Mohamed Mansour (businessman)
Mohamed Mansour (born 1948) is an Egyptian billionaire businessman and former politician. He is the chairman of Mansour Group, a US$6 billion conglomerate that is the second largest company in Egypt by revenue. In November 2019, "Forbes" estimated his wealth at $2.3 billion. 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. 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. 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. Some of his other interests include Metro, the largest Egyptian supermarket chain, and McDonald's 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. Personal life. He is married with two children and lives in Cairo.