Randal Alan Nardone is one of the founders of Fortress Investment Group LLC which was launched in 1998. Since August 2013, he has been serving as the chief executive officer of the company. When the company was initially founded, Randal became the Principle. Currently, he serves at the Fortress Credit Corporation as the principle. He has been bestowed with other roles such as being the chairperson and president of the ever-blooming Springleaf Financial Holdings. His hard-working character has seen him being trusted with two tasks at Newcastle Investment Holdings LLC. The company recognizes Mr. Randal as the vice-chairperson as well as the secretary. His roles do not stop at that. At RIC Co-investment Fund LP, Randal serves as the Portfolio Manager, Secretary, and Chief Operating Officer. All the stated companies are just a fraction of the multinational companies that Mr. Randal Nardone has been privileged to serve.
Randal was born and brought up in the United States of America. While growing up, he was interested in business. To sharpen his skills, Mr. Nardone had to attend school. He, therefore, enrolled at Boston University School of Law. He was also privileged to attend the University of Connecticut. The importance and power of family were cultivated into Randal since he was young. This serves to explain financial services why he holds his family in high regards. He is married and has one child. Together with his family, Randal lives in New York.
The partnership between Randal, Kauffman Robert, Wesley Edens, and Briger Peter has borne fruits. The four are the most recent billionaires. Nardone has earned approximately $100 million in cash payouts for the last thirteen years. As of 2007, the net worth of Randal stood at $1.8 billion. This qualified him to join the Forbes Magazine list of billionaires. Mudd, the previous Chief Executive of Fortress Investment Group, was replaced by Mr. Nardone. No one was better suited in this position than Randal. His extensive experience placed him ahead of his competitors.
Nardone has excellent management and leadership qualities that most companies want to engage him in their operations. Nardone is not only hard working but also dedicated to delivering quality performance. Randal Nardone has been fortunate enough to serve as a member of the board in eight organizations. Interestingly, Nardone has worked in more than 20 different industries. As a result, he has gained extensive experience in leadership and managing different types of companies.
Born 87 years ago, George Soros has played a big part in the hedge fund business that has seen him accumulate his wealth. Over the years, George Soros has concentrated in philanthropy. He is a Hungarian where he survived the Second World War. Soros escaped to Britain in 1947 where he joined School of Economics and pursued a BSc and Master of Philosophy while working as railway porter and waiter. He started Open Society Foundations with the aim of fighting for democracy and bringing justice around the world.
Soros has continued to take part in active personal interest in the work of Open Society Foundation. The foundation is one of his establishments which he uses in steering democracies and fighting injustice issues and discrimination around the world. He has traveled extensively seeking for support of their operating and promotes for constructive policy transformations with leaders globally both privately and publicly. He has contributed over $ 32 billion as a person to fund their work globally. He has shown to be a real philanthropist with his numerous social foundations. He also established and is the main funder of the Central European University in Budapest which is a leader in offering social sciences studies in the region.
What has brought Soros to limelight recently is his contribution of $18 billion personal fortune to Open Society Foundations. This aims to support the foundation’s future work. The total amount he has donated Open Society over the years has summed up to $30 billion. His latest contribution has changed both the philanthropy he established and the investment firm supplying its wealth. The donation is one of the largest globally in non-profitable philanthropic work.
The Foundations has provided financial support to various programs globally like refugee relief and public health endeavors. The foundations mostly concentrate in advocating for the rights of immigrants, financing liberal causes and Roma children in Europe. This has seen its influence how political waves flow in some countries which have not gone well with some political parties.
The foundation expenditures sum up to approximately $ 14 billion over the years of its operation. Its existence has played a great in shaping how politics are run in some if not most of the countries globally. A perfect example is their support in political campaigns of the U.S politicians where Soros was supporting Hillary Clinton, the candidate for Democratic Party. He also financed in the war against hate crimes during that time with a donation of $10 million.
Most of the rich he has accumulated over time are known to go to Open Society at the end. This will not make a significant difference as he has been the chief financier of its operations through annual donations. The assets are valued to be more than $ 20 billion and will be transferred to the foundations during his lifetime or after death. His level of charity work is beyond any doubt another level and very commendable. He has proven to be one of a kind in how he runs things in striving to see justice in society.
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