Top 10 billionaires in Africa and how they made their money

Mohamed Mansour (Net worth: $2.3 B)
Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees.

Mohamed Mansour took over the Mansour Group in 1976. From early 2006 until October 2009, he was appointed as the Minister of Transport in Egypt, one of the largest service ministries employing more than 250,000 people.

Mohamed is the Founder and Chairman of Mansour Automotive Company (General Motors’ distributor in the world outside of China), Mantrac Group and Unatrac (Caterpillar’s distributor) and former Chairman of Crédit Agricole Egypt – the country’s second-largest bank.

He is the Founder and Chairman of the Lead Foundation, a non-profit organisation providing funding to small and micro enterprises for impoverished women in Egypt, which to date has granted 3.5 million loans. He has also served as the Chairman of the Egypt-U.S. Business Council and was the President of the American Chamber of Commerce in Egypt, as well as the Secretary General of the Egyptian Center for Economic Studies (ECES). He also served on the George Washington School of Business Advisory Board and the International Advisory Board of the Coca-Cola Company. He is currently serving on the Advisory Board for the Centre for Contemporary Arab Studies (CCAS) at Georgetown University and is a member of Harvard Kennedy School Dean’s Council.

Mohamed Mansour gained an engineering degree from North Carolina State University in 1968 and an MBA from Auburn University in 1971, where he taught until 1973.

He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.