He is a former Mansour remains sanguine about events, adding that whatever happens politically, the family is committed to the country. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African As a very charismatic and confident individual, he drove the success of the Group during its infancy. He took over the Mansour Group in 1976. The 5 Biggest Billionaire Losers In Africa In 2016. Mansour Group began as a cotton business founded in1952 by Mansour's grandfather, also called Loutfy - who was one of the first Egyptians to graduate from Cambridge. 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. How has the Suns' new starting group performed? Mansour is also a season ticket holder at Stamford Bridge, and hes already involved in sports as he acquired Right To Dream last year. Mohamed Mansour has led Mansour Group, together with his brothers, from one business breakthrough to the next. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. What you see is what you get.". 'When I was growing up [we had] Pac-Man, Donkey Kong, but certainly I didn't know about Man United, I didn't know about Chelsea, I didn't know about Tottenham. 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. Mr. Loutfy Mansour Founder Deceased in 1976 Mr. Ismail Mansour Founder Deceased in 1997 Mr. Youssef Mansour Mohamed Mansour is the Founder and Chairman of Man Capital. Mohamed Mansour wiki ionformation include family relationships: spouse or partner (wife or husband); siblings; childen/kids; parents life. Have A Nice Day In Latin Tattoo, The Mansours big break came when they set up a General Motors dealership. Philanthropic endeavours have always been a primary pursuit for him. I asked him what I should learn. He is married and He speaks often about the potential for leadership and power to corrupt, and would like to think that he is the same person he always was. on the Advisory Board for the Centre for Contemporary Arab Studies (CCAS) at After a rapid rise through the world of finance, he helped set up Eldridge Industries in 2015. Fayed worked for his wife's brother, Saudi Arabian arms dealer and businessman Adnan Khashoggi. Loutfy Mansour resumed his position as Chairman of the Mansour Group on 28. 'Kids these days are fully aware of what's the best and the Premier League is the best. 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. 'The family office is an integral part of the Mansour Group's strategy for future growth and London is the best place for expanding internationally.'. Mohamed Mansour, Founder and Chairman, Mansour Automotive Company Egypt Champion's Profile Net Worth $2.7 billion Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy. 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. Yassen is one of the five children of Loufty and the youngest brother of the . His son, Loutfy, attended Georgetown and heads the group's investment arm. 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. https://www.insidermonkey.com/blog/15-richest-people-in-africa The business flourished until it was nationalised by the then Egyptian president Gamal Abdel Nasser, forcing the original Loutfy to relocate to Sudan to work for a cotton family. 2011-427 2011-03-23. Mansours wife, Sumaya, said the couple was returning home to the village of Biddu after visiting a clinic in Bir Naballah. It was a crushing loss, but Mr Mansours pride at the thousands who turned up to the funeral of his father and, later, of his mother is evident. Weve been investing in Egypt for decades.. Manfoods was established as the sole franchisee for McDonalds restaurants in Egypt. As a young manager, he steered the Company towards a path of sustainable growth driven by key performance drivers, whereby based on his success he was then moved to the Commercial trucks Division as his final stepping stone before becoming the head of VSM. After Cambridge, he returned to Egypt, held various government positions, including Under-Secretary for The Ministry of Agriculture, specialising in the . In 1968, the President of Sudan engaged Loutfy to upgrade his countrys cotton industry. The group as a whole now has more than 60,000 employees in some 120 countries around the world. He holds the position of chief executive of Man Capital, a section of his family's enterprise, the Mansour Group. to companies with attractive growth perspectives. Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations. Kroenke, 74, originally thought he had successfully bought the baseball side, but was beaten by a winning bid of 1.3bn - a record sum at the time. They say things like 'daddy, I love you'. Is that because they find the situation in their homeland untenable? Controller for six years until becoming CFO. Mansour, who has a Chelsea season ticket, had appeared to be in the frame to purchase the west. Loutfy Mansours first business venture, in 1952, was a cotton export company; it has evolved into the 60,000-employee, $6 billion Mansour Group, the worlds largest distributor of Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. 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). is the Founder and also Chairman of the Mansour Automotive Group, the largest The businessman also came under fire when it emerged he had furloughed almost 800 members of staff from his luxury hotel groups. Mohamed L. Mansour, global philanthropist, entrepreneur and NC State alumnus, will address the Spring 2022 graduates. Yasseen Mansour is one of five children of Loutfy Mansour (1909-1976), the founder of Mansour Group. His The doctors had wanted to amputate his leg, but the headstrong boy refused. All Rights Reserved. Man Cap was founded in 2010, before the Egyptian Revolution. PHILLIPS: Can you tell me, are there anymore survivors than the 78 that we have been talking about on CNN? Loutfy Mansour is the founder of Mansour Group. 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. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. The father seemed to have picked up a thing or two from his son during those many hours in the hospital as well. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. No matter how clear the skies, though, it seems likely that the figure unwinding on the deck has at least one eye scanning the horizon just in case. environments resulted in the group investing ahead of time in the advanced SAP In 1976, just as the company was about to receive its first shipment of cars, another unexpected blow struck. Life was good, he says, recalling that his undergraduate self drove a Corvette and partied a little too much. police officer relieved of duty. Two of his brothers are also billionaires, Mohamed Mansour and Youssef Mansour. Mansour Group acquired Unatrac, Unilevers Caterpillar dealership in East and West Africa. Mansour Group is the largest General Motors distributor in the world, fifth largest distributor of Caterpillar Inc and represents some major international brands including, UPS, Red Bull, Chevrolet, McDonald's etc. Palm Hills Developments, a leading real estate developer in the Egyptian market, was established. In the past, he has said that he would be as bored as hell if he sat on a boat off the Riviera. The Mansours own Mansour Group, a massive Egyptian conglomerate with $7.5b in annual revenues, and Loutfy is the head of its investment arm, Man Capital. The partnerships first major project is to build a Right To Dream academy for boys and girls in Egypt. In 2013, he signed The Giving Pledge, thereby agreeing to give away the majority of his fortune. and has offices in over 100 countries. We don't like squandering money or we wouldn't be where we are today. 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. However, the Russians time with the Blues has come to an end just this week as he officially announced that he will be selling the club. Mohamed Loutfy Mansour Biography. Chairman & Co-Managing Director at Palm Hills Development Co. Palm Hills Development Co. engages in investing in real estate in the new cities and new urban communities. Courtesy MansourGroup. 'I think it's made us what we are today,' he says. The outlook is global. Mohamed He sponsors professional cycling team the Ineos Grenadiers, who under their previous name, Team Sky, won the Tour de France seven times. Chelsea news, exclusives and. He resigned from the ministry after a deadly train collision in 2009, deciding to move to London which he looks on as a second home. Today, its six subsidiary companies operate from Colombia to Papua New Guinea, in sectors ranging from automotive and consumer goods to banking and real estate, education, health care, transport and logistics, oil and gas, media and technology. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. President Nassers nationalisation policy led to the Mansour familys business and assets being confiscated. In total, FCN has generated. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Accounting Certificate from the American University in Cairo. and can be summarised into six main business divisions: automotive, capital markets, beliefthat people are the key assets for the companys success and future Appointed Exclusive distributor for Iraq MAC International. ,Sitemap. . Born in 1952, Sir Jim grew up in a council house on Dunkerley Avenue in Failsworth, a small town between Manchester and Oldham, before attendingBeverley Grammar School when his family moved to Yorkshire. A Pakistani businessman, Afridi has already dipped his toe into the world of sport as he is the owner of Peshawar Zalmi, a cricket franchise in the the Pakistan Super League. During the next 20 years he transformed it into the world's fourth largest chemicals company, with annual revenues of 45bn. Loutfy died aged 67 after a brain haemorrhage. His last assignment with General Motors was based in South Korea as Vice President - Sales, Service & Marketing for both the domestic market and export operations. They are not spoilt; they are hardworking and down to earth. Mohamed It is the largest General Motors dealer in the world, and the fifth largest distributor of Caterpillar Inc. products globally. He has attended He took on a job as a waiter in a pizza restaurant earning $1.25 an hour. He passed away in 1997 and was succeeded by his brothers, sister and three children. The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea. . It became the second-largest cotton exporter in the world. 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. Boehly (second from right) and his family - including his wife, Katie, far right) attend Los Angeles Dodgers Foundation's 3rd Annual Blue Diamond Gala at Dodger Stadium. Islamic Center of Cleveland serves the largest Muslim community in Northeast Ohio. 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. The Mansour operations span internationally across several major industrial sectors With total revenues exceeding $7.5 billion, the group has operations in the automotive, financial services, investment, and foodstuff sectors, among other sectors. Appointed MG exclusive distributor for Egypt. Today, Mansour Automotive is associated with several leading global automotive companies and brands including GM, Isuzu Motor Corporation, Stellantis and SAIC. Biography and booking information for Mohamed Loutfy Mansour, Chairman, Mansour Group Egypt. American Chamber of Commerce in Egypt, as well as the Secretary General of the It is a far cry from the beginnings of the family business. Egyptian businessman and Chelsea season ticket holder Loutfy Mansour has pulled out of the running to buy the Blues from Roman Abramovich. The largest supermarket chain in Egypt with over 100 stores, catering to a high-quality shopping experience. The Mansours own Mansour Group, a massive Egyptian conglomerate with $7.5b in annual revenues, and Loutfy is the head of its investment arm, Man Capital. organization. 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. It means were not thinking of the exit. that is abreast with the latest trends in retail and customer experience and Bachelors Degree in Engineering from North Carolina State University, USA in He was credited with the launch of Chevrolet Brand in Korea in 2011 and laid a strong foundation for the new brands growth and success. Rawya Mansour is the Founder and Chairwoman of RAMSCO Trade and Distribution, which she created in Egypt in 2007. His passion In 2019, the 69-year-old identified Chelsea's Stamford Bridge stadium as a major issue for any potential owner. Since An agreement was reached to make Mansour Group the sole licensee to manufacture and distribute Philip Morris tobacco products in Egypt. 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. Search for: Recent Posts. October 2009 following his resignation as Minister of Transport for the Deepening an already extensive and long-term partnership, General Motors acquired a stake in Al-Mansour Automotive. Amn Healthcare Layoffs, The factory bottles water from a reservoir that is over 1,000 meters deep in the Siwa oasis. Yasseen is the co-founder and an active member of the Lead Foundation. Investments globally with the focus of providing capital and strategic support By revenue, it is the second largest enterprise in Egypt. Loutfy Mansour - the rising son - FT.com . Mohamed Mansour is Sunni Muslim;; Mohamed Mansour is also the founder of "Lead Foundation", which provides funding to small and medium enterprises; of the Mansour Automotive Company since 1994. 1968 and a Masters Degree in Business Administration from Auburn University, Mansour and each of his siblings are among their native country's wealthiest citizens. After Cambridge, he returned to Egypt, held various government positions, including Under-Secretary for The Ministry of Agriculture, specialising in the export of Egyptian cotton. Copyrights 2023 Mansour Automotive. loutfy mansour wife. In 2019, Wyss gave an interview toSwiss newspaper Neue Zrcher Zeitung, in which he slammed 'populist politicians' and appeared to call for a re-run of the 2016 Brexit referendum. Mohamed Mansour took over Mansour Group, which was founded by his father Loutfy Mansour. MAC GROUP ACHIEVED RECORD SALES OF 94,022 UNITS. Mansour's father lost his fortune when Egypt's then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. 2018 Islamic Center of Cleveland. All rights reserved. Loutfy Mahmoud Mansour is currently the head of Sales & Marketing (VSM) of Mansour Automotive Companys operations in Egypt. Loutfy Mansour - Man Capital Man Capital Man Capital is a family office and family owned private equity and alternative investment fund. One thing I can tell you about the Mansours is that we value our name and were fighters, he says. 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. Family matters to Loutfy Mansour. also invested in Education, Health Care, Oil & Gas, Telecommunication He is the Founder and Chairman of the Lead Foundation, a non-profit organisation providing funding to small and micro enterprises for impoverished women in Egypt, which to date has granted 3.5 million loans. 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. May 2021; Categories The government totally confiscated the Mansour Familys businesses and their assets sequestrated. Loutfy would go on to become managing director of the Sudan Cotton Company. With all the tenacity and vigour of the talented athlete that he had shown himself to be at his prestigious Victoria College in Alexandria, he vowed to stick it out as long as necessary. Egyptian Centre for Economic Studies (ECES). "I get one every Father's day and birthday, and things like that. He proactively changed the organization culture and structure to be more efficient with proper succession planning, lean management & clearly defined goals. They are the qualities he credits for his successful leadership at the helm of the Mansour Group, a global family-owned conglomerate with a presence in 100 countries, 60,000 employees and revenue of more than $7.5 billion.
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