With a net worth of over $1 billion, Randal Nardone is one of the world’s wealthiest people ranking #557 on Forbes list of self-made billionaires. He has amassed his big fortune over years due to dedication and hard work at Fortress Investment group, and has made a name for himself in the world of finance due to his long string of roles in investment companies.
Randal has been serving as a principal to Fortress since its inception and as its CEO since 2013. He also serves various other roles in Fortress’s subsets and works with companies like Springleaf Financial holdings as chairman and president. Also, Mr. Nardone has roles in companies such as New Castle investment holdings, IMPAC holdings, RIC Coinvestment funds and Eurocastle investments limited among many others.
It is interesting to know that initially, Randal Nardone was in the law arena. He even holds a JD in law from the University of Boston and had even started setting the foundation for a lucrative law career at Thacher Proffitt & Wood, where he was an executive member, as well as a partner. However, during the process, he realized that his passion was working with numbers and managing assets.
He did not wait; instead, he began empowering himself with knowledge on how to merge law with finance management and step by step, made a transition to this sector. Mr. Nardone’s first finance role was at Blackrock where due to his excellent leadership and skills was appointed principal. This is where he first rubbed shoulders with his colleague now turned business partner, Wes Edens. In 1997, Randal Nardone got a managing director position at UBS, where he served for a year, and later resigned to establish Fortress Investment group with Wes Edens and Rob Kauffman.
Randal Nardone is one of the co-founders of Fortress Investment Group. He along with Rob Kauffman and Wes Edens established Fortress investment group in 1998. The company saw immense success and today manages $ 43 billion for its 1750 clients. The company operates in three main divisions that are Private Equity, Permanent Capital Vehicles, and the credit division. The company is based in New York where they use their expertise in financing, ownership, and management of both financial and physical assets to earn revenue for investors. Visit angel.co to learn more about Randal Nardone
The company employs more than two thousand people in its various offices. Many people who have worked at Fortress investment Group say it is a good place to work although there is a lot of competition. For young professionals joining the job market, it is a great place to learn as one encounters many experts in the financial investment field. Quick learners are given more responsibilities. Many who gave the company a five-star rating said that the company rewards hard work and initiative and the pay is good.
They also mentioned that the company has access to many industries and this means one can learn a lot working for the company. Before joining Fortress Investment Group Randal Nardone worked at UBS Group which is an Investment Bank based in Switzerland. While there he had served in the position of Managing Director for a year. He has also held the position of Director in the company Aircastle Limited as well as Seacube Container Leasing Limited. He sits on the boards of Florida East Coast Railway, Springleaf REIT, Eurocastle Investment Limited among others.
ter the acquisition of Fortress Investment Group in 2017 Randal Nardone chose to stay along with Wes Edens and Peter Briger as Principals. The company was acquired for $3.3 billion and the principals saw it as an opportunity for Fortress Investment Group to grow and serve a wider clientele. Softbank acquired the company with the hope that the acquisition would strengthen their investment division.
There are many talented individuals that have contributed to the success of Fortress Investment Group over the past 20 years. Peter Briger is not an original founder of the company but he did join their ranks just four years later with more than 15 years of experience in finances. Peter Briger currently sits as the co-chairman at Fortress Investment out of his office in San Fransisco. Fortress Investment’s headquarters are in New York, where the company was founded, but they have continued opening new office locations around the world. Visit fortress.com to learn more.
When Peter first started working at Fortress Investment, it was a privately held company, which actually limited its overall growth in the market. Because of this, Peter Briger pushed to have the company become publicly traded and even helped in the transition. By 2007, Fortress was a publically traded company and had been featured on the New York Stock Exchange. Peter has amassed a huge amount of wealth during his stint as a financial executive and investor and his net worth is above 2 billion dollars today. As a matter of fact, all of the Fortress Investment Group executives have become billionaires for their success at the firm. Thousands of clients have invested in Fortress Investment and the company is able to comfortably manage more than 70 billion dollars for their clients in dozens of different countries.
Peter Briger managed to maintain his executive positions at Fortress Investment Group despite their recent acquisition by Softbank Group. Softbank is a massive Asian tech company that purchased Fortress Investment for a sum of three billion dollars, nearly half of which went to top executives at the firm. Despite this acquisition, Softbank made an agreement to leave everything as is and let Fortress Investment Group operate on its own terms as it always has.
It seems like quite a jarring career change, going from medical doctor to owner of a car dealership. But that is the story of Carlos Alberto de Oliveira Andrade. Back in 1979, “Dr Carlos” was a renown physician in Northern Brazil. One day, he went to the Campina Grande Ford dealership to purchase a new car, a Landau. But before they could deliver the car to Carlos Alberto de Oliveira Andrade, the dealership went bankrupt. He proposed that the dealership be transferred to him as compensation for not getting his car. The deal was agreed to, and the dealership was renamed CAOA, after the doctor’s initials.
Carlos Alberto de Oliveira Andrade did not just sit back and treat his new purchase like a hobby. He actively managed the dealership, and within six years, CAOA became the largest Ford dealership in all of Brazil. When the country allowed imported vehicles to be sold within its borders, Carlos Alberto de Oliveira Andrade took advantage of this. CAOA became the exclusive importer of vehicles from the French firm Renault. This relationship proved highly successful as Renault became the highest selling imported car in Brazil. When CAOA’s partnership with Renault ended before the close of the decade, Carlos Alberto de Oliveira Andrade struck a deal with Suburu to become its exclusive importer in Brazil. In 1999, CAOA also became an exclusive importer for Hyundai. In 2007, the two companies opened the first ever Hyundai factory in the country.
Along with being a successful auto dealer, Carlos Alberto de Oliveira Andrade has shown that he is also a socially responsible businessman. In 2010, CAOA was given the Good Doer Award for its efforts to reduce waste and help with reforestation. In 2015, the company opened the Center for Research and Energy Efficiency (CPEE) at the CAOA Assembly plant in Anápolis.
Similar to Amazon, JD.com (Jingdong) now plans to offer distribution customer service to Chinese customers. The Chinese e-commerce firm will utilize its company app for logistics and distribution efforts. Corporate strategy has replicated Amazon in that internal infrastructure/technology mechanisms are available to other industries and shippers using the digital platform. “This marks the next step in leveraging the nationwide logistics network that JD has built over the past decade, to expand the range of services available to our users,” said Zhenhui Wang, CEO of JD Logistics.Parcel shipping will include electronics and other valued luxury goods. Beijing, Shanghai and Guangzhou customers may now send Jingdong products within mainland China.
Reliable Travel for Goods to Destination
Based on a recent JD.com survey of urban professionals, 74% of respondents valued a same-day, reliable mechanism for product delivery. Customers may utilize both the JD.com app and WeChat for scheduling needs. Jingdong infrastructure is currently in place.JD.com recently launched an ancillary venture to develop automation technology and urban logistics. This initiative, a new research center in Xiongan, China, targets Smart cities in China. The Urban Smart Logistics Institute is tasked with:
Urban Logistic Hub Planning
Urban Logistics System Design
Big Data Platforms
Cloud Computing Platforms
Environmentally-Friendly Logistical Solutions for Underground/Ground Systems
Both initiative are currently active. As China’s largest online retailer, JD.com is a member of the Fortune Global 500 and remains the country’s #1 e-commerce platform. Both local and international brands are offered through the digital website. With the advent of logistical delivery technology, Jingdong has brought all product lines to the Chinese consumer in real time. Same-day delivery value will be guaranteed. Products remain under warranty with customer satisfaction, similar to Amazon, driving the corporate model.
Before Malcolm CasSelle became CIO for in-game asset seller OPSkins, he served as CTO and president of New Ventures for Tronc Inc. A experienced entrepreneur, executive, and investor CasSelle had made some rounds before settling with OPSkins. His first foray was a web-based start-up called NetNoir which he co-founded. His storied career has taken him across the sea to Hong Kong. He has served as founder, CEO, and top-level exec for numerous firms. His work focusing on social media, payment solutions, and even web design. CasSelle is now reclaiming the title of president with the formation of a new market platform called WAX. WAX, or Worldwide Asset eXchange, is a P2P market that consists of a network of games.
P2P stands for player to player, and in WAX’s system such trades can be made cross game. This means assets purchased from one game can be sold for assets from another. A big deal in the gaming world. OPSkins is currently a global leader in digital in-game wares, which makes WAX a profitable step to take. What makes WAX magical is the concept of blockchain technology. Blockchain tech is slowly changing the entire face of cryptocurrency, and opening the doors to a wide variety of possibilities. Chief among them being the operation of sales in a decentralized market.
Blockchains eliminate fraud by ensuring the members of a transaction are legitimate. It does this by compositing lists of transaction data for users, identifying any and all examples of unscrupulous behavior. Those records allow prospective buyers to be duly warned. According to CasSelle the possibilities for WAX do not stop there.
Malcolm CasSelle was an early stage investor in Bitcoin and Facebook. He has always had a good understanding of the ebb and flow of digital markets. Blockchains’ ability to open up decentralized markets is the future of virtual companies. WAX could be at the forefront of what makes cryptocurrency cross the threshold of mainstream. All it takes is for gaming giants to take interest and create their own marketplace.
Guilherme Paulus is a man that is not afraid to have big dreams. Although, his original dream was to become a doctor. He was not able to pursue this dream of his because his parents did not have the financial means to back him up at the time.
Guilherme Paulus has narrowed the keys to success down to a few traits that are necessary for almost any profession.
– Do not be afraid to risk
– Be optimistic
– Be determined
– Love what you do
This is advice from one of the best and most successful businessmen in all of Brazil. Guilherme Paulus has been honored and recognized by various international Governments. The Government of France honored him in 2012 for his many contributions to the development of tourism in France. For the internationally recognized businessman, customer satisfaction is of the utmost importance. For Guilherme, the customer is the coffee, the lunch, the dinner, and the gas. When you get a customer, you get a friend.
The successful entrepreneur did not start off successful. He began by working for IBM. He soon realized that calculations and numbers were not for him. He saw an ad in the local newspaper that was placed by the Casa Faro travel agency, and they were looking to hire a salesman. Guilherme quickly accepted the offer and began to explore his talents in the travel and tourist industries. During a trip, he met a politician named Carlos Vicente Cerchiari. The politician noticed how talented Guilherme was and offered him a partnership for the two to found their own travel agency. Guilherme agreed and proceeded to co-found the CVC travel agency with Carlos in 1972. Carlos left the business venture after four years and sold his shared to Guilherme Paulus.
At 86 years old, the CEO and Chairman of OSI Group Sheldon Lavin is one of the oldest executives worldwide. He is the most prominent figure at OSI and has been at the heart of the company’s operations since the 1980’s. In fact, he is the force behind the strategic global growth of the century-old company founded by Otto Kolschowsky. Sheldon Lavin is one of the leading executives who came from humble backgrounds to run the most successful businesses, in this case, a leading figure in the food industry. Lavin’s tenure at OSI Group began in the 1970’s when he joined the entity as a partner. During the decade, he vigorously pushed for the company’s global growth agenda. It is from his interest in initiating global growth that Lavin rose to the position of the chief executive officer in the 1980’s.
While he was entering OSI Group in the 1970’s, Lavin had experience in the investment and banking industry. This set of knowledge was critical at the time since the enterprise needed an experienced executive who would discuss international deals. At this time, Lavin had already acquired half ownership of the company and had 100% control vote. But his mission wasn’t to stay at the company, but to help it grow globally. This prompted Sheldon Lavin to start a series of international mergers and acquisitions as part of his strategic growth agenda and more
Before his entrance, OSI was majorly dealing with the supply of fresh beef. After his entry, the company diversified its interests to cover broader components of the food industry such as poultry production. The first decade of the new millennium was the best time for OSI to expand its poultry business. It first started with partnering or acquiring poultry companies in the US, then broadened to partnering with international companies.
Indeed, the credit of transforming the OSI Company to its current top status in the food production sector goes to Sheldon Lavin. Throughout his tenure as the company’s senior executive, Lavin has provided strategic leadership aimed at expanding the company’s growth through mergers. Since Lavin has no plans to retire from the top executive role, OSI Group will continue with its global partnership deals and cement its rank in the food industry.
Tony Petrello is a corporate executive and a philanthropist. He is the CEO of Nabors Industries, the largest oil drilling firm in the United States. Tony Petrello has led this firm since 2011. In this duration, the company has jumped into the number one drilling firm globally by recording huge return every year. Petrello initially joined the firm in 1992 as the chief operating officer of the company.
He has worked in various senior management positions before being appointed the CEO. As a philanthropist, he has supported various vital causes in different sectors such as medicine and education. He is behind the development of the first neurological research center in the world. The center is located at the Texas Children’s Hospital.
Before joining Nabors Industries, Tony Petrello was working as a lawyer in a law firm known as Baker & McKenzie. He used to deal with taxation and arbitration. While working in this field, he developed a passion for finances which would lead him to Nabors Industries. He only worked as a lawyer for a few years before joining Nabors industries. Nabors industries was a client at the Baker & McKenzie law firm. Being a brilliant lawyer, the management of Nabors saw great potential in Tony Petrello and decided to hire him. Anthony Petrello was now was a mathematician turned lawyer and now a corporate executive. This was a huge twist of events that no one would have expected from him.
Nabors Industries has a long history. It was started in 1968 as oil, natural gas, and geothermal drilling equipment contractor. The company deals with off-shore drilling. The company now operates in 25 countries and is the biggest on-land drilling from around the world. The company headquarters are in Texas, where Petrello currently lives with his wife Cynthia and they have a daughter known as Carena.
Apart from his work with Nabors industries, Tony Petrello is trying his hand in philanthropy. He has so far supported hundreds of people through funding to various initiatives. Petrello has made a fortune from his career and now, he is focused on giving back to the community by availing humanitarian support to the people in need. His biggest achievements go to the development of the neurological research center at Texas Children Hospital. This is a center that is intended to come up with a treatment for neurological disorders in children. His daughter Carena is a victim of neurological disorders which he suffered at birth. Petrello hopes that by supporting this research, the lives of his daughter and hundreds of other similar children will be restored to normalcy.
Indeed, if there was a hall of fame for hoteliers, then Shiraz Boghani’s name would be on it in a prominent status. He would probably even be a first-ballot inductee. Once you study him, you realize that man takes hospitality to a whole new level and has had an illustrious career in the hotel industry.
He actually started breaking ground in the hotel industry a long time ago, in the early 1990’s. A native of London, Shiraz Boghani was the first hotelier to introduce limited service branded hotels during that decade. Since then, Boghani has kept busy, introducing 25 such projects over the years.
Currently, he is the chairman of Splendid Hospitality Group, and in this role he is dedicated to instilling a positive growth strategy in the business and helping it continue to thrive for the long remainder of the 21st Century. Shiraz Boghani continues to expand the Splendid Hospitality Group, and he has done so not only by his excellent leadership but by surrounding himself with only the best people. Engineers, doctors, logistical experts and construction professionals are all dedicated to building only the best hotels for the Splendid Hospitality Group. It is a credit to Shiraz Boghani’s dedication that he is able to inspire such loyalty across the board.
If he had this track record alone, he would be seen as a far superior hotelier businessman. However, what is perhaps surprising is that these have not been his crowning achievement during his illustrious hotel career. No, he reached the pinnacle of success in the hotel industry in 2016.
It was during that year he was awarded the Hotelier of the Year at the Asian Business Awards banquet. This prestigious award is judged by a number of experts, including noted journalist Amit Roy, investment banker Jitesh Gadhia, and well-known executive Shailesh Solanki among others.
Shiraz Boghani was honored to have all of his hard work recognized, but he also had the humility to realize that he did not go on the journey alone. During his acceptance speech, he noted how if it wasn’t for the stellar executive team in place at Splendid Hospitality, he wouldn’t be where he is today. He gave special thanks to Splendid Hospitality CEO Stuart Bailey. There is no doubt that Shiraz has come a long way since his days as a struggling young accountant in the UK fresh off the boat in 1969!