Randal Nardone

Randal Nardone
Randal Nardone

Co-Founder of Fortress Investment Group: Randal Nardone’s Background

Randal Nardone was born on 22nd July 1955 and is now 63 years old. Randal graduated from the University of Connecticut with a Bachelor of Arts degree in English and Biology. He later attended Boston Law School where he was awarded a Doctor of Jurisprudence.

Randal Nardone is a CEO, Cofounder, Principal, and Director as Fortress Investment Group. He is also among the members of the Board of Directors at several companies such as Florida East Coast Railway Corporation, Florida East Coast Holdings Corporations, Seacastle Incorporation, and Eurocastle Investment Limited, alongside where he served the longest, Fortress Investment Group.

Before being a co-founder at Fortress Investment Group, he served as managing director for a firm known as UBS from May 1997 to May 1998. Before UBS, he started his law career where he served as a member of the executive committee at Thatcher Proffitt &Wood which was a law firm, after which he worked for BlackRock Financial Management Incorporation in 1997 where he was principal. Read more about Randal Nardone at Crunchbase.

Randal’s Contribution to Fortress Investment Group

Randal Nardone was made CEO of Fortress Investment Group in 2013. He has so many roles at the company and always has his positions to implement strategies which have contributed to the company’s profits. He is also the acting COO, where he is in charge of the overall legal and financial matters of the company. His hard work and good work ethics have helped him in the decision-making process of the company’s investment projects that have led to the expansion of the company.

Randal’s Net worth and Achievements

Randal Nardone became a billionaire when he began working at Fortress Investment Group alongside his partners. His current net worth amounts to $1.8 billion and is ranked as number 557 on the Forbes billionaires list. Over the years, Randal has built many relations both domestically and internationally, all who have helped him in making positive impacts on people’s lives.

The connections have also helped Fortress Investment Group to expand beyond borders into new horizons. His former and current workmates insist that his passion for work and commitment are his key drivers and motivators.

Learn more: https://www.bu.edu/law/2018/05/17/randal-nardone-80-featured-in-new-york-patch/

 

Richard Liu Qiangdong: Family Inspired Me To Become Successful

 

There is one man who is competing fiercely against Jack Ma of Alibaba in China, and that man is Richard Liu Qiangdong. Growing up poor in rural China, Richard’s parents were in a struggling business which couldn’t provide enough money to pay for his elderly grandmother. So, Richard packed up and moved to the city, to Beijing, to get an education and provide for his family where they couldn’t provide for him.

He established a restaurant business while in college, but it failed because he didn’t have enough time to devote to it while taking classes at school. So, he continued his education in sociology at Renmin University, and went on to get his MBA from the China Europe International Business School. Richard Liu later landed a managerial job at Japan Life, but it was never enough for him. Seeing his family struggle put a fire in him that most people would never understand. View Related Info Here.

So, he started selling computer parts around Beijing and was having great success until the SARS epidemic hit and was forced to make a decision on how to proceed. Liu chose to compare the profits of selling in person to online for a year and see how that did, and as it so happens the online sales were an absolute success.

From this experience Richard then learned that he could add new products to his website and gain even more customers that way. Growing largely from word of mouth, JD.com eventually spread like wildfire within WeChat and their owners, parent company TenCent and one of the richest companies on the planet, took notice and offered Richard Liu 15% of his business in exchange for $215 million cash.

Richard accepted and two short months later, with a valuation over one billion dollars, JD.com’s IPO onto the NASDAQ created an overnight influx of around 40 billion dollars. Now Richard is looking to expand his company to the world and increase Chinese delivery speeds, for “… whoever controls the Chinese market will control the world market, I feel.”

More about Liu on https://www.jonesday.com/rliu/

 

Achievements Of Richard Liu Qiangdong

 

Richard Liu Qiangdong is one of those people who never give up. He is the founder of one of the world’s largest online shopping platforms called JD.com. He started this shopping mall in 2004 and has seen it grow consistently ever since. JD.com was started in order to reach clients from every part of the world with no much trouble. Richard Liu studied sociology at the university. He always had a business mind all along. He started a restaurant while still in school. Due to lack of enough time, the business failed. This however did not discourage him. He later ventured into selling health products and upgraded to electronics. With all the commitment and dedication that Liu gave this investment, it did well and eventually led to opening of Jingdong.

 

Richard Liu is an inspiration to many especially in China. He tells his fellow business people and upcoming entrepreneurs that the key to a successful investment is determination and commitment. A business owner is supposed to be involved in every activity pertaining the venture. They have to interact with their employees so as to know what needs to be improved on for the betterment of the company.

 

This CEO is also dedicated to offering quality products and services to his esteemed clients. He ensures that the items sold are original and meet market standards. Currently, his platform is doing very well. Prestigious online brands have opened stores on JD.com increasing its revenues. An example is the Gieves & Hawkes that recently joined Jingdong. This brand is renowned for dressing royalties of the United Kingdom. Get Additional Information Here.

 

Richard Liu is also an environmental enthusiast. He has made measures to ensure that his business activities do not interfere with the environment. For instance, he, together with other stakeholders at JD.com have come up with reusable packaging boxes that are friendly to the environment. They have tried as much as possible to minimize air pollution by reducing the level of carbon emitted by their delivery vehicles. Richard Liu has led the company to greater height when it comes to e-commerce. The company makes a lot of revenue yearly making it one of the best of its kind.

 

Read more about Liu on https://www.crunchbase.com/person/richard-liu-e9b4