London Daily

Focus on the big picture.
Monday, Jul 21, 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
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
×