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Wow! Here the 50 Richest Arabs in the World [Arab Money!]

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18-the-mansour18. The Mansour Family -$5.1bn; Country: Egypt

The company’s operations span internationally across several major industrial sectors and can be summarised into five main business divisions: automotive, capital markets, consumer and retail, industrial equipment, and services.

The Mansour success story unfolded over three gradual phases: establishment and integration into the market; attracting international brands to build successful partnerships with while introducing its own brands to Egypt; and having its eye firmly on the future — fast tracking the group to further success with its strong balance sheets and structured investment strategy.

It all began with one man; founder Loutfy Mansour who established the company. Starting out in the cotton industry in the late 1940s, Mansour had a sharp business acumen that laid the strong foundation on which his sons have lead the company to even further heights of success.

The Mansours capitalised on this advantage and established companies such as Mansour Automotive Company (MAC) and Mantrac, attracting large international dealerships and making a name for Mansour in both Egypt and abroad. Nearly 70 years after their father’s first steps into the business world, three brothers — Youssef Mansour, Mohamed Mansour, and Yasseen Mansour; Mansour’s second-generation entrepreneurs — have led the company to consolidated revenues of over $4bn and a workforce of 38,000 employees.

17-toufic17. Toufic Aboukhater-$5.8bn; Country: Palestine

Self-made businessman Toufiq Aboukhater lives in Monaco and has stakes in oil, transport and manufacturing companies. The reclusive businessman started out working for Royal Dutch Shell, before going on to develop strong relationships in the Gulf and UAE, building one of the first cement factories in Ras Al Khaimah.

In early 2011, Aboukhater, who previously owned the Grand Hotel in Monte Carlo and the Dorchester in London (pictured), purchased, through his company Mansion Services, seven hotels branded by InterContinental Hotels Group Plc, including the Carlton Hotel on the Croisette boulevard in the French Riviera town of Cannes for about €450m. The seven hotels had changed hands several times before the purchase and had a valuation at one point of as much as €634m. Aboukhater sold the Carlton at the end of 2011 for €450m to a Qatari investor.

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