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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. He is married with two grown-up children, who were given a fixed allowance, a basic car and a talking to about knuckling down when they went off to university. The 33-year-old has a season ticket at Stamford Bridge and believes that he can put together a bid for the club, sources to the Telegraph. 'I was fascinated.'. 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. ACHIEVED MARKET LEADERSHIP IN AUTOMOTIVE INDUSTRY. Se erhvervsrelationer, ejerskaber og roller i bestyrelser, direktioner, som stifter m.m. Build the best in class sales and service network to provide the highest buying and ownership experience to our customers. . of the Mansour Automotive Company since 1994. Now overseen by Mohamed, the family conglomerate employs 60,000 people and is among the largest in Egypt. Wife: Not Available: Sibling: Not Available: Children: 5 : Youssef Mansour Net Worth. MOHAMED LOUTFY MANSOUR, EGYPT TRANSPORTATION MINISTER: Yes, I can. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Ismail Mansour is most remembered for his generosity and kindness. 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. largest Caterpillar dealer in the world. Boehly andWyss are worth an estimated 9billion between them, with Mansour boasting a much smaller fortune - much of which will be wrapped up in the family business. In case Mansour acquires Chelsea, he will be the second Egyptian club owner in the Premier League, with the first being Aston Villa co-owner Nassef Sawiris. 33 . It took three years. He then taught at Auburn University until 1973. Its like you are sitting in the house but at least you have the open space in front of you, he says. Mansour's father lost his fortune when Egypt's then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. The new firm connected cotton traders in Sudan with international buyers. He is a former Loutfy Mansour attended St. John's College, Cambridge. And he explained to The Times in 2019: 'Even though clubs have those valuations today, nobody has ever paid those amounts of money. Save my name, email, and website in this browser for the next time I comment. Sir Jim, founder and boss of chemical giant Ineos, is a football obsessive who recently attracted controversy by his decision to abandon Britain for the tax haven of Monaco. The billionaire was born in Bern on September 19, 1935, and raised in a small apartment with his two sisters. Palm Hills Developments, a leading real estate developer in the Egyptian market, was established. But Mr Mansours monthly allowance of $200 stopped overnight with the nationalisation. Loutfy Mansour is currently the Chief Executive Officer of Mantrac Group and Man Capital LLP. Mr. Adel Khadr is a Archives. Chelsea takeover candidate Loutfy Mansour has revealed he has no intentions to buy the club. Country : Egypt. Loutfy Mansour founded Mansour and Sons Cotton Company in Egypt after which it soon exported to USA, the Soviet Union, China and the UK. Yasseen Mansour is a shareholder in Mansour Group, which was founded by his father Loutfy. In the past, he has said that he would be as bored as hell if he sat on a boat off the Riviera. He encourages them to follow his example by listening . The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea. Tarek Mansour is the cofounder and CEO of fintech company Kalshi. Man Capital acquired Vanguard Logistics Services, the leading neutral freight consolidation service. He is a former Beneath his sharp suit, the 33-year-old wears a number of bracelets given to him by his wife and son. territories of Egypt, Iraq, Libya, Ghana & Uganda. Yassen is the fourth son in the Mansour Family. He was still a very hard negotiator, though, he laughs. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. I get one every Fathers day and birthday, and things like that. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. multinationals in Egypt and the Gulf region for eight years. Today, he says he is still motivated by the same thing he was as a young man the family legacy. The Mansour Group is a global, family-owned conglomerate The Mansour Group was founded more than 60 years ago and now has over 60,000 employees, a presence in more than 100 countries and total revenues exceeding $7.5 billion. Al Mansour Automotive stays on top of the cars market in Egypt! 2011-427 2011-03-23. His son, Loutfy, attended Georgetown and heads the group's investment arm. The Mansour Group was founded by Loutfy Mansour. 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. Required fields are marked *. beliefthat people are the key assets for the companys success and future You always have to watch out for a rainy day because you never know, he says. Under his leadership and with a clear understanding of the market, Mansour Automotive has set up a formidable Sales, Service & Parts dealer The conglomerate is now. numerous advanced management courses, at the international educational You can say it's worth three, four billion but no one has ever paid those sums. Towers, Real Estate, Technology and Services. We try to buy and build companies, he says, over a long time frame. 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. Your email address will not be published. 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. Hints and clues to help you with today's Wordle. The investment business is firmly about wealth generation, not preservation, and is integrated with the wider group. Mohamed Loutfy Mansour Biography Mohamed Mansour has led Mansour Group, together with his brothers, from one business breakthrough to the next. Net Worth 2021: $2.5 B. 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. In an interview with the FT in 2016,Mansour spoke lovingly of his 'close-knit' family and described his fascination with business from an early age. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. Boehly's philanthropic activities include serving on the board of New York-based charity Faces - Finding a Cure for Epilepsy and Seizures - and Brunswick School, a private school in Connecticut. The government totally confiscated the Mansour Familys businesses and their assets sequestrated. In November 2019, Forbes estimated his wealth at $2.3 billion. Family matters to Loutfy Mansour. Yasseen is the co-founder and an active member of the Lead Foundation. The partnerships first major project is to build a Right To Dream academy for boys and girls in Egypt. Prior to MAC, he worked with Flemings as a Research Assistant. Its in our DNA, for all of us, its just about growth, growth, growth build new things, see new things. She attended Georgia Southwestern College, was a member of the Amor Sapientia Verta Sorority, and was selected Miss Georgia Southwestern College. Currently, the Mansour Group has Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Mansour's father, the late Loutfy Mansour, a successful cotton exporter, had wanted him and his brothers to go to NC State University because it was then - and still is - renowned for its textiles programme. USA in 1971. Contact All American Speakers Bureau to book the best keynote speaker for your next live or virtual event. According to the Telegraph, Egyptian billionaire Loutfy Mansour is among the interested investors as hes currently preparing a bid to buy the club. In 1968, the President of Sudan engaged Loutfy to upgrade his countrys cotton industry. The 66-year-old Saudi Arabian billionaire is the founder and majority owner of the Kingdom Holding Company. BusinessmensAssociation. 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. Galatasaray. Today, its network covers 100 countries, and it employs over 60,000 people. the Automotive Group established a clear vision and mission to deliver world Loutfy Mansour returned to Egypt and founded Mansour Automotive Company which became the dealer for GM in Egypt. Boehly, who bought a 27% stake in the LA Lakers last year, has spoken of his admiration for the Premier League. Adel Khadr graduated with a BSC Mechanical Production Engineering At Man Capital, we have a history of building longterm relationships with our investee companies, business partners and other stakeholders. Appointed Exclusive distributor for Iraq MAC International. Since The western world is quite close to us, Mansour says. The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea. Chairman of. General Fund Who is Mohamed Mansour? has kept the company on the path of growth despite economic and political He joined the Company in 1999 in the Parts Department and then subsequently gained experienced in Service & Marketing before taking a Managerial role as the Sales Manager for the Chevrolet and Opel Passenger Division. like Strategic Planning, Corporate Finance, Controllers Role, Financial Two of his brothers are also billionaires, Mohamed Mansour and Youssef Mansour. The name is essentially the brand and it has to remain squeaky clean. also served on the George Washington School of Business Advisory Board and the these values has enabled Mansour Automotive to earn the trust of over one million customers across the region. My colleagues Luisa Kroll and Kerry Dolan who oversee the Forbes billionaires list, had asked me to value the familys business, the Mansour Group, to see whether it made the cut. 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. Loutfy Mansours business character and values of integrity, hard work and confidence inspired him to branch out into a new industry; the Automotive. General Motors distributor in the world (outside of China) with distribution However, the Russian's time with the Blues [] Zelensky tells Putin 'sit down with me, I don't bite, I'm a Sajid Javid 'tells NHS to STOP using energy from Gazprom' 'Full-scale genocide' unfolds in Mariupol where mayor says Rory Tingle, Home Affairs Correspondent For Mailonline, Roman Abramovich confirms he is selling Chelsea donating net proceeds to victims of war in Ukraine, Loutfy Mansour the rising son | Financial Times, Building sanctions case against Abramovich and oligarchs may take months | News | The Times, Do not sell or share my personal information. It taught him the American way of communicating and the value of money. 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. The family office is an integral part of the Mansour Groups strategy for future growth and London is the best place for expanding internationally. His net worth has been reported as between 12 and 14bn. Family Office / Private Equity firm established to oversee the Groups Loutfy Mansour had four sons, Ismail, Youssef, Mohamed and Yasseen, and a daughter, Rawya. member. Alvin Mansour leads a team of highly qualified professionals specializing in net-leased investment sales, sale-leaseback transactions, and portfolio dispositions nationwide. and has offices in over 100 countries. Mansour Group began as a cotton business founded in 1952 by Mansour's grandfather, also called Loutfy - who was one of the first Egyptians to graduate from Cambridge. APPOINTED EXCLUSIVE OPEL SUP DISTRIBUTOR IN JULY. 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. Loutfy Mahmoud Mansour is currently the head of Sales & Marketing (VSM) of Mansour Automotive Companys operations in Egypt. is the Founder and Chairman of the Lead Foundation, a non-profit organisation Known for movies. Learn how your comment data is processed. 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. Commitment and support for the community is a cornerstone of the organizations operations. as the number one family business in the Middle East. President Nassers nationalisation policy led to the Mansour familys business and assets being confiscated. the Mansour brand across all the markets the company operates in. Other moguls to have signed the pledge include Elon Musk, Mark Zuckerberg and Warren Buffett. This company quickly became a very successful cotton exporting enterprise and gained international acclaim. His experience includes all aspects of the Commercial side of the business, Corporate strategy, Manufacturing planning, etc. on the Advisory Board for the Centre for Contemporary Arab Studies (CCAS) at I remember the first time I saw someone sell a car; what he said to the lady as she walked through the showroom. 2012, Man Capital has acquired OTS, a logistic company located in Long Beach, 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. 'So you have an uncongested time slot that is now fully dominated by the Premier League. In 2008, he donated 93.9m ($125m) to Harvard University, in what was then the largest donation in its history. View phone numbers, addresses, public records, background check reports and possible arrest records for Loutfy Mansour. 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The organizations core values of Integrity, Accountability, Customers First, Innovation, Empathy and Growth Through Continuous Improvement, are embedded in every aspect of the organizations operations from sales to after-service. Mohamed Mansour is the Founder and Chairman of Man Capital. His daughter, Amy, is also a billionaire after receiving a portion of the proceeds from the sale ofSynthes. Mr Mansours childhood home, with its 40 rooms and 30 staff was confiscated, and his father went from feted capitalist to persona non grata on a state income of $75 a month. Yassin Ibrahim Lotfy Mansour. 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. Loutfy Mansour died in 1976 and left his business empire to his four sons, Ismail, Youssef, Mohamed and Yasseen, and his daughter, Rawya. 'Me and three others received an offer to buy Chelsea on Tuesday from Abramovich. Mohamed Mansour founded the Lead Foundation, which has provided over 2.5 million loans to small businesses and underprivileged women in Egypt. organization. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM's biggest distributors worldwide. Mantrac became the sole authorised dealer of Caterpillar products in Egypt. He was educated internationally and in 1933 was awarded a BA at St. Johns College, Cambridge. Dominic Cummings swaps Barnard Castle for the blockchain, Empty offices on Mondays and Fridays spell trouble, How to avoid the return of office cliques, The sinister PR push that links cyber criminals to CEOs, How to build a freelance career straight out of college, Dublin Airports Dalton Philips: You really cant communicate too much in a crisis, The billionaire boom: how the super-rich soaked up Covid cash, Hot in the City the FT summer beauty guide. 'For the British people's sake, I hope that there will be another vote when all the facts are on the table,' he said. 'Ineos has always tried to take a sensible approach. All Rights Reserved. You are here: Home 1 / Uncategorized 2 / loutfy mansour wife. We dont have to report something every quarter. There is no financial engineering, and even the 2012 acquisition of OTS Logistics a company with $700m of sales was completed without debt. Mohamed It all began with one man; founder Loutfy Mansour who established the company. From early 2006 until October 2009 Mansour was appointed as the Minister of Transport, one of the largest service ministries employing up to 280,000 people, and overseeing 23 affiliate authorities in five main sectors: roads and bridges, railways, metro, river transport, and maritime transport and ports.