Randal Nardone – Co-Founder of Fortress Investment Group

Randal Nardone is the co-founder, principal, and director of Fortress Investment Group. He is married with one child and lives in New York City. His company, Fortress Investment Group, is a global investment management company which is managing nearly $41 billion worth of assets as of March 31, 2018. Fortress specializes in asset-based investing, industry knowledge and specialization, operations management, corporate mergers and acquisitions, and capital markets. Randal Nardone currently ranks as #557 on Forbes list of the world’s billionaires at the age of 51 with a net-worth estimated to be around $1.8 billion. Randal Nardone attended the University of Connecticut and received a Bachelor of Arts degree in English and a Bachelor of Science degree in Biology before pursuing a Doctorate of Jurisprudence at Boston University. With his career starting at Thatcher Proffitt & Wood before going through BlackRock Financial and UBS. Randal Nardone then teamed up with Wesley Edens and Rob Kauffman in 1998 to found Fortress Investment Group.
Currently, Nardone serves as a board member for Brookdale Senior Living, a senior living community company with more than 900 communities in 46 states; Springleaf Holdings, which is now known as OneMain Financial, a provider of personal loans based in Evansville, Indiana; and Gagfah Group, a realty and property management company based in Luxembourg, Germany. He is also involved in an executive management position at New Residential Investment Corp.
While Nardone is still managing Fortress Investment Group, the company was purchased by SoftBank in 2017 for $3.3 billion. He agreed to the acquisition in hopes of it strengthening Fortress and allowing the company to grow faster and access larger credit sources with the giant Japanese company behind it. Thus far, SoftBank has happily allowed Fortress to to continue operations as an essentially independent company despite the acquisition. While it is still too soon to determine how this acquisition will affect Fortress long-term, Nardone remains optimistic. Click here

Hussain Sajwani and His Multi-Billion Dollar Empire

Hussain Ali Habib Sajwani is the founder and chairman of DAMAC Properties, an international residential real estate development company located in Dubai, United Arab Emirates. In 2017, Hussain Sajwani was named as one of the top ten richest Arabs on Forbes. The self-made billionaire is reportedly worth $4.2 billion and has been nicknamed “The Donald of Dubai” for his amicable associations with President Donald Trump. The two have collaborated on a few Trump-branded projects together long before Mr. Trump became president. One of the projects is still in development and will be built on the grounds of the DAMAC Akoya property in Dubai. It will be called the Trump World Golf Course and it was exclusively designed by the world-famous golfer, Tiger Woods. The Trump World Golf Course is scheduled to open at the end of 2018.

 

Hussain Sajwani founded DAMAC Properties in 2002. His first residential property he had developed with DAMAC was a 38-story apartment in located in Dubai. During that time, his apartment’s primary tenants were mostly foreigners because the Dubai government had passed a decree that allowed expats to own property in the emirate. The units sold out within six months before its construction even began and DAMAC Properties quickly became one of the most in demand luxury developers in Dubai. The company had built apartments with interior designs and furnishings by two of the most famous Italian designers, Fendi and Versace. In 2013, DAMAC Properties became the first Middle Eastern real estate company to be publicly listed on the London Stock Exchange.

 

Prior to DAMAC, Hussain Sajwani worked in the financial department at Abu Dhabi Gas Industries, formerly known as GASCO, a major natural gas producing company in the U.A.E. His first entrepreneurial venture began in 1982, he created a specialty food catering company that supplied food to various customers including United States military camps, construction sites for large corporations, hotels, academic institutions and many others. Mr. Sajwani is an undergraduate from the University of Washington and majored in Engineering and Economics. Mr. Sajwani currently lives in Dubai and shares four children with his wife. His son Ali Sajwani, was recently announced as DAMAC Group’s newest general manager of operations in 2017.

 

Visit http://www.hussainsajwani.com/ to learn more.