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Randal Nardone is currently one of the most influential personalities in the investment market. He is currently top 600 of the richest people in the world ranking at position 557. Forbes describes him as a self-made billionaire with over $1.8 billion worth. In the next 36 months, his worth will be higher than his current worth, thanks to his determination to rewrite the investment market narrative. On rewriting the investment story, it is important to note that Randal Nardone is one of the few managers fortunate to work under different high profile companies.

Although Randal Nardone has worked in many different companies in different fields, he is, however, more synonymous with Fortress Investment Group. As one of the company’s principals, he has been able to work under different projects in the past twenty years. Randal Nardone is, however, more talented with establishing foreign entities within the Fortress umbrella. Thanks to him, the company has structures in Asia, Europe and currently starting operations in Africa. Apart from this expansion, he is responsible with legal matters pertaining to the company’s operations and the company’s relations with other entities. Randal Nardone role is crucial since the company operates in the world of contracts and tight policies. More about Randal Nardone at Bloomberg.

Besides his experience, Nardone is one of the most qualified personnel in the investment market. First, he is a University of Connecticut and Boston University graduate. In these two institutions, he pursued different academic fields. For example at Connecticut, the investment manager pursued arts and at Boston, he did a law-related course. His ability to blend in the two different academic backgrounds makes him one of the most versatile personalities in the world of finance. His time at Thacher Proffitt & Wood also opened up his understanding of legal matters, especially on the financial and investment world.

On top of being an exceptional investment manager, Randal Nardone is part of many diverse boards in the USA. The boards are uniquely different from each other and this paints Nardone as a diverse professional. Since he is passionate about housing, Randal Nardone is part of Brookdale Senior Living and the fast-growing Alea Group Holding. In all these boards, he contributes immensely without compromising his work at Fortress.

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

 

Biography

Richard Liu Qiangdong a billionaire and a renowned internet entrepreneur was born in Jiangsu, China in the early 1970s. During his child age, Richard Liu had ambition dreams of becoming a great person in the society. In 1996, he pursued a bachelor’s degree in sociology at the People`s University known as Renmin University of China; he later attained an EMBA at China Europe international business school. Richard Liu has a great experience on computers which he learned during free time. Richard Liu is married to Zhang Zetian and a father to two children.

 

After his graduation, Liu Qiangdong was employed in a Japanese health products enterprise to serve as a director for both the business and the computers; he was also a logistics supervisor. In June 1998, Richard Liu started his own company which specialized in distributing Magneto-optical products. This business expanded leading to the establishment of twelve more stores. Visit This Page for additional information.

 

An outbreak of a viral respiratory disease of zoonotic origin known as severe acute respiratory syndrome led to fewer customers in Richard Liu`s business, and as a result, he decided to involve himself with the internet. He created a website known as the JD.com in 2004 which marked the beginning of his e-commerce business.

 

JD.com

JD.com is among the leading online businesses in China. Richard Liu who is the chief executive officer established JD.com after dissolving all his previous stores. JD. Com is a multi-billion enterprise that deals with high-quality consumer products as well as electronics. This business has developed dramatically and serves almost a billion active users in a month. JD.com has prominent shareholders who foresee its success they include;

  • Walmart whose stake is at 12%,
  • WeChat owner who has a 15% stake in the company. WeChat a social network site its role is to ensure that JD.com has more active users than the company was previously.
  • com also has invested millions of monies with Farfetch to capitalize on the two companies’ maximum excelling in the luxury fashion field.

 

Despite the stiff competition from Amazon, Alphabet, and Alibaba companies JD.com has put in place plan that will create a more efficient online system in the future. JD.com is an enterprise that entails big data and robotics for creating the 4th industrial revolution.

 

See Also: https://www.businessoffashion.com/community/people/richard-liu

 

The interview on WeForm.org entitled “An Insight, an Idea Was Richard Liu” discusses some of the successes been experienced by JD.com. Many people around the world are not completely familiar with JD.com, but it is the largest online retailer in China. In fact, the company has been so successful that it is worth almost $60 billion. It is a major driver of the Chinese economy and has designs on entering the global scale in the coming years. The founder of the company Richard Liu Qiangdong has put considerable work into the growth of this company. He has used many of the lessons that he is learned throughout the years to make it one of the best companies it could possibly be.

 

One of the first questions that Richard Liu’s interviewer asks him is about the name for JD.com. Richard Liu explains that it was the result of a mash-up between his name and the name of his then-girlfriend. While the relationship did not work out, the company has grown substantially. The reason that the company has grown so well is that Richard Liu learned from a very early age that he would need to be hands-on with his business. He had tried to enter into the restaurant market, but unfortunately that venture failed. He explains that while it was a difficult time it taught him a lot about what it took to make a business succeed. He has applied those lessons to JD.com.

 

Richard Liu believes that one of the reasons why JD.com is so successful is because they offer a guarantee that was not readily available in 2004 when the company started. A lot of online retailers were simply offering products willy-nilly. Many of the items that they sold were broken, counterfeit, or of poor quality. JD.com was like a breath of fresh air for the customers in China. He wanted them to have confidence in their product. He is hoping that in the future the world will be able to appreciate the outstanding level of quality that JD.com puts into their product selection. He wants future customers to be on the lookout for JD.com. See This Article for more information.

 

Related reference https://www.crunchbase.com/person/qiangdong-liu