Randal Nardone is a prominent attorney who decided to change his career to finance. After starting his profession in finance at Thacher Proffit & Wood, he climbed the ladder by holding a senior position at BlackRock Financial and then later moved to Union Bank of Switzerland. While serving in a high capacity at one of the leading banks in Switzerland, the universe might appear like a loft target for the majority of people, but this was not enough for him. As a result, Randal Nardone made a huge move to establish Fortress Investment Group in 1998. The company has been experiencing tremendous growth since that period.
It is due to this latest development that has given him a chance to appear on the Forbes Billionaire list. Having a net worth of $1.8 Billion, Randal Nardone takes position 557 as the wealthiest person in the world, and all his wealth is self-made. His incredible riches is associated with its shares in Fortress Investment Group. On top of this, he has received more than $100 million in other cash compensation.
Currently, Nardon continues to work as the president of Fortress Investment Group. His come back to the organization in 2011 was altogether suitable, considering his initial role at the company. According to the report released on 30th June 2016, Fortress manages over $70 billion in alternative assets. All these assets are divided into private equity, liquid hedge funds, and also credit funds.
Apart from the noticeable financial accomplishment of Randal Nardone, there are other numerous achievements under his belt. For instance, in 2014, under his leadership, Fortress Investment Group received the award of hedge fund manager of the year from the Institutional Investor. Additionally, the HFMWeek awarded the company Managment Firm of the Year award the same year.
On top of that, the organization has been acknowledged and congratulated by the Institutional investor as the Discretionary Macro-Focused Hedge Fund of the Year” for 2012. It was also recognized as the Credit-Focused Fund of the Year for two consecutive years, which is 2010 and 2011. All this was just achieved together with the company’s latest achievement, as SoftBank Group acquired the company.
At only 51 years old, Nardon has accomplished a significant fortune. He has managed to make his success with the help of strong connections with other excellent investors and also a steadfast determination to his organization’s sustained success. Even though Fortress might no longer be an independent entity, his influence will live on with him as the president of the firm.
James Dondero is a successful businessman and philanthropist who reside in the Dallas, Texas. James began his journey to the top as he attended to University of Virginia’s School of Commerce where he would achieve his Bachelor of Science degrees in both accounting and finances. It wouldn’t be long after graduation that James would accept his first role in the business industry by creating a financial training program for JP Morgan Chase & Co. in 1984. The program became such a significant success that James quickly moved on to his dream job with American Express. Between the years of 1985 and 1989, James Dondero would be solely responsible for the management of fixed income funds, which summed up to the total of $1 billion. James began making quite a name for him in the industry, and Protective Life soon offered him the title of Chief Investment Officer of their GIC Subsidiary, which he gladly accepted. Mr. Dondero quickly spun the company from a mere concept to a flourishing $2 billion success story. Word quickly spread among his peers in the area of finance, and he soon became known amongst them as the leading alternative credit manager in the world. Learn more about James Dondero at Affiliate Dork.
— Highland Capital (@HighlandCapMgmt) July 17, 2018
In 1993, James Co-founded and took on the role as President for an alternative investment firm in Dallas known as Highland Capital Management. It was never the plan for James to become successful to keep his wealth to himself, he had always carried a passion for the great city of Dallas, Texas, and he knew it was his job to do more for the town he loved. Therefore, every year, $3 million is set aside in the company budget so that the team may continue their philanthropic work. Recently, James donated $1 million to the Dallas Zoo so that they could begin rebuilding their hippo habitat that was shut down nearly two decades ago after the death of their last hippo, Papa. Now, thanks to the help of James Dondero and several other local philanthropists in the area, the Zoo received the $14 million necessary to bring the beloved animals back to the Zoo for the public to enjoy. Visit Patch.com to know more about James.
Robert Ivy, a Fellow of the American Institute of Architects (FAIA) and one of its leaders, was awarded the Noel Polk Lifetime Achievement Award on April 17, 2018.
The prize is given by the Mississippi Institute of Arts and Letters (MIAL) to those who are connected in some way to the state of Mississippi. Both artists and patrons of the arts have been honored, including the writer Eudora Welty, famous actor Morgan Freeman, singer Leontyne Price and painter Walter Anderson. However, Robert Ivy is the first architect to ever be given the award.
Nancy LaForge, the president of the MIAL, says that there is no one from Mississippi who has made architecture more accessible to the common person than Robert Ivy. “As a writer, author and commentator on architecture worldwide, Ivy now takes his rightful place in an acclaimed list of Noel Polk Award honorees,” she added.
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Robert Ivy is a native of Columbus, Mississippi, and received a Masters of Architecture degree from Tulane University, as well as a Bachelor of Arts (cum laude) for English from Sewanee: The University of the South. He has had a long and storied career as both an architect and as a writer, having previously worked as the editor in chief for the journal Architectural Record and as the vice president and editorial director of McGraw-Hill Construction Media.
Among his other achievements are serving on the panel of judges who chose the National Dwight D. Eisenhower Memorial’s architect, Frank Gehry. He has also worked as a critic and wrote “Fay Jones: Architect,” a biography of one of the apprentices of Frank Lloyd Wright.
“As the CEO of AIA since 2011, and as an author, editor and practicing architect, Robert Ivy is a worthy ambassador for our profession,” said his colleague, President Carl Elefante of the AIA.
This is not Ivy’s first award, either: during his time with Architectural Record the journal won a National Magazine Award for General Excellence, 26 Jesse H. Neal Awards and seven Ozzies. He also received the Crain Award from American Business Media and a McGraw-Hill Award for Management Excellence.
Learn more about Robert Ivy: https://discoverorg.com/directory/person/robert-ivy/7029647
Milan Kordestani is a Californian with a desire for success, already establishing himself as a competent businessman before the age of 20. Milan Farms, the agricultural company that Milan Kordestani started up while still in high school has become a leading company in the industry throughout California. Not only does Milan Farms produce a variety of different products that are organic and environmentally friendly, but he helps out the local farmers by distributing their products as well.
Milan Kordestani is already showing a strong desire to give back to the community through the success he has found as an entrepreneur. Not only is Milan giving a helping hand to his community, but he has shown involvement with various charities and taking a personal interest in helping individuals that are in dire need. Milan’s philanthropy extends far beyond his desire to help humanity since he also wants to keep the environment safe as well as the creatures sharing the same space with people around the globe.
Ever since taking an interest in horse riding when he was young, Milan has been proving himself to be a strong advocate for protecting the environment, especially when it comes to agricultural companies that are using the environment to make profits. On top of being a successful entrepreneur and philanthropist, Milan Kordestani has made his way into Colorado College to further his education in economics, especially the agriculture side of economics.
Milan Kordestani plans to continue expanding on the products that he grows at his farms, but currently, he sticks to saffron, eggs, and herbs. These are the most environmentally friendly, especially since he grows his saffron through hydroponics. So far, Milan Farms has grown to maintain three separate farms, but Milan Kordestani hopes to continue building this number in the next several years to make a bigger impact on the agricultural industry.
Find out more about Milan Kordestani: https://twitter.com/milankordestani
Randal Nardone is an entrepreneur and executive in the financial services industry. Today, he is the current co founder and principal of the firm known as Fortress Investment Group. Nardone has been able to achieve a lot of success as both a financial services entrepreneur as well as an attorney. His success has allowed him to become one of the wealthiest individuals in the United States. The financial publication Forbes magazine released its list of riches Americans and billionaires list. Randal Nardone was included in the most recent list. In recent years, Nardone has facilitated a deal where Fortress Investment Group was sold to an entity known as Softbank Group.
After completing his educational programs at both the University of Connecticut and Boston University, Randal Nardone began his career working in the legal field. His first experience was at the New York City based law firm known as Thatcher, Proffitt & Wood. At this firm, he worked as a regular attorney before being promoted to other high ranking positions. While working at the law firm, Nardone would eventually become a partner as well as the executive committee. Randal would eventually develop an interest in the financial services sector and look to pursue that path. Therefore, he left Thatcher, Proffitt & Wood and took a position at an investment firm.
When Randal Nardone first got involved in the financial services industry, he served as principal of Blackrock Financial Management. As the principal, he would play a major role in developing the firm’s products and services. He would also provide top level management of the firm as well. During his time at Blackrock Financial Management, he would help make it into a successful firm. However, he would look to pursue other opportunities in the field.
His next position in finance was at the firm UBS. Randal Nardone would serve as the managing director of the firm during his entire year there. While he was working at UBS, Randal would continue to build on his experience of providing sound management and leadership of an investment firm. He would regularly participate in helping the firm bring in new clients as well as its general expansion. Nardone would eventually leave the firm in 1998 and start up his own firm Fortress Investment Group.
Bernardo Chua is a successful businessman and owner of the popular brand, Organo Gold. Bernardo has been a success as an entrepreneur for decades and has been steadily building his knowledge over the years to form Organo Gold. Bernardo currently works as the Chief Executive Officer at Organo Gold, which he first founded back in 2008. Since the companies opening to the public, it has grown at an impressive rate every single year. At Organo Gold, there is a product to meet the tastes of any individual. View Bernardo Chua’s profile on LinkedIn
Bernardo has perfected his business techniques, which is how he has managed to run Organo Gold without a hitch so far. With Bernardo’s leadership capabilities and the dedication of his employees, every client has a good experience dealing with the company. Throughout the years, Bernardo has been the subject of much admiration from his colleagues for his dedication to his goal as well as his character for a businessman.
Throughout the years of Bernardo’s career, he has made many contributions to the business world, which has earned him an honorable position in the industry. Bernardo has always won his fair share of awards for his accomplishments, including the award for most successful businessperson Dangal ng Bayan Award that he received in 2016. This prestigious award is given out to individuals in the business sector throughout the Pacific area as a trophy and mantle of recognition for their dedication and achievements.
Bernardo Chua has also been the recipient of the National Shoppers award for three years in a row, just adding to his collection of trophies. Organo Gold has maintained a steady growth rate over the years and Bernardo plans to continue expanding the companies reach all over the world. According to Bernardo, innovation is one of the key factors to a successful business enterprise, so he gives as much time as he can to free thought and new ideas.
American businessman Wes Edens and Egyptian billionaire Nassef Sawiris have gone into an agreement to support Aston Villa Football Club by injecting some amount of capital into the club through NSWE. NSWE is an organization that the two jointly own. According to the duo, the deal will accommodate Tony Xia, a Chinese businessman who bought the club two years ago. Tony will be a co-chairman as well as remaining on the board. Tony argues that it was not a pleasant experience to come too close to achieving promotion in the last season. However, he claims that with the support that will be coming from the two leaders, the club will be able to strengthen and fight back to gain their lost glory.
EFL had accepted the transaction as well as the capital that was injected on Friday according to the club. According to the rules of EFL, the partners will have to go through all the approvals for confirmation as soon as possible. Aston Villa that has been a champion seven times was demoted in 2016 from the Premier League. The club has always been on the top tier for the last 29 years. Unfortunately, the club dropped to the second division something that has cost it much. In the financial year that ended on May 31, 2016, the Aston Villa Group recorded loses worth £80.7 million. Moreover, the club lost another £14.3 million in the following year.
Wes Edens and Nassef will work together with Tony in the coming few weeks to conduct a thorough assessment and evaluation of the club. Nassef and Wes Edens are concerned about strengthening the team as well as the structures ahead of the forthcoming season and beyond.
Nassef who is the wealthiest man in Egypt according to Forbes has a net worth of 6.8 billion. He owns OCI, a leading organization that manufactures nitrogen fertilizer. The company has plants in Iowa and Texas. Wes Edens is a co-Founder and co-CEO of Fortress Investment Group, a global investment manager. The company was founded in 1998 and has over $400 worth of assets in their control. Since he joined the organization, he and other principals have managed to grow the company’s assets to $40.9 billion. Nassef Sawiris and Wes Edens buy Aston Villa controlling stake
With new ownership at the helm, the formidable Fortress Investment Group is looking to raise funds after a successful acquisition. Fortress’s first goal under their new owner Softbank, is to raise at least $2 billion in its first fund that is solely dedicated to direct lending. That being said, no one yet knows the players involved. The current undertaking is one that the company is not choosing to make public.
Never one for small plays, Fortress has also set a $5 billion dollar goal for what Bloomberg is calling its, flagship credit opportunities fund. The most recent version of that fund was closed in 2015 at exactly $5 billion. It seems that Fortress is ready to reinvest in that program.
A Company of Firsts
The Fortress Investment Group is a company that is not afraid of doing things that go against the established order and wander from the beaten path. It seems that Fortress is bent on being a company of firsts. When Fortress got its start, it was the first private-equity firm to go public. Now the company is becoming the first of these firms to delist.
It seems that the Fortress Investment Group is looking to start a new chapter in their brand’s life. This should not come as a surprise, considering that they have new owners who are looking to make some internal changes themselves. Interestingly enough, Softbank, the Japanese conglomerate now at the helm of FIG, had to agree to only limited control of the company for regulatory reasons. It is because of these regulations that FIG is still currently making all of the executive decisions.
There is no doubt in anyone’s mind that the Fortress Investment Group is changing. New faces are making appearances in big places. For starters, FIG recently promoted Josh Pack and Drew McKnight to managing partners in their credit group.
With every transition of power, there are gains as well as losses. Joel Holsinger stepped down from his role at FIG in March, becoming the first executive to leave the firm following the Softbank acquisition. While the future of FIG is still unknown, many are watching and waiting to see if success or a sinking ship is on the horizon.
When it comes to the sports world there are a lot of famous athletes. Often times these athletes are well known. But then there are times when the not so well known athlete has given such an impressive performance that they now become famous. This is where the Jamaican born Badminton player Gareth Henry has claimed his stake to fame. Even though he was born in the little town of Kingston, Jamaica it did not stop him from becoming a world wide sensation.
Gareth Henry came onto the scene in 2011 to represent Jamaica in a Badminton Tournament that was held in the Pan-American Games. Since that time Gareth Henry has won numerous medals. He was a part of a combined men’s team that represented Jamaica in the 2018 Pan-Am Men’s Championship that won a bronze medal for Jamaica.
He and his partner Samuel Rickets have dominated the sport of badminton on the world stage. Together they went on to win the gold medal in the 2018 Central America And Caribbean games. Gareth Henry has not just been a leader on the field when it comes to playing sports but he’s also been an advocate for leading gay rights activism.
Because Gareth himself is gay, he has used his platform of notarity and fame to help others just like him. Individuals who are a part of the LGBTQ community in Jamaica are always at risk because same-sex marriage is not legal there. So Gareth spends most of his free time helping others to report crimes against gay individuals. He also spends his time volunteering with nonprofit facilities that assist LGBTQ individuals with relocation due to living in persecution.
Gareth himself left Jamaica for the same reason and he now resides in Canada. He has made it a mission to help others relocate to other countries where they can be accepted for who they are. Gareth Henry continues to defy the odds in humanity as well as in his athleticism. The determination that helped him to win so many medals is the same determination that has helped him to reach out to others.
TO learn more:https://www.wikidata.org/wiki/Q1494191
Journalists Jim and Michael had been reporting about the illegal, racist policies of Maricopa County Sheriff Joe Arpaio long enough to get on his radar. They were trying to expose the anti-Latino activities of Arpaio’s department, publishing stories and what proof they could find in newspapers hoping to gain national attention. They weren’t getting it until Arpaio tried to stop them.
One story Larkin and Lacey published was about a secret Grand Jury they discovered that had been put together by Arpaio with dubious cause. The Grand Jury was convened without evidence to investigate the two in an attempt to find a reason to imprison them, thus silencing them. Larkin and Lacey didn’t know this when they exposed the Grand Jury in a story in the Phoenix New Times newspaper.
The story turned out to be what Arpaio thought he needed to arrest the two. He charged them with interfering with a Grand Jury investigation and ordered his deputies to arrest them on a warrant from the Grand Jury. Larkin and Lacey were put in jail on the night of October 18th, 2007. Placed in separate prisons and held for 24 days, the imprisonment of Larkin and Lacey caused a national outrage against Arpaio that the two had been trying to create. Read more: Larkin and Lacey Fruntera Fund | Crunchbase and Village Voice Media | Wikipedia
A judge reviewed the charges and the Grand Juries findings and dismissed all charges against them, ordered their release and nullified the Grand Jury. Larkin and Lacey sued Maricopa County and won $3.7 million in a settlement for false imprisonment. The two used the money for starting the Frontera Fund which is a civil rights advocacy group specializing in protecting the Latino community from violations of their 1st amendment rights. The Latino community was impacted the most by Arpaio and his sheriff’s department and Larkin and Lacey wanted to put the money toward helping repair some of that damage.
Arpaio lost his bid for a seventh term in 2016, ending 24 years of his policies in Maricopa County. He was found guilty of charges brought against him and was facing prison time until President Trump pardoned him. Arpaio had endorsed Trump during the 2016 presidential campaign and Trump may have been paying him back for that,
Larkin and Lacey continue as journalists, working to keep reminding people about the facts behind Arpaio’s time as sheriff and to counter his lies on the campaign trail.