Randal Nardone is one of the Co-founders of Fortress Investment Group along with Peter Briger and Wesley Edens. The company was founded in 1998. Since then, Randal has been the principal of the leading investment company. Before its establishment, Nardone was a member of executive committee for ThacherProffitt& Wood before being elected MD for UBS, a multinational investment bank for one year and also a principal at BlackRock for two years. Since 2013, he has been the Chief Executive Officer. Apart from being the top rated CEO, Randal Nardone serves as a board member for Eurocastle Investment, Springleaf Financial Services, and Brookdale Senior Living. He is also the VP of Newcastle Investment.
About Randal Nardone, he is an alumnus of Boston University School of Law and the University of Connecticut where he graduated with a doctor of jurisprudence and a BA in English and biology respectively. He considers himself a self-made billionaire through his hard work and experience. In fact, Forbes ranked him at number 557 on the billionaire list in the year 2007. Softbank Group Corp. completed its acquisition of Fortress Investment Group in December 2017. There was a formal approval by the shareholders in July 2017. The acquisition is reported to have cost Softbank around $3.3 billion. To this effect, Softbank was to acquire all class A shares of stock.
On the other hand, Fortress would continue operating without interference and also retain its executive leadership, brand, and culture. Besides, the company was to continue its operation in New York. To Randal, the acquisition would open up opportunities to try new ideas and hence more opportunities for them. Focusing on the views given by previous employees at Fortress, it is statistically evident that most of them enjoyed working at the company. In fact, the executive leadership received high marks, especially Nardone. Fortress Investment Group received a 3.5 rating over 5. 69% of the workers would recommend the company to their friends. Besides, 92% approved for Randal Nardone as the CEO. On the hand, they confessed that the company had loads of work.In2016, the company was reportedly managing assets of worth $70 billion. Click here.
Peter Briger is presently Senior and co-Chairmanof Fortress Investment Group, a major worldwide investment management company, and a company leader and financial professionals based in San Francisco, California. The group serves both personal and institutional investors and monitors over $40 billion in assets. He is a major worldwide opportunity invester and established and heads Fortress Credit & Real Estate, mainly focused on underestimated, distressed and illiquid investment in a wide spectrum of sectors, asset class and geographies, and is responsible for it. Fortress Credit & Real Estate manages assets under management for over $26 billion with over 500 staff all over the business world.
Peter Briger was appointed partner at Goldman, Sachs & Co. in 1996 for a period of 15 years until entering Fortress in 2002. At Goldman Sachs, he held co-headpositions with the Comprehensive Sales / Trade Business, co-head theSales and Trading Group Fixed Income Principal Investments, co-head the Asian Debt Services company and with the Asian Real Estate Private Equity company, the co-head of the Goldman Sachs Special Opportunities (Asia) fund LLC. He was also a member of the Global Control and Compliance Board of Goldman Sachs, member of the Asian Management Committee of Goldman Sachs, and a member of the Japanese Goldman Sachs Board of Directors.
In addition to his amazing work, Peter Briger has been active in a number of philanthropic and community-driven causes. He is now a board member of Tipping Point, Caliber Schools and the Grace Science Foundation. Mr. Briger is also a member of the San Francisco Foundation University Board of Advisers, and of the New American Security Centre. Peter Briger is a member of the Board of Advisors. MrBriger also serves on the U.S. Investment Committee as founding member of the Board of the Peninsula Arts Guild. Soccer is a Foreign Relations Council member. He works hard at his investment business and he is kind to everyone around him. He treats his people like that matter and that can make a world of difference in the business world.
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Lui Qiangdong founded and still serves as the CEO of J.D.com the largest e-commerce business in China. Qiangdong is not precisely sure when he was born. Most likely sometime between March 1973 and February 14. His parents were hardworking employees of the coal shipping industry. He entered the adult world by obtaining a degree in sociology from Renmin University of China in 1996. While there, he also taught himself computer programming. It was also while there that he opened up a restaurant which failed in just a few months after opening. After also graduating with an EMBA from the China Europe International Business School, he got his first job with Japan Life.
During his time there he served in several different positions. His last, longest, and most important was as the director of computers. He left Japan Life in 1998 to open a store called Jingdong which specialized in selling magneto optical products. It became known for its authentic products when most Chinese technology stores just sold copies of authentic items. It soon became popular and top successful company that in just five years it had expanded into 12 stores. But that same year, 2003, success came to an end for many Chinese companies. That is the year that the SARS outbreak forced many shoppers and store staff to stay indoors unless absolutely necessary.
As a result, many brick-and-mortar stores were forced to close completely. In 2004, Qiangdong saved his by reinventing it into an online store which eventually was rebranded as JD.com. By late 2005 all of his brick-and-mortar stores were closed. JD.com began business by selling the same computer products as the physical stores but soon started selling all manner of items. Through the years it has partnered many companies in many industries. One of its largest stakeholders is Walmart which owns about 12 percent of the company. WeChat also owns a 15 percent stake in the company. It has been public for trading on Nasdaq in the US since 2015. It is currently known as “The Amazon of China.” Today, Qiangdong himself is estimated to be his net worth about $12.7 billion.