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Egyptian businessperson and former politician (born 1948) From Wikipedia, the free encyclopedia
Sir Mohamed Mansour (Arabic: محمد منصور; born January 1948)[1] is an Egyptian-born British billionaire businessman and former politician.[2] He is the chairman of Mansour Group, a US$6 billion conglomerate. In October 2024, Forbes estimated his wealth at $3.3 billion.[3] He served as the Minister of Transportation in Egypt between 2005 and 2009.[3]
Sir Mohamed Mansour | |
|---|---|
محمد منصور | |
| |
| Minister of Transportation | |
| In office 29 January 2005 – 27 October 2009 | |
| President | Hosni Mubarak |
| Prime Minister | Ahmed Nazif |
| Preceded by | Essam Sharaf |
| Succeeded by | Alaa El Din Mohamed Fahmy |
| Personal details | |
| Born | January 1948 (age 76) Alexandria, Kingdom of Egypt |
| Children | 2 |
| Relatives | Youssef Mansour (brother) Yasseen Mansour (brother) |
| Education | North Carolina State University Auburn University |
| Occupation | Businessman, Chairman of Mansour Group |
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 nationalisation and confiscation of its assets in 1965.[4]
Mansour received 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] In 2022, Mansour was awarded an honorary doctorate by North Carolina State University and made "Honorary Doctor of Humane Letters".[6]
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 Caterpillar, General Motors, and McDonald's.[4][3] Mansour has led the group since his father died in 1976,[7] overseeing all the major corporate developments, including setting up the company's private investment subsidiary Man Capital in London in 2010.[8]
In December 2005,[4] Mansour resigned from his business responsibilities to serve as Minister of Transportation.[5][9] Mansour 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.[10]
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.[11]
He is married with two children,[3] and lives in Mayfair, London.[12]
As of February 2023, Mansour had donated £600k to the Conservative Party (UK).[12] He made a donation of £5 million that May.[13][14] The then opposition Labour Party demanded Tory Prime Minister Rishi Sunak return Mansour's donation, after it emerged one of Mansour's companies, Mantrac had still been operating in Russia after the invasion of Ukraine. In reply, Mantrac claimed it was winding down its business in Russia.[15] In March 2024, Mansour received a knighthood from Sunak for contribution to business, charity and political service.[16] The honour was criticised by opposing political parties and media outlets.[17][18][19]
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