Randal Nardone; the lawyer turned Financial Guru

Biz Journals just released their list of people on the move this month. Among the business people included in the list is one Randal Nardone. Randal is one of the principals of Fortress Investment Group. Randal is one of the Co-Founders of the company. He, Rob Kaufman and Wesley Edens started the company two decades ago as a mere private equity firm. After four years of operation, he and the other founders and managers decided to diversify the company and hired two other principles one of whom is Peter Briger who helped start the credit sector, the real estate business as well as the credit sector of the company. The company has since then grown to become an international asset and investment management firm with more than eighty billion dollars’ worth of assets under its management. The global clients that the company serves, belong to a variety of industries and are both individual and corporate. The company makes more than a billion dollars in revenue. Read the article at bizjournal.com to know more about Randal.

Randal Nardone’s roles at Fortress Investment Group

Randal Nardone is more than just the co-founder of the company Fortress Investment Group. Randal began his leadership roles in the company as a member of the company’s board of directors before he was appointed the interim Chief Executive Officer of the firm in the year 2011. It was in the year 2013 that he became the permanent Chief Executive Officer at Fortress Investment Group. Under his leadership, the company has grown to what it is. After the sale of the company to Softbank at the end of the year 2017, Randal Nardone and the other principals walked out with more than a billion dollars for the sale of their shares to SoftBank for 8.51 dollars per share earning Randal a place on Forbes list of billionaires in the globe. Despite the sell, Randal Nardone still remains the Chief Executive Officer in the company though not independently.

Before Fortress Investment Group

Randal Nardone is a lawyer by education. He got his JD Boston University and a degree in English and Biology from Connecticut University. For a while, he worked as a lawyer at the Thacher Proffitt and Wood Law Firm. He then started his finance career at BlackRock Financial Management Firm before joining Fortress. Visit: https://discoverorg.com/directory/person/randal-nardone/5552352

Richard Liu Qiangdong, The Online Retail Giant In China

 

Richard Liu Qiangdong is the billionaire creator and CEO of JD.com also known as “Jingdong”. This is the character in his name which he shared with his girlfriend, and the website was born out of selling magneto-optical parts throughout Beijing before the SARS virus hit and he had to sell strictly online to avoid contracting the virus. Once the online business took off, he started selling other commercial goods like clothing and electronic goods.

 

Furthermore, because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

 

And so, Richard Liu has been approached by outside investors like WeChat owner Tencent, who invested $215 into the company for a 15% stake. This valued JD.com at well over one billion dollars and put him in a position to list his company on the stock market. Now the company is worth over $50 billion dollars, and Richard Liu Qiangdong could not be happier.

 

Richard Liu Qiangdong started out in the business world by attending college like most people. He went to the acclaimed Renmin University in Beijing and got a degree in sociology while coding in his free time. After that, he got his master’s degree from China Europe International Business School and secured a managerial job at Japan Life. From this path he realized that he wanted more out of life, and so this is how his journey began into becoming an entrepreneur and selling through JD.com. See This Article for additional information

 

Richard Liu is personally worth in excess of $10 billion and has recently donated $397 million to Farfetch: luxury goods seller to over 7,000 locations.

 

View Source: https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu