FIG: Randal Nardone’s Biggest Achievement So Far

There is no doubt, Randal Nardone is a billionaire and that is why his name will always ring a bell. He became very popular when he founded Fortress Investment Group with two other business tycoons. Right now, he is number 557 on 2018 Forbes’ list of billionaires. In fact, it will take a dossier to give account of Mr. Nardone’s achievements but this article just highlights his career.It is clear that Randal Nardone rose to the top of business ladder with great leadership skills, passion, dedication, and being always ready to mentor people. This is why most of his employees love him. They said he believes in regular training and he is always ready to put employees through on any issue. Probably that is why Fortress Investment Group never jokes with employee training.

One fact that stands him out is the fact that, he started off as a lawyer. Earlier in his career, he worked for Tacher Proffitt and then he moved to BlackRock Financial and later, UBS. After gathering enough experience in the companies, he established Fortress Investment Group in 1998.Nardone is currently the Chief Operating Officer of the company. His major duty is to oversee legal matters and the structure of finance. With the efforts of some other business moguls like Robert Kauffman, Michael Novogratz, and Peter Briger, Randal Nardone was able to gain 53 million shares with the estimated total value of $1.6 billion.Another notable achievement of Nardone that is worthy of mention is being able to sell some interest to Nomura, a Japanese company for $890 million in December, 2017. In short, Mr. Randal Nardone has been able to accumulate about $100 million since 2005.

Right now he has an executive position in several notable organizations, he is a member of several boards, and he is affiliated to many organizations. But funny enough, nothing about his academic background really explains where he got his business acumen from. He got a degree in Law from Boston University School of Law and another degree in Biology from University of Connecticut.On July 2017, SoftBank Group Corp initiated plans to buy off major shares in Fortress Investment Group for $3.3 billion. All FIG shareholders were happy and satisfied with the decision. From all indications, the acquisition has paid off. Both parties are happy with decision.Even after sealing the deal, Nardone will still be at the helm of affairs and the company will still be based in New York. Mr. Nardone personally believes that it is a step in the right direction for FIG to be under acquisition. He said it will move the company towards globalization.

The Addition of Peter Briger to Fortress Investment Group

Peter Briger joined the Fortress Investment Group Team in 2002. He is a Principal and Co-Chief Executive Officer at Fortress Investment Group, a highly diverse investment group based in New York City. Briger has also served on the board of directors since 2006. His current responsibility consists of a part of Fortress that he created himself, the Fortress Credit Business, as well as the real estate portion of the company. Briger effectively manages a team that consists of over 300 individuals. He, along with his team, concentrates on undervalued assets and distressed and illiquid credit investments. Briger is also credited with making Fortress one of the first alternative investment companies in the United States to go public.

Additionally, Peter Briger serves on the board of a non-profit organization called Tipping Point; an organization who is focused on helping the 1.3 million people in the Bay Area who do not have the financial means to support their basic needs. He also serves on the board of Caliber Schools, a group of charter schools with the goal of preparing their students for success at four-year college.Outside of his work, Briger is involved in a number of philanthropic endeavors. He is on the Silicon Valley Leadership Council for the Global Fund for Children, a worthy organization who works to ensure all children in the world are safe, strong, and valued. He is also a member of the Council on Foreign Relations; this organization promotes a greater understanding of foreign policy.

In addition to these great causes, Briger has invested more than $600 million to aid in maintaining and conserving the Central Park.Peter Briger earned a bachelor’s degree from Princeton University and continued on to earn a Master of Business at the Wharton School of Business at the University of Pennsylvania. Before joining the Fortress team, Briger worked for Goldman, Sachs & Co, where he served in a number of operational, management, and leadership roles. He became a partner with the company in 1996. Briger’s various roles at Goldman, Sachs & Co gave him vast knowledge in foreign investments, distressed debt, real estate, loans, and trading.

Learn more about him : https://www.slideshare.net/petebriger

Wes Edens of Fortress Investment Management

Wes Edens is an American entrepreneur, sports team owner, and an investor. Wes Edens is among the co-founders of Fortress Investment Management. He owns several organizations including Milwaukee Bucks and the League of Legends team FlyQuest. Wes Edens studied at Oregon state university where he graduated with a degree in Finance and Business Administration in the year 1984.Mr. Wes Edens started his career at Lehman Brothers in the year 1987. He served Lehman Brothers as a managing director and a partner. He left the firm in 1993 and joined BlackRock Asset Investors that is private equity division of BlackRock. He worked with the BlackRock as a managing director and a partner until 1997.

After leaving BlackRock, Edens and other four gentlemen came together and founded Fortress Investment Management in 1998. He served Fortress as a co-chairman of the Board of Directors and later as the Chairman of Transport and Infrastructure Investors LLC.He is currently the Chairman of Nationstar Mortgage that was called Centex Equity company LLC. This firm is a Mortgage Lender. It was purchased by Fortress Investment Management. Wes Edens was born and raised in Helena, Montana. He has always been committed to delivering in all the positions he holds. His performance reflects his efforts and dedication.

Wes Edens has been in the forefront of ensuring that Fortress Investment Management and other firms that he heads achieve and maintain world-class standards. He is a resource to those companies. He recently staked his fortune of $150 million for Fortress Equity Partner. His colleague also added some more $50 million for the same investment plan. The program is set to target investing in healthcare, financial-services payouts, and infrastructure.He has also been focusing on his downtown arena site to see its completion. At the same time, his investment firm in New York City has been generating large incomes. His $150 million investment has been all over the press lately. His name has grown into a brand in the recent days.

Martin Lustgarten’s Investment Banking venture in Economic growth

The main objective of business is building capital. Economic growth depends majorly on financial stability. Investment banking as a type of banking is the driving force and the root element that mostly provides the capital for company’s institutions. The investment is usually protected because this type of banking takes on most of the liability from a policy that has been fashioned by a company that does insurance. This banking service is usually designed for business and not exactly individuals. It is different from a checking or savings account. To be a good investment bank, one truly needs to be an expert in the field.                                                                                                    One needs to have very good knowledge of brokers, mergers, and trade because this is critical to be successful in the investment banking venture. The investment banker usually acts on behalf of the entity or company during the process of obtaining securities. Without a credible and talented investment worker, it is very hard to invest wisely.

 

Also, an investment bank would create a fund-raising strategy for corporations. They also come up with a new structure to maximize results. The banks employ professionals in investment banking to help corporations, individuals, and even governments to manage projects. These experts exist majorly to help clients to save time and money by identifying the risk that is associated with a certain project. This is the main reason why clients come and seek guidance on how to plan and execute their investments.

 

Martin Lustgarten is a well-known investment banker. He is popular for being able to grow clients lists and also provides great investment banking services. He has worked as an investment banker for several years. Due to his success, he took his skill and experience and started an investment banking firm and this helped him to grow his status in the field of investment banking.

 

The firm that Martin started is called Lustgarten Martin. His major role is to manage business operations of the firm. He also strikes business deals and tries as much as possible to meet his client’s needs. Other than that, he handles client responsibilities.

 

The Power of Philanthropy

Why philanthropy is good for your income may not be immediately apparent. However, many of the world’s wealthiest people give substantial portions of their income to charity. One of the common things that distinguishes many poor individuals from their wealthier fellow creatures is their insistence on being served and taken care of. Poor people like being dependent and lazy. Although there are exceptions in the case of those who have been injured, this common attribute is hard to miss. People who are wealthy insist on serving and taking care of others. They give generously of their time, talent, and treasure to those around them. They are often accused of being pushy and bossy, but if you look at their actions, they are busily contributing to their communities.

People who are poor like going into debt and freeloading on others. They are leeches. People who are wealthy like getting out of debt and helping others. They are doctors. Each of us has a natural tendency. Most people are selfish. Some selfish people spend all their time busily working, but do not use their hoarded assets to help others. Many consider them to be rich, but wealth does not equal money. Wealth is your property, relationships, skills, certifications, food, credibility, and shelter. People who hoard their money in a bank are not wealthy if an economic recession occurs. The other type of selfish person is the leech, who we discussed earlier. The leech demands that he or she be served, at the expense of those around them.

Becoming more successful means that we avoid the mistake of the miser and the leech. The miser groans when asked to give. They have much to give, but are unwilling to. The leech groans when he has to serve. He likes giving, but usually has little to give.

Figure out which selfish investment behavior you naturally struggle with. Resolve to avoid both. The blessing that comes from being generous with your portfolio cannot be underestimated.

Martin Lustgarten is in the business to make you and your family succeed. He shares the best tools from the experts who have already succeeded. There are so many people who want to be wealthy, but few become wealthy.

Lustgarten can help you by counseling you, and recommending steps for improvement. If you want to learn more, contact Martin Lustgarten at his Linked In account.