The businessman is the pioneer of JD.com and works at the organization as its chief executive officer. One of his latest business decision was to invest in a Chinese based company known as Farfetch. He has invested millions of dollars in the fashion industry and that has earned him a position in the BoF 500 list. JD.com has grown over the years and is now considered one of the largest e-commerce sites in China. The firm is currently valued at $57.6 billion. Richard Liu is listed in the Forbes Magazine as one of the billionaires in the world. Walmart has a 12% stake at JD.com.
Richard Liu was interviewed in Davos during the World Economic Forum. He expressed his excitement for meeting his partners there. When asked when JD.com was started, he revealed that it was in 2004. The name was derived from combining his first girlfriend’s last name and his first name. Even at a tender age, he helped his parents do a transport business which was a sole proprietorship.
He acquired his higher education in a college based in Beijing. Richard Liu Qiangdong started a restaurant while studying at the institution. After some time, the business failed when he was in his third year because he barely got time to run the restaurant. The entrepreneur later started a retail business in a small store with the aim of helping his family. The business involved selling various computer accessories. With time, he opened twelve stores in different locations.
After the SARS Epidemic hit the country, Richard Liu Qiangdong closed all the stores, and the workers were required to stay at home as talking to each other face to face was very risky. However, the managers were left to discuss the way forward in the office. One of the managers suggested that they should offer the various accessories on an online platform to reduce the risk of spreading the SARS Epidemic. When asked whether the person who gave the suggestion was still working for him, he said that the manager was already a billionaire after his successful business ventures. According to Liu, he discovered that the online stores were more effective and easier to run due to low logistical costs and the customers were happy about it.
In the modern world there exists in inequality of services between the poor and minorities, compared to the rich. Jeremy Goldstein is lawyer who believes in giving back to the community who supports him. He recently hosted a Wine Party in New York with many of his colleges in the name of Fountain House.
The event was a huge success both in terms of attendance, and how much was raised for this organization. There are a pair of online articles that expanded on the event, and who benefits from Foundation House. Learn more about Jeremy Goldstein: http://www.bizjournals.com/newyork/potmsearch/detail/submission/6423046
The first article is a press release coming from PR Newswire. It discusses how they had wine from all over the region, and Jeremy Goldstein hosted two events Read more: Jeremy Goldstein | Ideamensch and Jeremy Goldstein | Chambers and Partners
He raised a combined $56,000 for Foundation House. As a member on the Board of Directors, he takes great pride in helping those less fortunate and wishes to encourage his colleges to to the same. The money has greatly helped the organization reach its goal of helping those with mental conditions get back on their feet.
This is followed with a article with Patch that describes the mission of Foundation House. They put all of their resources into helping those with mental illness get an education, find housing, get a job, and stabilize their life. The base of operations is around New York, but they have spread into communities across the country. Since they beginning, the rates of mentally ill individuals in bad situations has dropped substantial in communities they are involved with. Jeremy Goldstein is pleased with their progress.
Jeremy Goldstein is a lawyer during the day, and a proud member of the community outside of work. His job shows him what happens to those who stray from the path of life, and so he wants to help people live.
Billion dollar investment firm Fortress Investment Group transferred its ownership rights to SoftBank, an investing company in Japan, in 2017. Wes Edens and Randy Nardone started Fortress in 1998 as a private equity firm managing assets and acquiring majority control of struggling companies. According to Wall Street Journal, SoftBank acquired Fortress for $3.3 billion giving the owners control of management and operations. Edens and Pete Briger hold Co-Chief Executive Officer and Co-Chairman positions, and will keep their roles as executives. Briger heads the Credit & Real Estate Business Division and serves as the President. Visit wsj.com
Briger, Edens, and Nardone are the principles of Fortress Investment Group and manages hedge funds and investment funds for qualified investors. Edens heads PE and serves as the President of PE and PE CIO. They seek companies in communications, renewable electricity procedures, consumer finance, and real estate. One day after Wall Street Journal reported the sale, Fortress’s shares increased to nearly 30 percent. For 20 years, the firm continues to be a leader in the investment management industry for credit funds and managing traditional private equity portfolios.
Most assets managed by the Fortress Investment Group is in Logan Circle Partners, a fixed income investing unit in Philadelphia, Pennsylvania. The firm acquired the managing company in 2010 and manages over $33 billion in credit and real estate assets, and private equity funds. They manage $18 billion in credit and real estate, and $7 billion in equity funds for Logan. By the end of September 2017, the firm managed $6.8 billion earning millions of dollars in revenue fees yearly.
The Fortress Investment Group team brings experience in structured deals, compliance, trading, and asset management to SoftBank. By the end of February 2017, Fortress managed seven percent of funds from investors in Asia and three percent of funding from the Middle East. SoftBank has locations in San Francisco and plans to invest $50 billion in the United States creating 50,000 jobs. Masayoshi Son, the CEO of SoftBank said he is considering investing into start-ups in the country when he visited the Trump Tower to meet with President Donald Trump.
Brazil is home to many successful entrepreneurs, with the majority focusing on financial and investment businesses. Igor Cornelsen is one of the most successful investors in Brazil, and he established his investment firm to continue earning profit from large businesses across the world. Before he became a business owner, he started working for private financial firms, learning a lot of things in the process. He used what he learned from the university, and applied it to his career in the financial sector. Initially enrolling as an Engineering student at the Federal University of Panara, he decided to shift to Economics two years after he first entered the university. He stated that he felt more comfortable dealing with economics rather than face complicated mathematical problems. His shift to a different course was a good decision, as he was very good in dealing with finances. Without shifting to a different course, he would not be the successful entrepreneur known today.
Igor Cornelsen graduated from the university in 1970, and he immediately searched for jobs. His first job was with Multibanco, a local Brazilian bank. Four years later, he was promoted to become one of the company’s boards of directors, and another two years passed before he became the chief executive officer of Multibanco. The acquisition of Multibanco by the Bank of America in 1978 allowed Igor Cornelsen to continue serving the position as the company head, but he decided to resign in 1985 to work with a merchant bank from London. He decided to return serving his own country as he transferred to the Standard Chartered Merchant Bank, staying there until 1995. Today, he is busy managing his investment firm. He has been applying all of the strategies and the methods that he learned from his previous companies, and his expertise of almost five decades also poses as an advantage.
Dick DeVos was born in 1955, and he has been a force to be reckoned with for most of his life. He served as the CEO of Amway for close to a decade and also ran to serve as governor of the state of Michigan. While he lost that race, he has continued to do everything he can for the people of his home state. DeVos studied at Northwood University where he earned his bachelor’s degree in business administration. He also received a trio of honorary doctorates from Northwood University, Central Michigan University, and Grove City College.
Close to thirty years ago, Dick DeVos was a large of putting a stop to plans that could have been detrimental to the city of Grand Rapids, Michigan. While others sat around and didn’t do much, he got on the phone and began a lobbying effort when he caught wind of a plan to build a multi-purpose arena and convention center in the city. While this may have seemed like a good idea, he drew from his experience and remembered a similar event that took place in Detroit that didn’t go so well.
That event was the construction of the Pontiac Silverdome and Palace of Auburn Hills, which ended up costing the city a lot of money when the Detroit Pistons and Lions vacated the city in the 1970s. The arena and convention center that was being proposed for the city of Grand Rapids was going to be built just north of the downtown area, and he knew this would not be good. During his campaign to shut down the idea, he ended up putting together Grand Action. The group, which is composed of important business figures from the city, has been responsible for the building of the Grand Rapids City Market, the DeVos Place Convention Center, Van Andel Arena, and many other buildings in the city.
Dick DeVos was also recently chosen to serve as a member of the 13-member Management Advisory Council for the Federal Aviation Administration. The group is in place to oversee the administration and watch over matters related to regulation in the industry, long-term planning, spending, and policy matters. He is expected to serve for 3 years and will continue to serve as a businessman during this time. The move makes a lot of sense as DeVos is a pilot who has years of experience in the industry.
Read http://dickdevos.com/news/ to learn more.
James River Capital is an investment firm that was originally created under the name KP Futures Management Corp. in 1986. Under the company’s initial startup obligations, it serviced as an alternate investment sector for “Kidder” (Kidder, Peabody & Co., Inc.). However, as of today, the company operates as an independent advisory firm due to being purchased by Paul Saunders (CEO/ Portfolio Manager) and Kevin Brandt (Co-founder/President) in 1995. Nevertheless, since gaining its independence, James River became registered with the SEC to administer services as an Investment Advisor and registered with the CFTC to provide services as a Commodity Pool Operator and as a Commodity Trading Advisor. Learn more: http://jrccblog.net/
Certainly, as an affluent investment advisory firm, employees at James River Capital can be credited as being experts in both the knowledge of finance and maintenance of business professionalism. Furthermore, by being in a position to service others, the company has acquired the role of leadership among other companies and individuals within society. Upon being sought after for advice on establishing agreements and continual accomplishments within the workforce, James River devised a list of 3 very detailed tips to help improve and prolong the longevity of an individual’s/company’s leadership role.
The first of these tips for improved leadership is to try to take a different mental approach in dealing with employees by choosing to provide more support to the team in opposition to that of always feeling the need to lead. According to James River, putting forth the effort to actually prioritize encouragement with others rather than assuming the need to direct all the time can positively alter the work environment by boosting mood and inspiring increased fellowship.
The next essential tip that James River Capital provides to acquire and maintain quality leadership is to offer the opportunity to employees to express their concerns regarding any work-related issues within the workforce. It is often the case that the freedom to provide negative feedback to the boss is shunned. Yet, by encouraging this as a leader, psychological safety is created within the workplace—leaving more mental clarity to focus on creativity.
Last of all, James River relates that great leadership style is obtained through the enforcement of equal treatment and respect for all employees and their opinions. To ensure that every employee has an opportunity to voice their opinions, the firm advises leaders to create a list of all employee names during meetings and to check them off as opinions are given. By doing this, the leader creates a feeling of a sense of value within their employees, thus, serving as an additional means of encouragement and demonstrating appreciation.
For OSI Group, terms like environmental management, sustainability and workplace safety are more than just popular buzzwords designed make a company look good. OSI facilities around the world engage in regular and rigorous training programs to bolster these basic principles.
A recent example is the OSI Group plant in Enns, Austria. The entire facility shut down for a day in October to conduct a workplace safety and environmental awareness day. Work teams are formed to undergo intensive training seminars and work through specific modules that bolster sound environmental practices while also focusing on safety factors.
Some of the activities include fire extinguisher training and role playing fire brigade protocols. A general lecture is given on fire prevention. Information is provided about what to do if any kind of fire breaks out, including taking action to control a blaze or how to efficiently evacuate. Visit linkedin.com
Adopting highly specific workplace safety protocols not only makes accidents less likely, but less severe if they do happen. A safe work environment is also a happy work environment. Employees are more comfortable at work if they are confident in their operating space.
OSI Group owns two other facilities in Austria in addition to its plant in Enns, a small city in northern Austria with just over 11,000 residents. The OSI Group world headquarters is located in Aurora, Illinois. The company originated in the greater Chicago area more than 100 years ago. Today, OSI spans the globe with 65 robust operations functioning in 17 nations. The company employs some 20,000 people worldwide.
A hallmark of OSI is its commitment to stringent environmental management practices designed to leave behind the smallest carbon footprint possible. To that end, the company is moving aggressively to adopt solar and wind power. It also innovates by capturing rainfall, recycling gray water, using low-flow faucets and extensive use of superior insulation — to name just a few practices.
Environmental management and safety go hand in hand. Food processing is a naturally energy intensive process and also involves the use of a lot of machinery, and frankly , sharp objects. Good training is the key to keeping accidents to a minimum.
Bubble Predictor And Inflection Point Prognosticator, Paul Mampilly, Proves Himself An Adept At Knowing When To Put In And When To Pull Out Of The Market
Bubbles are beautiful, ephemeral things that eventually burst. When the term bubble is applied to a great investment idea, it refers to a temporary and prolific gain in an asset that greatly exceeds the asset’s actual, intrinsic worth. A mania sets in as investors across the board speculate on something they have reason to believe will pay off.The trick to not getting caught inside a bursting bubble is to see the burst before it happens, an ability that even a good investors sometimes lack. One investor who can honestly say he saw a bubble forming and got out of its way before it burst is Paul Mampilly.
In 1999 when the market rallied and numerous tech stocks zoomed to 1000%, Mampilly saw the escalation for the mania-fueled bubble it was and got out before it all popped in 2001.Another area where expert Paul Mampilly sees a bubble forming is in the cryptocurrency sector. Public interest has driven bitcoin stocks with much the same convulsive lurch upwards that was the hallmark of the 1999 crisis. Two competitors of bitcoin have also experienced ridiculous growth. Ethereum ballooned 13000% in 12 months. Litecoin doubled in a mere 24 hours.Cryptocurrency fits the profile for a likely to get caught in a bubble stock, according to Paul Mampilly , because it’s digital money. Therefore, its value lies entirely in the public’s ever-fickle demand for it.
Mampilly investment ability to suss out inflection points in the market, which are turning point after which fulsome change is likely to occur, is not limited to seeing bubbles and predicting their eventual eruption.In 2009 a market crash caused stocks to bottom. Yet, Paul Mampilly believed the market was set for a rebound and proved his point, earning 88 million on a 50 million dollar investment. It was actually the Templeton Foundation which invited Mampilly to invest the 50 million to see what he could do with it in the space of two years. His more than 75% return showed why he deserved to win the Templeton competition, moreover why his loyal readership regularly battens on his investment newsletter, “Profits Unlimited.”
Over the last few years, the private investment sector has been rapidly growing due to a number of factors. These factors include challenges with being public companies associates. This challenge was caused by regulations requiring companies to disclose their financial transactions public due to accounting scandals and malpractice in the public companies. Another factor is associated with the previous one. One’s companies financial affairs are made public in the short run can scare investors if they fall short of their expectations. They can withdraw their support mid-year which would lead to the collapse of institutions. The final factor and the most relevant to Gareth Henry is regulatory changes for banks in the wake of the financial crisis in 2008.
Gareth Henry has worked for financial institutions and a number of very prominent United States-based alternative investment organizations. He was employed by Schroders, a money management firm in London, as a director of strategic solutions. Gareth Henry worked for SEI investments in London and Philadelphia as an investment manager and also for Watson Wyatt, London, as an analyst. In recent years, he worked with Fortress investments first as head of international investments relations and then as global head of investor relations. In the latter post, he oversaw a unit that targeted the firm’s global sales, marketing, and clients.
Gareth Henry is a holder of a bachelor’s degree in actuarial mathematics and statistics from the University of Edinburgh. He credits this degree for propelling him in the private credit and private equity industry by giving him a better view and understanding of the investment world. He uniquely combines his industrial experience and mathematical training to create a significantly successful career in alternative asset investment industry.
After working in the private credit and private equity offering credit to firms, Gareth Henry has an emphasis on working on feedback from your teams, peers, and clients. Feedback is a key factor in understanding the dynamics that you are operating in. He also credits precision thinking and personal touch in his work for creating working relations within the market and for his successful career.
Gareth Henry’s Facebook Page.
David Zalik came to the United States at age 3. His family had migrated from Israel in order to follow his father’s job. When Zalik entered school, his teachers quickly discovered that they were dealing with a truly exceptional student. Zalik proved to be a child prodigy, blazing through elementary and middle school and skipping grade after grade along the way. By the time he was 12, he had sufficient credits to graduate from high school. He was invited to attend Auburn University later that year.
An entrepreneur is born
Zalik enjoyed his first year of university studies. But by the middle of his second year, he was growing bored with the stifling academic environment. At the age of just 14, Zalik dropped out of college in order to found his first company, computer manufacturer MicroTech.
He worked hard at the business. And eventually, nine years later, he was able to sell the company for $5 million. Zalik then took that money and plowed it into Atlanta-area commercial real estate where he was again able to enjoy a high degree of success. Within just a few years, he had driven his net worth up to $12 million through astute real estate investments.
In the meantime, Zalik founded a number of tech startups. One of those would come to be called GreenSky, a financial technology company that matches lenders with borrowers on an instant basis to allow big-ticket purchases of retail goods and services. It would be with GreenSky Credit where Zalik would finally hit the true bigtime.
GreenSky was founded in 2006. Zalik had put up his entire real estate empire as collateral against a loan in order to launch the company. At the time, it looked like a risky proposition. But Zalik knew exactly what he was doing.
Today, GreenSky is worth an estimated $5 billion. The company is doing billions of dollars each year in new loans and is considering an IPO, which some analysts have stated may be the most valuable of its kind in the history of the fintech space. Under Zalik’s continued leadership, GreenSky has a bright future.