London Daily

Focus on the big picture.
Friday, Jun 20, 2025

Egypt-born billionaire makes £5m donation to UK Conservative Party

Egypt-born billionaire makes £5m donation to UK Conservative Party

An Egyptian billionaire has given the UK Conservative Party its largest donation in 20 years.
Mohamed Mansour told The Telegraph he believes Prime Minister Rishi Sunak is “very capable” and “understands how growth is generated in the modern economy.”

Mansour donated £5 million ($6.2 million) to the party — the joint-second largest individual donation in UK political history after Lord Sainsbury of Turville gave £8 million to the Liberal Democrats in 2019 — arresting a decline in funding that had seen it overtaken by the opposition Labour Party in its ability to generate cash.

Between July and September, the Conservatives raked in just £3 million, compared to Labour’s £5.4 million, led in part by the defections of major donors such as millionaire Gareth Quarry after the departure of Boris Johnson as prime minister. Quarry accused the Tories of being “riven with arrogance and complacency.”

Mansour, though, said Sunak “gets the importance of technology and innovation. He can make a modern economy work for all citizens.”

Mansour said he valued stability in government, having lived through the upheaval of former Egyptian President Gamal Abdel Nasser’s rise to power.

Mansour wrote in The Telegraph: “When I was a teenager, my family’s assets were confiscated by the state. Egypt’s President Gamal Abdel Nasser, under the influence of his Soviet mentors, nationalized the cotton industry, taking my father’s business from him.

“But he did not stop there. Nasser was convinced that private property rights should not stand in the way of his socialist creed and took my family’s land, homes and other assets.

“My life changed overnight. I was already at university in the United States, but from this moment on, my family could not support me. I had to trade in my car, knuckle down and work as a waiter to pay my way through college. I came to know what it is like to go hungry and to struggle to pay for food and utilities.

“This experience left me with a lifelong belief in the importance of political stability, property rights and the rule of law.”

He called the UK “a place where the rule of law is paramount, property rights are respected, and with an enviable record of political stability.”

He wrote: “I want to give (Sunak) the best chance of having a full five-year term, and so have donated £5 million to the party’s election fighting fund. I look at what he has achieved in his first months in office and think what he could do in five years.

“I love and respect this country, which has welcomed my family and me so warmly. It has a proud history and noble traditions. I believe that it has great days ahead of it. I want to do what I can to help this country — the place where I am watching my grandchildren grow up — achieve its great potential.”

The Conservative Party currently lags around 17 percent behind Labour across UK opinion polls, with the next general election expected some time in late 2024.

Mansour has previously given donations amounting to £600,000 to the party, and sits on the government’s advisory investment council.

He is the chair of the $6 billion conglomerate the Mansour Group, and is personally valued at being worth around $2.9 billion.

In the past he served as Egypt’s transport minister from 2006 to 2009 under Hosni Mubarak, the late Egyptian president forced from office in 2011.
Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×