Friday, 26 April 2024

Mohamed Mansour, Founder and Chairman, Mansour Automotive Company

Egypt

Champion's Profile

Net Worth $2.7 billion Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy. Mansour established General Motors dealerships in Egypt, becoming one of GM's biggest distributors in the world. Mansour Group also has exclusive distribution rights for Caterpillar equipment. He was Minister of Transportation under the Hosni Mubarak regime. His brothers, Yasseen and Youssef, are also billionaires.

UNDP SDG

Entrepreneurship

Description and impact

The Lead Foundation focuses on reaching out directly to vulnerable segments of society most in need of empowerment: low-income entrepreneurs and women. The foundation has provided over 1.3 million loans to small businesses and underprivileged women in Egypt and successfully reaches out to and provides for its target groups.