MOHAMED MANSOUR

CHAIRMAN, MANSOUR GROUP ORIGIN EGYPT RESIDENCE EGYPT SECTOR DIVERSIFIED 2016 RANK 24

Mohamed Mansour is Egypt’s third richest man, according to Forbes 2016 billionaires list with a net worth estimated at around $2.7bn. He oversees family conglomerate the Mansour Group, which has grown from $300m in turnover in 1992 to $6bn last year and has assets in 120 countries including sole distribution rights in Egypt for GM cars, Caterpillar construction equipment and the McDonalds brand. In an interview with The National in April 2016, Mansour revealed plans to grow the group’s annual revenue by around 10 per cent in the coming years and said it would continue to invest up to $125m in new business. Another goal for the businessman, whose previous roles have included chairman of Credit Agricole, Egypt, director of the Egyptian Stock Exchange and minister of transport, is to transform the brand into a global name.