Randal Nardone is a successful billionaire and co-founder of Fortress Investment Group LLC in 1998. He currently is ranked number 557 on the Forbes Billionaire list with a net worth of $1.8 billion. Nardone became a billionaire when he and his partners made a public offering, leaving him owning 53 million shares with a value of $1.6 billion.
Fortress is an investment and portfolio management group with headquarters in New York City. They manage portfolios for over 1,750 private investors across the globe, spanning several different industries. Additionally, they employ 915 people and boast an impressive 205 investment professionals. A cornerstone to the leadership and philosophy is to provide the strongest level of accountability and corporate veracity. This strategy helps them maintain strong relationships with their clients, establish trust with their investors, and develop successful portfolios.
Randal Nardone graduated from the University of Connecticut with a Bachelor of Arts in English and Biology. He has also earned his Juris Doctorate (J.D.) from Boston University School of Law. Nardone has had a significant career. Before co-founding Fortress, he was a managing director of UBS, a principal at BlackRock Management, and executive committee and partner at Thacher, Proffitt & Wood law firm. In addition to his role at Fortress, Randal Nardone boasts board membership at the following companies:
- Fortress Investment Group, LLC
- Springleaf Financial Holdings, LLC
- Fortress Credit Corporation
- Eurocastle Investment Limited
- Alea Group Holdings Bermuda Ltd.
- Florida East Coast Holdings Corp.
- Springleaf Finance, Inc.
- Springleaf REIT Inc.
With all of his board memberships, his leadership stretches across twenty different industries, including private equity and credit and real estate. Randal Nardone has held multiple positions with some of the companies he is currently a board member. These positions included director, Chief Operating Officer, Chief Executive Officer, Principal, portfolio manager, and other high-level assignments.
Randal Nardone’s leadership and expertise has led Fortress to be one of the world’s leaders in portfolio management and asset-based investments. He has used his education and experience to build a solid company with extraordinary wealth. With his current and previous successes, it can be assumed that he will continue to bring guidance and success to the companies he is affiliated with, in addition to future relationships he may forge.
Since 1909, the OSI Group has been delivering high quality service in the food industry. Their first notable claim to fame was being selected as McDonald’s first meat supplier. From there, OSI expanded by opening several plants throughout the United States, Europe and South America. Throughout the 1990’s and the 2000’s, they acquired other meat providers and processing plants key to their current success. Founded by Otto Kolschowsky as a butcher shop in the Chicago area, OSI is now a premier global provider in the food service industry and they also provide cradle-to-grave solutions to delight their clients internationally. Their main goal is to deliver food solutions anywhere in the world. In the article below, we will recap OSI Group President David McDonald who is a 30-year veteran with OSI as detailed in a recent article from Patch.com.
David McDonald came right out of high school to work for the company as a project manager and never looked back. He spent most of his early days growing up on a farm in Iowa. David graduated from Iowa State University earning a Bachelor’s degree in Animal Science. Upon graduating, he earned high honors with the Wallace E. Barron Outstanding Senior Award recognizing him for his community and academic activities.
As the current President and Chief Operating Officer, David McDonald is still committed to bringing continued success to the company. In his role today, David is mainly involved with OSI’s expansion territories in China and Europe. His belief is to allow his overseas partners to continue their culture and management decisions in their respective countries similar to how the Midwest operations started out. The article provides an example of this with OSI’s history with McDonalds Corporation. As McDonalds grew worldwide, Otto & Sons, now known as OSI, remained one of their food suppliers by maintaining a solid working relationship with the fast food giant. In a sense, OSI followed McDonald’s blueprint of being an international supplier.
The future for OSI is bright with the recent acquisition of Tyson Foods and other food giants. OSI has continued their steady growth and will continue to be a leader in the food service industry.David McDonald is married to his wife Malinda and they have six children.
Matt Badiali’s freedom checks video has garnered quite the response since its release. His promise of huge payouts for little to no effort has prompted many to take to the internet and seek him out. The results have said a lot about Badiali himself, showing his various degrees in Earth science in geology, his tenure as a writer for Banyan Hill, and his advocation of freedom checks. They have also brought up results that say, “Freedom Checks: Scam?”. Although, the payoff Badiali promises does sound to good to be true, one reason people turn up their noses is they have no idea what freedom checks are.
The investment that Badiali is talking about revolves around a new tax plan that has passed. Companies that operate in the natural resource market are eligible for these tax breaks, and the benefits of using more than swell their current coffers. But there is a catch, they must be what is known as an MLP. MLP stands for master limited partnership and represents an investment in a natural resource company through the purchase of a stake. The stakes have no controlling value, but they do grant the company working capital. This means the investor now has a piece of the company and is entitled to a percentage related to that piece. MLPs can operate like publicly traded companies even though they really are not. The tax break comes into effect when they allocate 90% of their total revenue to their stakeholders. Freedom Checks: Are They a Scam or the Real Deal?This payout, called a return of capital, comes in the form of a check every month or quarter.
This is the opportunity Badiali want to tell everyone about. Being a master of the natural resource market, the master investor understands full well the possibilities such stakes represent. A stake in one of these MLPs is quite affordable, some are even as low as $10 bucks. The stakes are very similar so the investment is a solid one. Freedom Checks are quite legit. It is also an investment and prone to the same risks. The payout is also related to the amount of money an investor puts in. $1000 dollars worth of stakes will bring a larger percentage than $20 bucks. But in any case both investors will get paid.