After nine years, Dangote is still Africa’s richest man; check who’s in the top 10

Mohammed Awal Feb 13, 2020 at 11:00am

February 13, 2020 at 11:00 am | Opinions & Features

Mohammed Awal

Mohammed Awal

February 13, 2020 at 11:00 am | Opinions & Features

Image result for Mohamed Mansour
Image: Cairo Scene

#7 Mohamed Mansour

With the net worth of $3.3 billion, Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees.

Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide, according to Forbes.

He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime.

Mansour Group has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. 

According to Forbes, Mansour’s brothers; Yasseen and Youssef, who share ownership in the family group, are also billionaires.

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