POLITICS

Egyptian billionaire Mohamed Mansour donates £5m to Tories

Mohamed Mansour, co-owner of San Diego FC, speaking at Snapdragon Stadium, California, last week
Mohamed Mansour, co-owner of San Diego FC, speaking at Snapdragon Stadium, California, last week
REUTERS

An Egyptian-born billionaire has become the Conservative Party’s biggest donor in more than two decades, after announcing that he had given the party £5 million before next year’s general election.

Mohamed Mansour, who was appointed the party’s treasurer last year, said he was donating the money to give Rishi Sunak the best chance of defeating Labour and having a full five-year term.

The money is the equivalent of about 16 per cent of the Conservative Party’s total income last year and more than the £4.8 million that the Tories reported in total donations in the final quarter of last year.

Mansour, who is believed to be worth more than £2.4 billion, initially made his money from his family’s business interests in Egypt, controlling the franchises