Change: - $800 M. Age : 73. He is the Founder and Chairman of Mansour Automotive Company, one of the worlds leading General Motors distributors, and Mantrac Group and Unatrac, distributors of Caterpillar machines. He is also Chairman of Man Capital LLP a London based 'As a kid I would go to the office. Empowering best in class management teams is the only way to transform a local player into a diversified conglomerate with multinational exposure. In the UK, meanwhile, the highest tax rate is 45% on income above 150,000-a-year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Loutfy Mansour - the rising son - FT.com . Prendre Rdv Vaccin Covid, Mansour was linked with taking over the club following . He 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. The Mansour 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. Its like you are sitting in the house but at least you have the open space in front of you, he says. He was also a key member of the Mansour Automotive task force team designated to secure the bid for the PSA business. 'Daisy Jones & The Six' is breaking records and topping charts. You guys have to take care of yourselves. So that's what we did, he says. Mansour and several other members of the family are now based in London, although he denied this was to escape unrest in his homeland. Currently, the Mansour Group has Copyright 2023 Mansour Group All Rights Reserved Loutfy Mansour is the founder of Mansour Group. From 1976 to 1981, he served as the CEO of the Loutfy Mansour Trading Company, the Chevrolet dealer in Egypt and part of General Motors. He said, Son, learn how to communicate and learn how to understand the Western mentality, and this was very important because I think its made us be what we are today.. 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. Loutfy Mansours business character and values of integrity, hard work and confidence inspired him to branch out into a new industry; the Automotive. Mr. Loutfy Mansour Founder Deceased in 1976 Mr. Ismail Mansour Founder Deceased in 1997 Mr. Youssef Mansour General Motors appointed Al Mansour Automotive as its official dealer in Iraq. In 1968, the President of Sudan engaged Loutfy to upgrade his countrys cotton industry. Ismail Mansour is most remembered for his generosity and kindness. This article was originally published on February 4, 2021. Is that because they find the situation in their homeland untenable? Egyptians will still need cars, services and so on, he says. Al Mansour partnered with BAT to distribute their extensive range of tobacco products in Egypt. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. network that has remained loyal to the group and its represented brands I.e. In total, FCN has generated. to companies with attractive growth perspectives. Yasseen Mansour net worth 2023 is estimated at $1.1 billion making him one of the richest men in Egypt and among the richest in Africa at the moment according to Forbes. Should Manchester United be going after Mohammed Kudus over Harry Kane and Victor Osimhen? Sir Jim was the UK's third highest individual taxpayer and forked out 110million in 2017-18, according to the Sunday Times tax list. The outlook is global. Yasseen is the co-founder and an active member of the Lead Foundation. Alvin Mansour leads a team of highly qualified professionals specializing in net-leased investment sales, sale-leaseback transactions, and portfolio dispositions nationwide. Born in 1909 in Egypt, Loutfy Mansour founded and began building the family business empire. is the Founder and Chairman of the Lead Foundation, a non-profit organisation Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. Weve been investing in Egypt for decades.. The first came not long after he moved to university in America at the tender age of 14. Under his leadership Mansour Automotive business has expanded exponentially in the last 4 years with new business being added to the group portfolio like Peugeot and MG Brand distribution in Egypt, Hero Motorcycles in Uganda, expansion of the distribution footprint in Sub Sahara Africa for GM & MG. Education Loutfy Mansour studied at St John's College, Cambridge. Mansour Group invested in this leading provider of offshore jack-up accommodation services vessels to oil and gas companies in the MENA and Asia-Pacific region. banks Global International Advisory Board (IAB). As Executive Managing Director Investments of Marcus & Millichap, he has completed commercial real estate investment transactions exceeding $8 billion. Chelsea news, exclusives and. Im running out of space, he laughs, proudly showing how they are crowding out the watch on his wrist. The fortune that Loutfy Mansour amassed as a textiles trader was lost in 1963 when the business was nationalised by the Egyptian government. Sir Jim, who bought French club Nicefor 91m in 2019,has previously been linked to both Chelsea and Manchester United, but has never gone ahead with buying a Premier League club because he considers them too expensive. Mohamed Mansour (born January 1948) [1] is an Egyptian billionaire businessman and former politician. Genlerbirlii As Mansour learned on all those summer jobs, the human side is important too. When the three brothers took over the company, the prevailing thinking from outsiders was that they would make a muddle of everything. Not at all, Mansour replies. Among the many programmes that he has created over many years . Planning Manager. Business. UK-based Man Capital LLP, which is the investment arm of the Mansour Group, a family-owned global conglomerate, takes the controlling shares of the Academy through Man Country: Egypt. As of today, we don't know the exact selling price.'. 'The issue with Chelsea is its stadium. Save my name, email, and website in this browser for the next time I comment. Olivier Knox/AFP, In Egypt, to be selected as a minister, especially coming from the private sector, is a powerful thing, he says. Confined as he was, Mohameds lonely days were spent reading but at night he gained comfort from conversations about international affairs, commodities, the brokerage industry or Mansour Snrs latest dealings in the cotton trade. Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations. Manfoods was established as the sole franchisee for McDonalds restaurants in Egypt. Registration 2011-03-23. At the heart of it all is family. The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea. The US is still an attractive market there for us, and we have a lot of affinities there. 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. I get one every Fathers day and birthday, and things like that. She is the wife of James F. Sams who served on the CCAS Board from the Fall of 2000 until his death in December 2005. Motors, Caterpillar, McDonalds, Crdit He soon established a successful and powerful partnership with General Motors. Mohamed Loutfy Mansour Biography. You name it, Ive watched it, he says. You can say it's worth three, four billion but no one has ever paid those sums. Commitment and support for the community is a cornerstone of the organizations operations. MohamedMansour, pictured above with his father, Loutfy,and two of his brothers, before the car accident that put him in hospital for three years and almost cost him a leg. ERP ecosystem to manage the business more efficiently and transparently. Who We Are Mohamed Mansour receives honorary doctorate from North Carolina State University Mohamed Mansour receives honorary doctorate from North Carolina State University Press Release Loutfy Mansour is CEO/Co-Founder at MAN Capital LLP. Among those who have already expressed interest in Chelsea is Swiss philanthropistHansjorg Wyss, who is tabling a bid with American investorTodd Boehly, the co-owner of the Los Angeles Dodgers and an avowed fan of Premier League football. At times, a companionable silence would fall as the radio played Voice of America or the unmistakable strains of the famed Egyptian singer Umm Kulthum. California with offices in over 106 countries around the World. few. Man Capital invests in 100m football partnership with Right To Dream. loutfy mansour wife; Recent Comments. Prior to the assignment in Korea, he was head of GM Indias commercial operations and under his leadership sales reached their peak in 2010. Mr Loutfy Mansour was the founder of the Mansour Group, which is currently run by his three sons including Yaseen Mansour. Mansour Group acquired Unatrac, Unilevers Caterpillar dealership in East and West Africa. The 5 Biggest Billionaire Losers In Africa In 2016. Significant co-investment in the first private sector, GM-operated vehicle factory in Egypt, manufacturing the Chevrolet Minibus. Search for: Recent Posts. MOHAMED LOUTFY MANSOUR, EGYPT TRANSPORTATION MINISTER: Yes, I can. 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. My father always told me: Mohamed, youre a very special young man because of the strength you showed when everybody was saying that we have to amputate the leg. I hope I am anyway, he says. The Mansour Foundation for Development (MFD) was founded to support and development programmes to empower people in Egypt. Islamic Center of Cleveland serves the largest Muslim community in Northeast Ohio. Manfoods was established as the sole franchisee for McDonalds restaurants in Egypt. 'How much did Abramovich pay for Chelsea, 100 million? Javed Afridi with Pakistan cricket captainAzhar Ali. He also switched his university major to mechanical engineering/textiles given his fathers business interests. in technology Facebook, Twitter, Uber, Spotify, Airbnb and Didi to name a CourtesyMansourGroup. Afridi has also sponsored several cricket tournaments in Pakistan through a number of his business ventures. 'So you have an uncongested time slot that is now fully dominated by the Premier League. After emerging from the gruelling hospital stint, he sat his final exams early and was accepted to study aerospace engineering at North Carolina State University. 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 66-year-old Saudi Arabian billionaire is the founder and majority owner of the Kingdom Holding Company. Egyptian Centre for Economic Studies (ECES). Other moguls to have signed the pledge include Elon Musk, Mark Zuckerberg and Warren Buffett. He encourages them to follow his example by listening . In 1964, the Egyptian President Nasser and his government nationalised the major industries including cotton. Today, Mansour Automotive is associated with several leading global automotive companies and brands including GM, Isuzu Motor Corporation, Stellantis and SAIC. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. He holds the position of chief executive of Man Capital, a section of his family's enterprise, the Mansour Group. He was educated internationally and in 1933 was awarded a BA at St. Johns College, Cambridge. has kept the company on the path of growth despite economic and political The Mansour operations span internationally across several major industrial sectors 2012, Man Capital has acquired OTS, a logistic company located in Long Beach, He only started his first business weeks before his 40th birthday and founded Ineos aged 45 in 1998. Mansour Automotive is a leading Egyptian and regional automotive distributor established in 1975 by the late Mr. Loutfy Mansour. The 86-year-old has no record of owning a football club or investing in sport, but has been far from idle in recent years, recently tabling a bid to buy the owner of the Chicago Tribune and New York Daily News. In 1952, he created a successful business in cotton exporting, and Loutfy Mansour and Sons was established. consumer and retail, industrial equipment, logistics and services. The business that Loutfy Mansour founded passed to his children sons Ismail, Youssef, Mohamed, Yasseen and daughter Rawya following his passing in 1976. Raed Mostafa is the CFO of MAC You are here: Home 1 / Uncategorized 2 / loutfy mansour wife. It comes amid reports Abramovich may still have 'weeks or months' before any possible sanctions,with the Foreign Office and National Crime Agency unable to prove 'reasonable grounds' for taking action, according to The Times. He passed away in 1997 and was succeeded by his brothers, sister and three children. Yasseen Mansour. Beneath his sharp suit, the 33-year-old wears a number of bracelets given to him by his wife and He adds: We have a presence in over 100 countries, so when one country is down, another is up its all part of our diversification strategy and long-term approach, which allows us to mitigate short-term noise. 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. This partnership was further cemented in 2001 when Mansour was appointed an exclusive GM distributor - a turning point in the history of the company. After Cambridge, he returned to Egypt, held various government positions, including Under-Secretary for The Ministry of Agriculture, specialising in the .