Business

With a combined net worth of $67.9 billion, here are the top 8 richest African families and how they built their wealth

Mohamed Mansour — Photo Credit: Matthew Joseph

Mansour Family (Egypt)

Net Worth: $5.6 Billion

Mohamed Mansour superintends over the family’s business empire – Mansour Group (formerly Loufty Mansour and Sons). Mansour Group was founded by Loufty Mansour, the family’s patriarch who died in 1976. Long after his death, the legacy he built still stands till this day. Mohamed established a dealership with General Motors in 1975 and is now the sole distributor of GM vehicles and Caterpillar products in Egypt and some other countries. He was a former minister of transportation in Egypt (2006 – 2009). Mohamed is the 12th billionaire in Africa and 1238 in the world with a net worth of $2.9 Billion

Youssef Mansour is the Chairman of the family’s business. He controls the consumer goods arm of the business, which includes sole distribution rights for L’Oreal in Egypt and supermarket stores. Youssef is the 15th richest person in Africa and the 1,929 in the world, with a net worth of $1.6 Billion

Yasseen Mansour is a part-owner of the family business. He is the Chairman of Palm Hills Developments, Egypt’s leading real estate developer, possessing one of the largest and most developed land banks of 29 million square miles. Yasseen is the 18th billionaire in Africa and 2448 in the world, with a net worth of $1.1 Billion.

Page: 1 2 3 4 5 6 7 8 9

Ben Ebuka

Recent Posts

Gun violence: Mississippi mother’s two sons fatally shot in the space of a month

Violet Horne lost her two sons to gun violence within the space of a month.…

37 mins ago

Ohio police released K-9 on man after mistakenly believing he was driving stolen car

An Ohio man said a K-9 bit him seven times after he was pulled over…

51 mins ago

Namibia: Outrage after tourists are spotted posing naked at Big Daddy dune

Three male foreign tourists who were spotted posing naked in a popular dune in Namibia…

2 hours ago

Will.i.am partners with media veterans to acquire Uproxx, HipHopDX and more to form new studio

Will.i.am is partnering with other prominent figures to revolutionize the digital media scene by forming…

16 hours ago

Meet Eritrea’s Sabelle Beraki who built a thriving toy business out of frustration

Sabelle Beraki's childhood was inundated with the lack of representation when it came to a…

17 hours ago

How an entrepreneur used LinkedIn to raise $13.8 million

Benjamin Harvey is the founder of AI Squared, a third-party software company that helps organizations…

19 hours ago

Cheers erupt as 4-year-old girl rings bell to mark end of cancer treatment: ‘Nothing can stop you’

4-year-old Kataleya rang the bell with excitement to celebrate the end of her cancer treatment.…

20 hours ago

Ghanaian lecturer Anthony Baidoo sets record completing his PhD in just 30 months, university says

Dr. Anthony Baidoo of the University of Energy and Natural Resources (UENR) Department of Forest…

23 hours ago

NBA legend Carmelo Anthony now has a cannabis brand, with a portion of proceeds supporting a nonprofit

Carmelo Anthony is a 10-time NBA All-Star who played 19 seasons in his career. He…

23 hours ago

Emotional moment as mom sees daughter in her handmade prom dress

Jessica Leigh Webb sought to sew a prom dress in response to a specific request…

1 day ago

Meet the first identical twins to officiate at a national level in Australian football history

Townsville twins Page Malau-Aduli and Paula Malau-Aduli have written their names in record books as…

1 day ago

Mom could face death penalty for allegedly forcing her children to drink bleach and blaming ‘voodoo spell’

Authorities in Florida announced their intention to seek the death penalty for a woman who…

1 day ago

Kamala Harris’ Secret Service agent displayed ‘distressing behavior’ and had to be hospitalized: Report

Authorities said a U.S. Secret Service agent assigned to Vice President Kamala Harris had to…

1 day ago

Tupac Shakur’s estate threatens legal action against Drake for using A.I. vocals of late rapper

Tupac Shakur's estate has threatened to take legal action against Drake after he used A.I.…

1 day ago

UNC Charlotte renames residence hall after a Black alum in a history-making move

In a first for UNC Charlotte, one of its halls has been renamed in honor…

2 days ago