Man Capital invested in the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, IHS. We try to buy and build companies, he says, over a long time frame. Im running out of space, he laughs, proudly showing how they are crowding out the watch on his wrist. Chelsea takeover candidate Loutfy Mansour has revealed he has no intentions to buy the club. The Mansour Foundation for Development (MFD) was founded to support and development programmes to empower people in Egypt. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. To learn more or opt-out, read our Cookie Policy. Man Capital acquires Right to Dream, a global opportunity-creating ecosystem of football academies and professional clubs. Net worth: 5billion The US investment tycoon is a sports fanatic and former amateur wrestler who has repeatedly voiced interest in buying a Premier League club. Demand from global markets such as the USA, the Soviet Union, China, Japan, the United Kingdom, and Europe established Egyptian cotton as a luxury good. His daughter, Amy, is also a billionaire after receiving a portion of the proceeds from the sale ofSynthes. [1], At that time, General Motors was looking for Egyptian partners to help them expand, and were connected with the Mansour family. "How one Egyptian family's $6bn enterprise has spanned the globe", "Patience is key for family-run Mansour Group", "Al Mansour Holding Company for Financial Investments Sustainability Report 2013 - 2014", "MCD'S DEVELOPS TASTE FOR EGYPTIAN MARKET LIFESTYLE CHANGES SPUR BURGER GIANT'S MIDEAST EXPANSION", "Wealth management: Mansour's new style of family office", "Mansour Group - The Top 100 Arab Family Businesses", "OTS Logistics Group sold to private equity firm", "AL MANSOUR FOR TRADING AND DISTRIBUTION COMPANY", "METRO MARKETS FOR TRADING AND DISTRIBUTION", "Company Overview of El Mansour & El Maghraby Investment and Development Company", "Mansour-Maghraby sell around 4% of Crdit Agricole Egypt for EGP 257 mn", "Egyptian billionaires invest $120m in Ghana football academy", https://en.wikipedia.org/w/index.php?title=Mansour_Group&oldid=1159115772, This page was last edited on 8 June 2023, at 10:14. The Forbes Billionaires' List: Africa's Richest People 2021 Loutfy M Mansour - Washington, DC - Reputation & Contact Details The Glazers, what 500 million? Mohamed Mansour Middle East Rank: 6 Global Rank #: #1249 Net Worth 2021: $2.5 B Change: - $800 M Age : 73 Country : Egypt Sector : Diversified Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. As of today, we don't know the exact selling price.'. The businessman also came under fire when it emerged he had furloughed almost 800 members of staff from his luxury hotel groups. Yasseen Mansour's Net Worth and How He Became One of Africa's Richest Youssef Mansour - Forbes Your email address will not be published. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. The company also has a private investment firm, Man Capital, based in London. Hed ask me, What did you learn? Meet 2021's Arab Billionaires Yasseen Mansour Middle East Rank: 21 Global Rank #: #2524 Net Worth 2021: $1.1 B Change: - $1.1 B Age : 59 Country : Egypt Sector : Diversified Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mantrac was the fifth largest Caterpillar dealer in the world. See terms at draftkings.com/sportsbook. He served as Egypt's Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. @ChelseaFC pic.twitter.com/ABEjjCqhD7. What started as a makeshift academy in one couple's home recently attracted a $118 million investment from a global conglomerate. [10] The company consists of 10 employees across the US, Europe and Asia, and averages about 2 deals a year. [17] Mansour Financial also runs the Metro Market and Kheir Zaman supermarket chains. Not at all, Mansour replies. Reflects change since 5 pm ET of prior trading day. In 1984, GM opened its first factory in Egypt, and 1985 the first GM vehicle was produced in the country. 1K followers 500+ connections Join to view profile Mantrac Group and Man Capital Activity [PORTRAIT - CADRE/CEO] Elle a prouv qu'elle est une force avec laquelle il faut compter en matire de. The new firm connected cotton traders in Sudan with international buyers. Call (800) 327-5050 or visit gamblinghelpline.ma.org (MA), Call 877-8-HOPENY/text HOPENY (467369) (NY). Deepening an already extensive and long-term partnership, General Motors acquired a stake in Al-Mansour Automotive. The Group is one of the top five Caterpillar dealers globally and was named as the world . The new club, co-owned by Mohamed Mansour, will begin play in the MLS in 2025. Net Worth 2022: $1.5 B. Mansours father Mohamed served as transport minister in the regime of former president Hosni Mubarak, although his tenure was brief and he had left office before the Tahrir Square demonstrations in 2011 led to the overthrow of the government. [8], The company launched its first discount store in 2006, called Kheir Zaman, which translates to "The Good Old Days". 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. In 2020, he was slammed for following a raft of rich Britons including Topshop boss Phillip Green and his wife Tina in relocating from the UKtoMonaco where he is expected to save an estimated 4billion in tax. The US is still an attractive market there for us, and we have a lot of affinities there. Family matters to Loutfy Mansour. He was still a very hard negotiator, though, he laughs. Net worth: $2.3 billion. Youssef Mansour Net worth. On his first day at the University of Birmingham, he was embarrassed to see he was nearly at the bottom of a list of 99 undergraduates ranked by their A-level results, but went on to achieve a 2:1 in chemical engineering. Yasseen Mansour - Wikipedia ', The comments below have not been moderated, By Sunshine brands of seafood and frozen vegetables was launched. There is no J-curve: we can invest today and do nothing for two years. [2], In 2021 Mansour Group invested $120 million in a takeover of Right to Dream Academy and announced it was forming a new entity, ManSports.[22]. Tarek Mansour is the cofounder and CEO of fintech company Kalshi. [6] The company also private labels consumer goods such as Sunshine Tuna, Labanita and Belhana dairy products and Hayat Natural drinking water. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d. 1976) in 1952. Sir Jim went on to work as a trainee accountant at a pharmaceuticals company before moving to Esso then Courtaulds. The name is essentially the brand and it has to remain squeaky clean. He sponsors professional cycling team the Ineos Grenadiers, who under their previous name, Team Sky, won the Tour de France seven times. As a business we try to navigate those. I have to wait 4-5 days now. Global Rank #: #2035. What did you think of this? Slowly, I learnt. Did that put pressure on him? I didnt want to be that story.. According to Forbes, the renowned U.S. business magazine that tracks the fortunes of the world's ultra-high net worth individuals, Mansour's net worth has skyrocketed by a staggering $1.1 billion since the start of 2023, soaring from $2.5 billion on Jan. 1 to a whopping $3.6 billion at the time of writing this report. Youssef Mansour net worth: Youssef Mansour is an Egyptian businessman who has a net worth of $2.9 billion. Battling them is Loutfy Mansour, the scion of an Egyptian billionaire family who now heads up a London-based investment firm, and is a Chelsea season ticket holder. My father always said: I wont leave you the biggest companies or the most money, but I will leave you the best name. You have to take care of that.. Change: - $400 M. Age : 75. The Swiss billionaire - who is preparing a joint bid with Boehly - is considered one of the world's most generous philanthropists after amassing a fortune selling medical devices. He . He has a daughter with his second wife Alicia. Weve been investing in Egypt for decades.. Right now, Loutfy Mansour lives in Washington, DC.Mansour Loutfy are some of the alias or nicknames that Loutfy has used. As at March of 2020, Forbes estimated Youssef net worth to be US$1.9 billion. The conglomerate originated with the cotton business founded in 1952 by Mansours grandfather (also called Loutfy), who was one of the first Egyptians to graduate from Cambridge university. I listened to my father speak on the phone, saw how he conducted a meeting, went to presentations. We were speaking the same language. He is an active philanthropist through his Mansour Foundation, which fights poverty in Egypt and supports education. Technology is part of that, he says, but it can also overwhelm. The largest supermarket chain in Egypt with over 100 stores, catering to a high-quality shopping experience. GM were talking to banks about possible partners, and they said there were these three American-educated brothers in Alexandria, Mansour told the FT in his first ever interview. Loutfy Mansour is currently the Chief Executive Officer of Mantrac Group and Man Capital LLP. The business that Loutfy Mansour founded passed to his children sons Ismail, Youssef, Mohamed, Yasseen and daughter Rawya following his passing in 1976. Newspaper articles suggested the billionaire was consideringputting in an offer for the club, although his spokesman later said there was 'no substance' to the reports. It is a far cry from the beginnings of the family business. Accelerate is an in-depth exploration of the science, ethos and implications of near-future transportation methods. The billionaire was born in Bern on September 19, 1935, and raised in a small apartment with his two sisters. We dont have an exit strategy. Copyright 2023 Mansour Group All Rights Reserved Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Boehly and a group of fellow investors acquired the Los Angeles Dodgers after a bidding war with fellow US billionaire Stan Kroenke, who now owns Liverpool. Void in ONT. 'How much did Abramovich pay for Chelsea, 100 million? Is that because they find the situation in their homeland untenable? Now, it is expanding the dream to change society through soccer https://t.co/UGmpd2ToE9 pic.twitter.com/9MOiHI9so2. GNS Egypt (rebranded as Infort in 2016) was founded to provide learning opportunities, e-security and application development for its clients. Loutfy Mansour has 3 current jobs including Investor at Right to Dream, Co-Founder & CEO at Man Capital, and Co-founder and CEO at Mantrac Tanzania. Mr. Loutfy Mansour Founder Deceased in 1976 Mr. Ismail Mansour Founder Deceased in 1997 Mr. Youssef Mansour When we talk to management we say that we will hold it for the next 30 years, he says. . Theconglomerate is now the second largest in Egypt by revenue - around 5.6bn a year - and is the largest General Motors dealers in the world. The 36-year-old owns home electronics company Haier Pakistan as well as MG Motors Pakistan. We dont want deal-junkies, Mansour says. My father and uncles understood the US mentality, which was always to be transparent, to be clear if you can do something or not, but more importantly to build the partnership for the long term. [1] The business was nationalized by Gamel Nasser in the 1970s, forcing Mansour to Sudan and eventually Switzerland, where he continued to work in the cotton business. Mansour is a founding member of the American Egyptian Chamber of Commerce. The aim is to make just one or two acquisitions a year. Manfoods was established as the sole franchisee for McDonalds restaurants in Egypt. General Motors appointed Al Mansour Automotive as its official dealer in Iraq. I wanted a cosmopolitan team, Mansour says. Man Capital LLP, the global investment arm of the Mansour Group, was founded to invest in a number of businesses and ventures around the world. 21+ (18+ NH/WY). Few are as close as the Mansours, whose conglomerate the Mansour Group has 60,000 employees and revenues of $6bn, but is still very much a family-run business. Roman Abramovich made it clear that hes not going to rush through a deal to sell his beloved Chelsea, and governmental powers willing, he will hopefully get a chance to do so over the next few weeks, and make the best possible deal for the future of the club (beyond just the fact that hes leaving us debt-free) and for the future benefit of the charitable organization hes decided to set up with the net proceeds. Net worth: $2.5 billion Rank in 2020: 7 Net worth in 2020: $3.3 billion Self-made Origin of wealth: Diversified Industry: Diversified Age: 72 . Mansour served as the CEO of the Loutfy Mansour Trading Company, the Chevrolet dealer in Egypt and part of General Motors. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. [18], Mantrac was created by the Mansour Group in 1977 as the sole authorised dealer for Caterpillar Products in Egypt. After Russian billionaire Roman Abramovich announced his decision to sell London-based football club Chelsea FC, Egyptian billionaire Loutfy Mansour is one of several names that have been reported as potential suitors in a potential multi-billion dollar deal. Youssef Mansour - The Richest Arab Billionaires 2022 - Forbes Lists In 1975, Loutfys business character and values of integrity, hard work and confidence inspired him to return to Egypt and branch out into a new industry. We are all getting older and it is a decade of your life to resolve that.'. Mansour Group - Wikipedia Who We Are - Mansour Group From 1976 to 1981, he served as the CEO of the Loutfy Mansour Trading Company, the . But he was fired after just three days because his boss had seen his medical report and wasn't keen on him working there with mild eczema. which was founded by his father Loutfy (d.1976) in 1952. RomanAbramovich's dramatic confirmation that he wants to sell Chelsea FC has fired the starting gun on a billionaire bidding war for the West London club - with the stakes raised even furtherby the billionaire's reported intention to achieve a quick sale to dodge any possible sanctions. Loutfy Mansour graduated from St Johns College, Cambridge University. Chelsea takeover candidate Loutfy Mansour makes statement Man Cap was founded in 2010, before the Egyptian Revolution. The Mansour Group completes a community centre for the Bedouin people and other residents of Saint Catherine, a UNESCO World Heritage Site in Egypt. All Rights Reserved. As Mansour learned on all those summer jobs, the human side is important too. Cutting a svelte figure, he does distance running and triathlons to keep himself in shape. The Royal Mansour experience begins before guests even set foot in the hotel. In an interview with the FT in 2016,Mansour spoke lovingly of his 'close-knit' family and described his fascination with business from an early age. 16:45 BST 04 Mar 2022. Boehly, who bought a 27% stake in the LA Lakers last year, has spoken of his admiration for the Premier League. 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