase in net worth in the past three days thanks to the recent surge in the market value of his broad investments.
According to Forbes, a leading U.S. business magazine that tracks the fortunes of the world’s ultra-high-net-worth individuals (UHNWIs), Youssef Mansour, a top figure among Egyptian businessmen and one of the North African top billionaires, has seen his net worth surge by $200 million from $1.3 billion on Nov. 17 to $1.5 billion at the time of drafting this report.
Youssef Mansour’s $1.5-billion fortune propel him to the 1,932nd spot globally
With his current fortune of $1.5 billion, Youssef Mansour, who ranks as one of Africa’s richest billionaires, trails behind distinguished figures like Tanzania’s richest man Mohammed Dewji and Moroccan Prime Minister Aziz Akhannouch, a leading businessman, to claim the 1,932nd spot on Forbes’ global list of the wealthiest individuals.
The recent uptick in his fortune can be attributed to the robust performance of his diversified portfolio of investments, which includes a minority stake in the Cairo-based real estate firm, Palm Hills Development.
Beyond his portfolio in Palm Hills Development where he sits on the board, Youssef Mansour is a director in Mansour Group, a well-established family-run conglomerate that was established by his father Loutfy Mansour back in 1952.
Decades of wealth building: Mansour Group’s enduring legacy
For decades, Mansour Group has stood as an indispensable pillar in shaping the fortunes of the Mansour family, serving as the primary driver behind the billion-dollar wealth amassed and maintained by Youssef Mansour and his brothers. As of July 2023, their collective net worth stood at an impressive $6.4 billion.
Youssef Mansour, the Egyptian billionaire at the helm of Mansour Group alongside his brothers, commands the consumer goods division, overseeing notable entities such as the Metro supermarket chain and the exclusive distribution rights for L’Oreal in Egypt.
This noteworthy surge, amounting to a staggering $200 million, not only propels Youssef Mansour to the upper echelons of Egypt’s wealthiest billionaires but also cements his standing as one of the most affluent magnates on the African continent and in the Arab world.