Background Checks. Mansour Group started as a cotton business founded in 1952 by Loutfy Mansour, one of the first Egyptians to graduate from Cambridge. 'Daisy Jones & The Six' is breaking records and topping charts. 14. Under his leadership Mansour Automotive business has expanded exponentially in the last 4 years with new business being added to the group portfolio like Peugeot and MG Brand distribution in Egypt, Hero Motorcycles in Uganda, expansion of the distribution footprint in Sub Sahara Africa for GM & MG. 0; Loutfy Mansour moved to Geneva, Switzerland to set up a cotton brokerage. INSEAD, MCE. He laughs at the reminder, admitting that he has come to enjoy the yacht more because it has everything he needs: communications, a gym, healthy food. Mansour Your email address will not be published. Accounting Certificate from the American University in Cairo. You drop anchor and do your thing. on the Advisory Board for the Centre for Contemporary Arab Studies (CCAS) at In the early 1970s, Loutfy opened an office in Geneva, Switzerland, from which he expanded his cotton brokerage business internationally while continuing to develop Sudanese exports. Courtesy MansourGroup. Building on this success, Mansour Automotive expanded its operations to Iraq and Africa, becoming the largest distributor of GM products in the world outside of China. has two sons. Copyright 2023 Mansour Group All Rights Reserved Born in 1909 in Egypt, Loutfy Mansour founded and began building the family business empire. It is a far cry from the beginnings of the family business. PURCHASED 10% OF MANSOUR JV AGREEMENT. California with offices in over 106 countries around the World. Man Capital invests in 100m football partnership with Right To Dream, Mansour Group Backs Community Project at Ancient Site in Egypt, The much-awaited newest MG member, the HS, is finally in Egypt, Mohamed Mansour Issues Warning About Distorted Stock Markets. These include the Hub Project, which seeks to'dramatically shift the public debate and policy positions of core decision makers' by influencing media and public opinion in a 'progressive' direction. While Abramovich made it clear that he will not be rushing a deal, reports of several investors or investment groups circling in the water had already emerged. Boehly, whose grandparents emigrated from Germany, attended a private school in Maryland, where he was on a wrestling team that won state tournament titles in 1990 and 1991. Prior to MAC, he worked with Flemings as a Research Assistant. network in Egypt, Iraq, Libya & 13 countries in Sub Sahara Africa. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy in 1952 and has 60,000 employees. Loutfy Mansour - Crunchbase Person Profile Mansour's father, Mohamed, served as transport minister under former presidentHosni Mubarak, although he left office before widespread protests broke out against the regime in 2011 which led to the Egyptian Revolution. Advertisement. The 66-year-old Saudi Arabian billionaire is the founder and majority owner of the Kingdom Holding Company. 'Its in our DNA, for all of us.' Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. It became the second-largest cotton exporter in the world. MOHAMED MANSOUR Net Worth $2 Billion House Yacht Youssef Mansour has successfully navigated through different industrial, trading, and banking sectors holding key positions which make him uniquely suited to the position of Chairman of the Mansour Group of Companies. consumer and retail, industrial equipment, logistics and services. inception and selling a record 94,022 units in 2010 making it the single that is abreast with the latest trends in retail and customer experience and What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? The Tories' new treasurer: A billionaire Egyptian with a controversial He is the fourth son of the late business tycoon, Loutfy Mansour, who established Mansour Group, a multinational conglomerate that has total revenues of over $7 billion. In case Mansour acquires Chelsea, he will be the second Egyptian club owner in the Premier League, with the first being Aston Villa co-owner Nassef Sawiris. Egyptian-owned company, Man Capital LLP, has become the majority shareholder in the Right to Dream Academy following a significant investment in the Ghanaian outfit, a joint statement from the two parties has revealed. The school now has a facility called the Boehly Family Wrestling Room named in his honour. P.C. During its first year of operation, Mansour Automotive partnered with GM, becoming the largest automotive dealer in the country five years later. He also holds shares in Citigroup and 21st Century Fox, while his holding company invests in tourism, entertainment, retail and real estate - among other interests - but as yet he has not been involved with a sports team. APPOINTED EXCLUSIVE DISTRIBUTOR BY GM/GM EGYPT. The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea. St John Fisher College Football, Mansour established. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He is the chairman of Mansour Group, a US$6 billion conglomerate. APPOINTED DISTRIBUTOR FOR GHANA & UGANDA. LoutfyMansour, named after his grandfather, now works in the family company but Mohamed has no plans of standing down: 'My dad didn't retire,' he says. for excellence and strong business drive across all facets of the business has Mantrac Group became the sole authorised dealer of Caterpillar products in Liberia. Since the creation of Man Capital, Mansour has heavily invested directly It comes amid reports Abramovich may still have 'weeks or months' before any possible sanctions,with the Foreign Office and National Crime Agency unable to prove 'reasonable grounds' for taking action, according to The Times. p Profiler.dk. He sold the company to Johnson & Johnson in 2012 in a deal worth 15.2bn, but still holds stakes in biotech firms NovoCure and Molecular Partners. They were, he says, the hardest four years of his life, though rewarding in that he truly came to know the country of his birth. The Mansours also hold the Caterpillar dealership for Egypt and six other African countries; manufacture and distribute Imperial Tobacco products; own Egypts McDonalds franchise; and run several retail chains among other things. Yasseen Mansour's Net Worth and How He Became One of Africa's Richest CourtesyMansourGroup. He was educated internationally and in 1933 was awarded a BA at St. John's College, Cambridge. He is an alumni of Harvard. What you see is what you get.". Mantrac and Unatrac merged to form Mantrac Group. Among those who have already expressed interest in Chelsea is Swiss philanthropistHansjorg Wyss, who is tabling a bid with American investorTodd Boehly, the co-owner of the Los Angeles Dodgers and an avowed fan of Premier League football. The partnerships first major project is to build a Right To Dream academy for boys and girls in Egypt. See Loutfy Mansour's compensation, career history, education, & memberships. The Hard Times and Good Life of Mohamed Mansour Al Mansour Automotive partnered with Hero Motocorp, the worlds largest motorcycle manufacturer, to form Mantra Motorbike and enter the Ugandan market. MAC GROUP ACHIEVED RECORD SALES OF 94,022 UNITS. 'You know, Chelsea owes him 2billion, but Chelsea don't have the money. He is a graduate of Babson College, Boston. The move came soon after he was knighted by the Queen for 'services to business and investment'. Mohamed Mansour - Forbes He obtained a During the next 20 years he transformed it into the world's fourth largest chemicals company, with annual revenues of 45bn. Man Capital co-founded 1984 Ventures, a California-based venture capital fund targeting early-stage investments in high-growth technology businesses, and is an anchor investor in the firms inaugural fund. Loutfy would go on to become managing director of the Sudan Cotton Company. Egyptian businessman Loutfy Mansour interested in buying Chelsea - KingFut He has attended He was also a key member of the Mansour Automotive task force team designated to secure the bid for the PSA business. Mr Mansours childhood home, with its 40 rooms and 30 staff was confiscated, and his father went from feted capitalist to persona non grata on a state income of $75 a month. I mean, the kids were more like Einstein; very serious, what you call nerdy types today. also served on the George Washington School of Business Advisory Board and the Egypt's Loutfy Mansour eyes Chelsea FC - Enterprise Loutfy Mansour - the rising son - FT.com . Its in our DNA, for all of us, its just about growth, growth, growth build new things, see new things. In 1952, he created a successful business in cotton exporting, and Loutfy Mansour and Sons was established. Palm Hills Developments, a leading real estate developer in the Egyptian market, was established. Investments globally with the focus of providing capital and strategic support In 2013, he signed The Giving Pledge, thereby agreeing to give away the majority of his fortune. In 2003, he was appointed the companys Regional Financial The Russian, who denies allegations of being close to Vladimir Putin, last night announced he would donate all net proceeds from the sale to victims of the war in Ukraine, while confirming he would not ask for a 1.5billions loan he made to the club to be repaid. Now I really love it. In addition to his wife, he is survived by his daughter Monda Shehata and her husband Hani Sawiris, 2 brothers Milad Mansour Shehata, Fakhry Mansour Shehata, and a sister Wedad Mansour Shehata. This partnership was further cemented in 2001 when Mansour was appointed an exclusive GM distributor - a turning point in the history of the company. His core belief is that the essence of any successful company is the people, and this is where all his real investments take root: his employees. Sir Jim, who bought French club Nicefor 91m in 2019,has previously been linked to both Chelsea and Manchester United, but has never gone ahead with buying a Premier League club because he considers them too expensive. Chelsea takeover candidate Loutfy Mansour makes statement "I get one every Father's day and birthday, and things. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. From 1976 to 1981, he served as the CEO of the Loutfy Mansour Trading Company, the Chevrolet dealer in Egypt and part of General Motors. The English Premier League club's owner, Russian b'naire Roman Abramovich confirmed he would be selling the club amid Western sanctions imposed on Russia in the wake of its invasion of Ukraine. Prior to the assignment in Egypt, he worked with Tata Motors Limited at the Headquarters in Mumbai, India managing dual responsibility designated as Sr. Vice President Head of Corporate Strategy & Head of Sales, Service & Marketing for the Passenger car business unit and was a member of the Executive Committee (Ex-Comm). Mantrac Group became the sole authorised dealer of Caterpillar products in Liberia. Market high quality products backed by superior after sales support to achieve market leadership. Contact All American Speakers Bureau to book the best keynote speaker for your next live or virtual event. Family Office / Private Equity firm established to oversee the Groups On the advice of his twentysomething son, the redoubtable Mansour Snr immediately started a third time but in Switzerland. MAC EGYPT ACHIEVED RECORD OPEL SALES 8,274 UNITS. A tech enthusiast, Mansour was an early investor in Facebook, Uber and Spotify. Yasseen is the co-founder and an active member of the Lead Foundation. The organizations core values of Integrity, Accountability, Customers First, Innovation, Empathy and Growth Through Continuous Improvement, are embedded in every aspect of the organizations operations from sales to after-service. Mohamed Mansour gained an engineering degree from North Carolina State University in 1968 and an MBA from Auburn University in 1971, where he taught until 1973. Should Manchester United be going after Mohammed Kudus over Harry Kane and Victor Osimhen? The players who end up being considered as among the best in the world often have a shared trait. Rawya Mansour is the Founder and Chairwoman of RAMSCO Trade and Distribution, which she created in Egypt in 2007. Mohamed Mansour wiki ionformation include family relationships: spouse or partner (wife or husband); siblings; childen/kids; parents life. In 1964, the Egyptian President Nasser and his government nationalised the major industries including cotton. Advisory Board of the Cairo and Alexandria Stock Exchanges and the Social Fund He is a former Mansours wife, Sumaya, was wounded and taken to a hospital, where she described the shooting in an interview broadcast by Palestine TV. October 2009 following his resignation as Minister of Transport for the Loutfy Mansour graduated from St Johns College, Cambridge University. Egyptian businessman and Chelsea season ticket holder Loutfy Mansour has pulled out of the running to buy the Blues from Roman Abramovich. Today, its network covers 100 countries, and it employs over 60,000 people. Two of his brothers are also billionaires, Mohamed Mansour and Youssef Mansour. Its the second time that Mr Mansour mentions having had to man up. In the early 1970s, Loutfy opened an office in Geneva, Switzerland, from which he expanded his cotton brokerage business internationally while continuing to develop Sudanese exports. Back then, a lot of things were done on gut and hunch and if you have that, that is second to none, but now the world is obsessed with numbers., One of the first people in Egypt to use the internet in the 1990s, Mansour is a keen user of technology. Eight oclock each evening brought with it a ritual that the young Mohamed Mansour looked forward to all day. Largest Chevrolet distributor in the world outside China. St John's College, Cambridge BA Recent News and Activity for Development and the Board of Trustees of the American University in Cairo. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. After Cambridge, he returned to Egypt, held various government positions, including Under-Secretary for The Ministry of Agriculture, specialising in the . Registration 2011-03-23. With over 60 years of experience, we have developed a global presence across a diverse range of industries. Then he was named as chairman and CEO of Mantrac until. They are not spoilt; they are hardworking and down to earth. My colleagues Luisa Kroll and Kerry Dolan who oversee the Forbes billionaires list, had asked me to value the familys business, the Mansour Group, to see whether it made the cut. SOR /2011-78. The Mansour Group was founded by Loutfy Mansour. Group is the exclusive distributor or partner of major brands such as General In 1968, the President of Sudan engaged Loutfy to upgrade his countrys cotton industry. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. Bradford City Ebay Store, Should Manchester United Be Pursuing AFC Ajaxs Mohammed Kudus? Beta V.1.0 - Powered by automated translation, If you get burnt from the soup, you blow on the yoghurt, When things get tough we work, work, work to maintain the family name, Leap of faith: Asma Elbadawi shows that Muslim women can jump, Shifting identity: Omar Al Qattan on making movies and promoting Arab culture, Something in the water: the compelling tale of London's oldest Arabic bookstore. Required fields are marked *. Mohamed Mansour took over Mansour Group, which was founded by his father Loutfy Mansour. Wyss (left) and his daughter Amy attend a Synthes general shareholders meeting in Switzerland on April 28, 2011. gavin hardcastle who is amanda - junjianyu.com Loutfy Mansour had four sons, Ismail, Youssef, Mohamed and Yasseen, and a daughter, Rawya. 33-year-old Chelsea fan now planning to buy the club off Abramovich . is the Founder and also Chairman of the Mansour Automotive Group, the largest We dont have to report something every quarter. There is no financial engineering, and even the 2012 acquisition of OTS Logistics a company with $700m of sales was completed without debt. He told Bloomberg in 2019: 'One of the great things the Premier League has is that it's on a Saturday morning in America. Russian billionaire Roman Abramovich has taken control of Chelsea in July of 2003, and since then, he led the London-based club to 17 major trophies.