SoftBank Discovers Millions Worth Of Bitcoin In Fortress Investment Group’s Assets

Everyone dreams of finding a large amount of money in a newly purchased home, but can you imagine finding $5.9 billion? This is similar to what SoftBank found when they purchased Fortress Investment Group recently and found out that they had millions in bitcoins in their portfolio. Now that they have it, they’re trying to figure out what they are going to do with it.

SoftBank made their purchase of Fortress Investment Group for $3.3 billion and at the time, the considerable amount of cryptocurrency was not included in the company’s valuation. Apparently, the Bitcoin wasn’t included in the value as the cryptocurrency is not officially backed by anything. SoftBank’s founder Masayoshi Son is known for making investments in things that he believes will go up in value quickly, and many times these investments come with a fair amount of risk.

While the books stated that the Bitcoin assets of Fortress Investment Group were valued at $5.9 million, it is expected that they might be worth considerably more. Some have stated that they would not be surprised if they found that it was worth over $20 million. While SoftBank is excited about the discovery, there aren’t that many within the companies that are surprised by it. The co-chairman of Fortress, Peter Briger, is well known for being an enthusiast of the cryptocurrency along with their former macro fund manager.

Bitcoin has gone up considerably since the deal was completed adding millions to the value. While they haven’t decided exactly what they are going to do with the Bitcoin that belonged to Fortress Investment Group, it is assumed that they will not be selling it immediately. They expect the price in Bitcoin to make another jump in the near future and are waiting to see where the price goes. Due to talk of new contracts involving Bitcoin that will allow it to be easily shorted by investors, they may at least unload part of it rather quickly to avoid a complete loss if the price plummets. Whatever SoftBank decides to do, it was certainly a pleasant bonus to their purchase of Fortress Investment Group. A Force of Innovation: Two Decades of Fortress Investment Group

Original source : https://www.inc.com/profile/fortress-investment-group

DAMAC Owner Hussain Sajwani Explains His Business Success

The DAMAC owner Hussain Sajwani has become one of the world’s leading luxury real estate developers with the focus squarely on developing new and existing markets. The DAMAC Properties brand is perhaps the most famous from Hussain Sajwani as the company has been at the forefront of the development of the luxury real estate markets in Dubai. Sajwani has enjoyed a large amount of success in the luxury real estate markets but these are only the latest areas of interest for a business leader who has been building bridges with various industrial sectors for many years.

The Sajwani family are not the gilded birds one would expect when we are discussing a luxury real estate developer who has been at the heart of the industry for more than a decade. Born into a working-class family, real estate investor Hussain Sajwani began his career in business while still at school by helping his father sell watches and clocks from the small store. The University of Washington graduate would later explain his belief this initial sales training has stood him in good stead for the career he is now pursuing. After completing his studies on a UAE government scholarship to the U.S., Hussain Sajwani (@hussainsajwani) entered the oil and gas exploration industry but soon spotted the chance to start his catering business.

The DAMAC owner initially formed the company as a catering service for workers in the oil and gas sector who were not given food by their employers in the 1970s and 80s. By the time of the Iraq Wars, Hussain Sajwani and DAMAC had become a catering services provider for the U.S. military who would eventually award the founder an award for his services to the war effort in the 1990s and 2000s.

In the 21st-century, the DAMAC owner has become one of the most respected speakers on real estate development in the world providing his insights for world leaders and political experts on a regular basis. With more than $4 billion in his personal fortune, Hussain Sajwani is one of the leaders of the luxury real estate markets and has interests across the planet.

Read more here: http://www.kasralsanam.com/main/articles.aspx?selected_article_no=1895

Randal Nardone Visionary and Risk Taker

Randal Nardone is first on the Forbes Billionaire list. He Co-founded Fortress Investment Group, LLC in 1988. Randal Nardone has been the principal since its founding in 1988 and the Chief Executive Officer since August of 2013. He was educated at the University of Connecticut where he received a B. A. in English and Biology and a J. D. from Boston University of Law. Randal Nardone worked in various leadership positions before co-founding Fortress. He was partner and executive member at the Thacher Proffitt & Wood law firm. In 1997 he would serve as principal of BlackRock Financial Management, Inc. From May 1997 to May 1988 he was managing director of UBS.

Randal Nardone serves several companies in various capacities. To name a few he serves as Vice President and Secretary of Newcastle Investment Holdings, LLC, President and Chairman of Springleaf Financial Holdings, LLC, President of Ncs 1 LLC, Co-Founder of Fortress Investment Fund IV, L.P. and Fortress Investment Fund V, L.P. and serves as its Chief Executive Officer, Principal and Chief Operating Officer.

Ever the risk taker, Randal Nardone was responsible for the acquisition of AIG’s American General Financial Services. AIG would change its name to Springleaf Financial Holdings, LLC and Nardone’s move to acquire it would prove to be good one. The value of the company rose more than twenty-seven times its original value. Nardone would make another bold move when he decided to register Fortress Investment Group in the public stock market. The fruits of this move would increase investors and clients to the firm. Randal Nardone proposed an initiative for SoftBank Group a multinational company from Japan to acquire Fortress Investment Group. The acquisition would be completed in December 2017. Nardone, a visionary, saw the benefit of Fortress being acquired by SoftBank. Fortress could leverage the huge clientele of SoftBank to their investment strategies.

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GoBuySide Approaches Problems With Networking

There are many different challenges that investment management firms encounter when trying to recruit talent for their team. GoBuySide states that many chief executive officers believe that they don’t have access to the type of talent that they want their company to have. In fact, only about 1/3 are confident with their current team and their talent for investment management. According to GoBuySide, one of the main problems that exist in investment management recruiting comes down to issues with networking. While social media and the rest if the digital world is supposed to make the process easier, that’s not always the case. Just being connected to someone online doesn’t mean that there is much of an increase in the chance of adding their talent to the team.

GoBuySide thinks a lot of the problem is because entrepreneurs just don’t spend enough time on social media. They don’t quite accept just how important the platforms are when it comes to business and networking. Another problem that is occurring is that while these recruiters may spend a good amount of time on social media, they are not utilizing the platforms properly. Many of the recruiting firms that GoBuySide has found to be successful take an approach that focuses on the customers. Instead of doing most of the work through networking, they focus on communicating with the customer and gathering leads that way.

Times are changing and that includes the way that businesses communicate. Privacy is another problem that GoBuySide understands need to be addressed. Potential talent is hesitant to put too much information out there after experiencing problems on platforms such as Facebook and others. Many leaders in different industries are turning away from social media networking and recruiting due to these problems. There has been a considerable amount of backlash concerning companies accessing the social media of employees and potential talent that many recruiters would choose to just avoid entirely.

 

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Summer in the city! Going to see the Houston bean next month. #friday #travel #always moving #Friday feels #lovemyjob

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OSI Group’s Sheldon Lavin Says That a Culture of Family Is What Sets His Company Apart From Others Large Businesses

Sheldon Lavin is the Chairman and CEO of OSI Group, LLC, the worlds leading supplier of meat to the retail and food service sector. Sheldon attended college at the University of Illinois and Northwestern University, completing a degree in accounting and finance before earning a degree in business from Roosevelt University in Chicago. Upon completion of his education, he opened his own financial consulting firm, Sheldon Lavin and Associates, Inc. It was during this time that he made the acquaintance of the Kolschowsky family. He helped them with the financing to start their own meat processing company, Otto & Sons, the predecessor to OSI Group. In 1970, Sheldon accepted a position with Otto & Sons and he has been with the company ever since. Under his guidance, Otto & Sons, now known as OSI Group, has grown to be the global leader in the meat processing industry. The proof of this success is evident in the fact that OSI now has operations in 17 countries globally, with 80 facilities. The company has also expanded through the acquisition of other successful food companies. In 2006, OSI acquired Amick Farms, a vertically integrated poultry company from the eastern United States. As recently as 2016, the company acquired a controlling stake in Baho Food, a Dutch company that manufactures meat and other food items and has facilities in Germany and the Netherlands, and https://www.theofficialboard.com/biography/sheldon-lavin-d4824.

Sheldon Lavin recently opened up about his career with OSI Group and talked about what keeps him motivated in an interview with Interview.net. He talks about how he helped the Kolschowsky family, the founders of Otto & Sons, to get financing while he was still working as a consultant. The relationship didn’t end there and in 1970, Sheldon accepted a position with the company. He has been there ever since and has seen Otto & Sons evolve into the globally recognized OSI Group. He always envisioned that OSI would one day be a worldwide food processing enterprise. Sheldon believes that what truly made the company successful was the fact that OSI has maintained the same family atmosphere and culture that it started with. Unlike many other companies its size, OSI considers itself a family and according to Sheldon, this is what sets it apart and allows it to be able to meet the demands of its customers at a consistent level of excellence. He maintains that OSI is “extremely proud of the people who work with us. Without the loyal and talented folks on our team, we would have never achieved success in this industry. My office door is always open, and I listen to everyone who voices their thoughts. At the corporate office, we all eat lunch together and address each other by our first names.” This really sums up exactly what Sheldon means when he says that OSI is firstly and foremostly a family company, and learn more about Sheldon.

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The Caring Family Of The Highest Paid CEO, Tony Petrello

The family continues to support the institution hoping that a cure will be found for their daughter and other children with cerebral palsy. Tony Petrello also serves on the hospital’s board of directors.

When they feel helpless about Carena’s condition, they think of other parents and children going through the same thing. They hope that their efforts can alleviate the suffering.

Tony Petrello started an endowment fund at Yale University for students who excel in mathematics. The $150,000 scholarship is in honor of the late Serge Lang, Tony Petrello’s professor of mathematics at the institution.

Nabors Industries and its employees were on site to give relief to hurricane Harvey. The employees gave a cash donation, and the company doubled it.

The company also gave the employees paid off time for them to participate fully in the relief services.

The company also put up a makeshift kitchen that made meals for affected families. The families were fed on three hot meals a day. Those affected by Hurricane Harvey included at least ten percent of Nabors Industries workers.

Read more: Tony Petrello’s Nabors Industries Will Purchase Tesco This Year

Nabors Industries gives scholarships to its employees’ children. It also supports charitable organizations such as Susan G. Komen and Bike MS.

The Petrello Shadyside home in Houston recently hosted Tommy Tune, the New York-based Broadway celebrity, for a cocktail party. Tommy Tune was born in Houston, but he left for New York to pursue a career in music.

He was returning home for the Tommy Tune Tonight concert at the Miller Outdoor Theater. During the event, the celebrity performed before five thousand fans.

Tony Petrello had invited about fifty of his friends and the advisory board members of the Miller Outdoor Theater. City Kitchen provided catering services, while Scott Graham, a piano player, and Divisi Strings Amp’d entertained guests.

Guests, including Tommy Tune, enjoyed watching the family’s outdoor bunnies on the well-landscaped palatial home. The celebrity, who is six feet six inches tall, towered above the other guests.

Tommy Tune has won many awards in the years he has worked on Broadway. An award was started in his honor in his hometown of Houston. The Tommy Tune Awards recognizes high school musical theater teachers in Houston.

Find more about Tony Petrello: https://patch.com/texas/across-tx/how-tony-petrello-helped-houston-hurricane-harvey-relief

With Whitney Wolfe Herd’s Bumble, Online Dating Will Never Be the Same

Bumble has breathed new life into online dating. Since its inception in 2015, it has more than fifteen million users. As a dating app, one thing distinguishes it from the rest, which makes it so popular within a short time. It lets women take charge in deciding with whom to begin a conversation.

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Whitney Wolfe Herd was a co-founder of Tinder, another popular dating app based in America. When she fell out with her partners at Tinder, she joined hands with Andrey Andreev, the founder of a UK based dating app, Badoo. This app was popular in the UK and other parts of the world, but not in the US. They created Bumble, the dating app that requires women to send the initial message to potential dates.

According to Whitney, when women make the first move, the number of strangers contacting or harassing them reduces. By making it a rule, Bumble ensures the women are not judged harshly when they send the first message to potential dates. Some men like the idea, since they are sure the women contacting them are attracted to them, and they will not reject them if they ask them out.

Not everyone thinks that it is right for women to make the first move. Whitney argues that it happens even in offline dating where the woman may have to smile, steal a glance at a man or cuddle the man’s hand suggestively.

In a recent interview with Sarah Hepola, the Dallas based author of ‘Blackout: Remembering the Things I Drank to Forget,’ Whitney said that she wanted to create a dating app where users were pleasant to each other. This was at a time when there was an increase in incidences of sexual assault on women. Dating apps took the blame for this since they allowed people to share private information with strangers. Bumble founder created the app after experiencing online harassment

Bumble enhances decency and credibility in online dating. It has set expectations for the users. They do not allow indecent exposure, and the profile photos are screened. They demand etiquette from their clients. Bumble’s Whitney Wolfe: ‘I’m worried we’re alienating the good guys’

As Sarah observes, Bumble enlists serious, well-mannered users. Whitney has also started a product where women can find friends and support each other. Her app provides a platform for engagement respectfully and safely. Bumble Founder Whitney Wolfe’s Whirlwind Wedding Was a True Celebration of Southern Italy

Whitney Wolfe Herd has a religious upbringing that manifests in what she advocates for among her dating app users. She is a graduate of Southern Methodist University and the wife of Michael Herd. The Founder Of Bumble On The Future Of Dating & Making It In Your 20s

 

Equities First Shows They Know How To Offer Loans To European Clients

Equities First shows that they know how to help European clients with their clients. The company has a lot of clients that approach them for help, and they were written up in the French Tribune because this company knows how to help people get better terms and prices. They know how to make things easier on everyone, and they know how to give someone the kind of loan that will be something they can use for a long time. IT is a lot easier for people to know what is going on, and they will know what can be done to be sure that they can get these things handled. This company is very serious about customer service, and they know how to help people when they can get the loans they want. They make the loans checpaer, and they give better service on stock based loans they originated for anyone, and more information click here.

Adam Milstein, Man of Many Titles

Adam Milstein is a man of many talents and capabilities. He is a man who dons many titles. Adam Milstein is most well known for his status as an Israeli-American activist. Born and raised in Israel, Milstein has a strong connection to his homeland, despite now living in the United States of America. In fact, he is a Co-Founder of the Israeli American Council. The Israeli-American Council endeavors to bolster the Israeli and Jewish identity of young people. This is a cause that Mr. Milstein had been passionate about since before the formation of the IAC in 2007, and Adam on Facebook.

In fact, Adam and his wife started the Adam and Gila Milstein Family Foundation in 2000. The foundation’s central focus is on aiding pro-israeli causes through education. Most prominently, its resources are used to help students and young professionals learn about and connect with their Jewish roots. Adam Milstein is just working to give others the opportunity to be as proud of their homeland, Israel, as he is.

Prior to all of this, Adam Milstein achieved his MBA from University of Southern California in 1983. Since then, he has used his education to achieve several of his many titles. Currently, Milstein serves as the managing partner of Hager Pacific Properties, a real estate investment firm. The firm specializes in dealings with commercial and industrial real estate. Milstein specifically oversees the firm’s financing and accounting, and learn more about Adam Milstein.

Philanthropist, leader, and real estate mogul are just a few of the many roles Milstein plays. He sits on the boards of many philanthropic organizations,has a podcast, and has a prominent presence as a social media activist. In the midst of their many successful ventures, Adam and Gila Milstein somehow found the time to nurture a family and also don the title of grandparents. All in all, Adam Milstein is an accomplished activist who we can expect to hear great things about for years to come, and https://www.huffingtonpost.com/author/adam-milstein.

A Renowned Philanthropist and Businessman, George Soros

According to Forbes, George Soros has been on the America’s richest people list since he joined it over 30 years ago. This shows that his earning a fortune has not been out of luck but his hard work consistently. He was recently flagged for the amount of money he had donated toward Open Society Foundations. He channeled 18 billion dollars towards that organization, 3 billion dollars of which Forbes had already done its math on. When the other 15 billion dollars appeared in the limelight, the organization went up the ladder in the philanthropic world. It became amongst the topmost organization in that field of work. The net worth of George was at 23 billion dollars before he made the decision to give a huge chunk of it to Open Society Foundations which placed him at the 20th position of the richest men in America. After his donation, he came down the rank to the 59th richest man but his organization became amongst the top in its industry of work, and Twitter.com.

 

George Soros through his organization has helped thousands of people all around the world. To date, his beneficiaries are people who are oppressed such as immigrants, children who cannot afford a good education and the organizations that stand for the human rights, people’s freedom of speech, justice, and democracy in leadership. As a strong supporter of living in an open society, he believes that accountability must be driven so that people can co-exist is a safe and fair environment. Using the funds that George gave the Foundation, they hope to be able to reach out to more people and expand their work. The programs they have are different. Since there is a huge chunk of money involved, the Soros Fund Management will be the one monitoring the usage of the funds to make sure that they are being used for their intended purpose. A CIO was also brought on board to help with the management of the funds, and what George Soros knows.

 

George Soros grew up in Hungary. He later moved to London in search of education as he escaped communism. Since he did not have the money to support his education, he had to work more than one job to be able to afford his school fees. Soon after he completed this milestone, he moved on to find greener pastures in the United States. This is where his hard work paid off. He became one of the richest businessmen in this country. He started off working at Wall Street before he started his own hedge fund. He also became a guru at market studies and this earned him a huge chunk of money after he placed a bet and won it overnight. He then started giving back to the community through supporting liberal causes, education, healthcare and justice all over the world. Having experienced the wrath of living in a community where open exchange of ideas was not allowed, he believes that people should have an opportunity to express themselves, and more information click here.

Other Reference: https://www.huffingtonpost.com/entry/roy-moore-george-soros_us_5a26fb54e4b08220bd787c0d