Mohamed Mansour ( ar, محمد منصور; born January 1948) is an Egyptian

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

businessman and former politician. He is the chairman of Mansour Group, a US$6 billion conglomerate. In November 2019, ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' estimated his wealth at $2.9 billion. In May 2023, he donated £5 million to the United Kingdom's

Conservative party The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right. Political parties called The Conservative P ...

, the largest donation to the party in over 20 years, citing support for

Rishi Sunak Rishi Sunak (; born 12 May 1980) is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party since October 2022. He previously held two Cabinet of ...

's approach to growth in the modern economy.

Early life

Mohamed Mansour was born into one of the most prominent business families in

Alexandria Alexandria ( or ; ar, ٱلْإِسْكَنْدَرِيَّةُ ; grc-gre, Αλεξάνδρεια, Alexándria) is the second largest city in Egypt, and the largest city on the Mediterranean coast. Founded in by Alexander the Great, 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. Mansour gained an engineering degree from

North Carolina State University North Carolina State University (NC State) is a public land-grant research university in Raleigh, North Carolina. Founded in 1887 and part of the University of North Carolina system, it is the largest university in the Carolinas. The universit ...

in 1968, and a master's in business administration from

Auburn University Auburn University (AU or Auburn) is a public land-grant research university in Auburn, Alabama. With more than 24,600 undergraduate students and a total enrollment of more than 30,000 with 1,330 faculty members, Auburn is the second largest uni ...

in 1971, teaching there until 1973.

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 Chevrolet ( ), colloquially referred to as Chevy and formally the Chevrolet Motor Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Louis Chevrolet (1878–1941) and ous ...

, Marlboro,

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

and

Caterpillar Caterpillars ( ) are the larval stage of members of the order Lepidoptera (the insect order comprising butterflies and moths). As with most common names, the application of the word is arbitrary, since the larvae of sawflies (suborder Sym ...

. Some of his other interests include Metro, the largest Egyptian supermarket chain, and

McDonald's McDonald's Corporation is an American Multinational corporation, multinational fast food chain store, chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechri ...

franchises in Egypt. Mansour has led the group since his father died in 1976. Since then, he has overseen all the major corporate developments, including setting up the company's private investment subsidiary Man Capital in London. In January 2006, Mansour resigned his business responsibilities to serve as minister of transport. He resigned in October 2009 after a deadly train crash. In December 2022, it was announced he would become senior treasurer for the UK Conservative Party. In February 2023, Mansour agreed to a multimillion-pound tax settlement following an investigation into Mansour Group subsidiary Unatrac by

HM Revenue and Customs HM Revenue and Customs (His Majesty's Revenue and Customs, or HMRC) is a non-ministerial government department, non-ministerial Departments of the United Kingdom Government, department of the His Majesty's Government, UK Government responsible fo ...

. In May 2023,

Major League Soccer Major League Soccer (MLS) is a men's professional soccer league sanctioned by the United States Soccer Federation, which represents the sport's highest level in the United States. The league comprises 29 teams—26 in the U.S. and 3 in Canada ...

announced that Mansour would own an MLS expansion franchise in

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the List of United States cities by population, eigh ...

, to begin play in 2025, along with the

Sycuan Band of the Kumeyaay Nation The Sycuan Band of the Kumeyaay Nation is a federally recognized tribe of Mission Indians from Southern California, located in an unincorporated area of San Diego County just east of El Cajon. The Sycuan band are a Kumeyaay tribe, one of the fou ...

and professional baseball player

Manny Machado Manuel Arturo Machado (; born July 6, 1992) is an American professional baseball third baseman and shortstop for the San Diego Padres of Major League Baseball (MLB). Very highly recruited from an early age, he was raised in Miami, where he at ...

Personal life

He is married with two children, and lives in

Mayfair Mayfair is an affluent area in the West End of London towards the eastern edge of Hyde Park, in the City of Westminster, between Oxford Street, Regent Street, Piccadilly and Park Lane. It is one of the most expensive districts in the world. ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

. As of February 2023, Mansour had donated £600k to the Conservative Party. In May 2023, he made another donation of £5 million.

References

External links

Profile of Mohamed Mansour
at

forbes.com ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

{{DEFAULTSORT:Mansour, Mohamed 1948 births Living people Businesspeople from Cairo Egyptian billionaires Transport ministers of Egypt North Carolina State University alumni Auburn University alumni Conservative Party (UK) donors