Posted by Natalie Blackwood -
October 27, 2014 -
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Yasseen Mansour and his brothers Youssef and Mohammed (both billionaires) run Mansour Group, which owns Caterpillar dealerships in eight African countries and General Motors dealerships in Egypt and Iraq, as well as supermarkets, McDonald's, and Philip Morris distribution in Egypt. He is a founder of publicly-traded Palm Hills Developments, one of Egypt's biggest real estate developers. All three Mansour brothers own shares in Palm Hills through their investment vehicle Mansour Group Investments, which loaned the company $100 million in 2012 to pay down debt. Although Yasseen stepped down as chief executive of Palm Hills in 2011, he remains chairman.