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| Description: Net Worth: $3 BILLION Industry: Diversified Country of Citizenship: Egypt Age: 66 Number of Jobs Created: 24,926 Teacher-turned-businessman Mohammed Mansour only stepped into business after a lecturing stint in the US. After completing his MBA at Auburn University, Mansour began lecturing at his alma mater before returning to Egypt to manage his family’s conglomerate, Mansour Group, along with his brothers Yasseen and Youssef. Mansour Group was founded in the 1950s by patriarch Loutfy Mansour. The group controls nine of Egypt’s top 500 companies, and its operations include the automotive, banking, consumer goods, media, oil and gas, logistics, machinery, real estate, and telecommunications sectors. The Mansour Group employs about 60,000 people and generated roughly $6 billion in revenues last year. The Mansour Group also owns Metro, Egypt’s largest supermarket chain, as well as an automobile distribution company that has exclusive licenses for General Motors, Chevrolet and Caterpillar vehicles. It also holds the country franchise for McDonald’s, a venture that generated over $200 million in revenues in the past year alone. |
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