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Egyptian billionaire Yasseen Mansour, a prominent figure in the business world, is known for his association with the Mansour Group and his role as the chairman of Palm Hills Developments. His journey began as one of Loutfy Mansour's five children, graduating from George Washington University, and later escalating his career by joining Mansour Motors Group in 1986. Alongside his cousin, Mansour co-founded Mansour & Maghraby Investment Development, a significant stakeholder in Palm Hills Development Company. Despite facing legal scrutiny over multiple Credit Suisse accounts as revealed by Suisse secrets, Yasseen was cleared of corruption charges in 2011, by settling with 250 million Egyptian pounds. With an estimated net worth of US$1.5 billion by Forbes in 2019, he resides in Cairo with his family, maintaining a pivotal role in Egypt’s finance sector.
August 08, 1961
64 years
Diversified
Diversified
Egypt
Cairo
Bachelor of Arts/Science, George Washington University
4
Yasseen Mansour, an Egyptian billionaire businessman, was born into a prominent family. He is one of the five children of Loutfy Mansour, the founder of the Mansour Group, a renowned Egyptian conglomerate. Two of his brothers, Mohamed Mansour and Youssef Mansour, are also billionaires in their own right. Yasseen Mansour spent his early years in Egypt, where he received his primary and secondary education.
Yasseen Mansour: Family
Yasseen Mansour comes from a close-knit family. He is married and has four children. The Mansour family is well-known in Egypt for their business acumen and philanthropic endeavors. Yasseen Mansour's father, Loutfy Mansour, built the Mansour Group from the ground up, transforming it into one of the largest private sector companies in Egypt.
Yasseen Mansour: Career Highlights
Yasseen Mansour's career is marked by several notable achievements. He joined the Mansour Motors Group in 1986, where he gained valuable experience in the automotive industry. Later, he co-founded Mansour & Maghraby Investment Development (MMID) with his cousin, Ahmed El-Maghraby. MMID is the majority owner of Palm Hills Development Company (PHDC.CA), a leading real estate developer in Egypt.
Yasseen Mansour: Companies
Yasseen Mansour is associated with several prominent companies. He is the Chairman of Palm Hills Developments, a publicly traded real estate company listed on the Egyptian Exchange. Additionally, he holds significant stakes in the Mansour Group, a diversified conglomerate with interests in automotive, construction, food, and other sectors.
Yasseen Mansour: Major Achievements
Yasseen Mansour's major achievements include the successful expansion of Palm Hills Developments into one of Egypt's leading real estate companies. Under his leadership, the company has developed several iconic residential and commercial projects, transforming the urban landscape of Egypt. He is also credited with diversifying the Mansour Group's portfolio and driving its growth.
Yasseen Mansour: Awards & Achievements
Yasseen Mansour has received numerous awards and recognitions for his contributions to the business community.
He was named "Businessman of the Year" by Forbes Middle East in 2019. Additionally, he has been recognized for his philanthropic efforts, including his support for education and healthcare initiatives in Egypt.
Yasseen Mansour: Personal Life & Legacy
Yasseen Mansour leads a private personal life and resides in Cairo, Egypt. He is known for his dedication to his family and his commitment to philanthropy. Yasseen Mansour's legacy is one of entrepreneurship, innovation, and social responsibility, leaving a lasting impact on the business landscape of Egypt.
Yasseen Mansour: Trivia
Yasseen Mansour's name appeared in the "Suisse Secrets" data leak, which revealed that he held multiple accounts at Credit Suisse. However, he was cleared of corruption charges in 2011 after paying 250 million Egyptian pounds to the authorities. His net worth is estimated at US$1.5 billion by Forbes as of September 2019.
Yasseen Mansour is born, one of five children of Loutfy Mansour, founder of Mansour Group.
Yasseen Mansour earns a bachelor's degree from George Washington University.
Yasseen Mansour joins Mansour Motors Group.
Yasseen Mansour co-founds Mansour & Maghraby Investment Development (MMID) with his cousin, Ahmed El-Maghraby.
MMID becomes the majority owner of Palm Hills Development Company PHDC.CA.
Yasseen Mansour is found to have multiple Credit Suisse accounts per Suisse secrets.
Yasseen Mansour is cleared of corruption charges after paying 250 million Egyptian pounds to the authorities.
Yasseen Mansour's net worth is estimated at US$1.5 billion by Forbes.
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