Despite the plunge in his fortune, Mansour still ranks as one of Africa’s richest billionaires.
"Youssef Mansour"
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The recent uptick in Youssef Mansour’s fortune can be attributed to the robust performance of his diversified portfolio of investments.
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The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
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Mansour co-owns Mansour Group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
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Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
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The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
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Mansou owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
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North African billionaires’ net worth surges as global markets rebound in 2023.
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These billionaires hold 6.1 percent of the country’s total private wealth.
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While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.