Mohamed Mansour (businessman)

Mohamed Mansour (Arabic: محمد منصور; born January 1948)[1] is an Egyptian billionaire businessman and former politician. He is the chairman of Mansour Group, a US$6 billion conglomerate. In November 2019, Forbes estimated his wealth at $2.9 billion.[2]

This article is about the Egyptian British businessman. For other people with similar names, see Mohamed Mansour.
Mohamed Mansour
محمد منصور
Born1948 (age 74–75)
Alexandria, Kingdom of Egypt
EducationNorth Carolina State University
Auburn University
OccupationBusinessman
TitleChairman, Mansour Group
Children2
RelativesYoussef Mansour (brother)
Yasseen Mansour (brother)

In May 2023, he donated £5 million to the United Kingdom's Conservative party, the largest donation to the party in over 20 years, citing support for Rishi Sunak's approach to growth in the modern economy.[3]

Early life

Mohamed Mansour was born into one of the most prominent business families in 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.[4]

Mansour gained an engineering degree from North Carolina State University in 1968, and a master's in business administration from Auburn University in 1971, teaching there until 1973.[5]

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, Marlboro, General Motors and Caterpillar.[4] Some of his other interests include Metro, the largest Egyptian supermarket chain, and McDonald's franchises in Egypt.[2]

Mansour has led the group since his father died in 1976.[6] Since then, he has overseen all the major corporate developments, including setting up the company's private investment subsidiary Man Capital in London.[7]

In January 2006, Mansour resigned his business responsibilities to serve as minister of transport.[5] He resigned in October 2009 after a deadly train crash.[4]

In December 2022, it was announced he would become senior treasurer for the UK Conservative Party.[8] In February 2023, Mansour agreed to a multimillion-pound tax settlement following an investigation into Mansour Group subsidiary Unatrac by HM Revenue and Customs.[9]

In May 2023, Major League Soccer announced that an ownership group led by Mansour, the Sycuan Band of the Kumeyaay Nation, and professional baseball player Manny Machado would own San Diego FC, an expansion team to begin play in 2025.[10]

Personal life

He is married with two children,[2] and lives in Mayfair, London.[9]

As of February 2023, Mansour had donated £600k to the Conservative Party.[9] In May 2023, he made another donation of £5 million.[3]

References
  1. "Mohamed MANSOUR personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2022-12-21.
  2. "Forbes profile: Mohamed Mansour". forbes.com. Retrieved 1 December 2020.
  3. "Tories receive biggest donation in over 20 years". The Telegraph. 21 May 2023.
  4. "Mohamed Mansour: A tarnished captain of industry". ahram.org.eg. 2011-03-10. Retrieved 2016-09-13.
  5. "Mohamed Mansour". bloomberg.com. Retrieved 2016-09-13.
  6. "Egyptian Billionaire Family Caught In The Crosshairs Of Egypt's History". forbes.com. 2011-02-01. Retrieved 2016-09-13.
  7. "Wealth management: Mansour's new style of family office". euromoney.com. 2016-06-01. Retrieved 2016-09-13.
  8. Mason, Rowena (December 14, 2022). "Tories make billionaire ex-Mubarak minister senior treasurer". the Guardian. Retrieved December 14, 2022.
  9. Pogrund, Gabriel. "Rishi Sunak's election fundraiser Mohamed Mansour chased by HMRC". ISSN 0140-0460. Retrieved 2023-02-05.
  10. Reineking, Jim (May 18, 2023). "San Diego will be home to MLS expansion team, pushing league to 30 clubs". USA Today. Retrieved May 18, 2023.
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