Daily Archives: January 5, 2019

Rooting For The Underdog: Wes Edens

Wes Edens is the current leader of one of the most high-profile and most successful investment managing companies, The Fortress Investment Group LLC – and the success of the company is because of the excellence and consistency of their leader, Wes Edens.

Wes was recently featured in the Wall Street Journal because of his unusual strategy. Wes is a fan of making counter intuitive bets and betting on the underdog. Wes was known for his unusual bet from 2010 when he went into a subprime lending right after a downfall in the financial department – and now under his leadership, Fortress Investment Group is venturing into a 3 billion dollar deal to build a private passenger railroad transportation system in Florida and he made this decision at a time where self-driving cars were booming in the industry – and he propelled the decision to headline public transport – and he was successful about this. Which makes Edens’ bets on his counter intuitive strategies, weirdly something that the company should rely on.

Another one of his counter intuitive strategies and bets was when he invested on the National Basketball Association’s Milwaukee Bucks – and now he is a co owner of the basketball team. This basketball team’s last hopeful attempt for the NBA championship was almost fifty years ago – and on the same Friday that he made this decision, he made a major investment on a losing English Soccer Club, Aston Villa.

With all his counter intuitive and risky investments and bets, he is actually still hopeful that these investments will bear colorful fruits for him and his company. Wes Edens is definitely an individual that has a way to look for silver linings – and for Wes Edens, this works because Fortress is way over success.

The Fortress Investment Group LLC is currently one of the most highly diversified, and one of the leading global investment managers with over 40 billion dollars of asset value under management as of September of 2018. The Fortress Investment Group LLC now manages about 1,700 clients and private investors worldwide and they are particularly adepts on real estate, private equity and capital investment strategies.

Source: https://www.newseniorinv.com/about/leadership/board-of-directors/wesley-edens

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Richard Liu Qiandong’s Journey To E-Commerce Giant

Richard Liu Qiangdong is a successful internet entrepreneur, founder and CEO of China’s JD.com. JD.com is one of the largest e-commerce platforms in all of China. The popular American retailer Walmart, is also a shareholder in JD.com and recently raised their stake in the company. To increase it’s reach, JD.com invested in Farfetch with the goal of maximizing each company’s experience in luxury fashion. With a Sociology degree from the Renmin University of China, Richard Liu performed freelance coding work and enrolled in China Europe International Business School earning his EMBA. While he was a college student he invested in a restaurant but that business failed in a matter of months leaving him in debt.

After he graduated from China Europe International Business School, he then worked for Japan Life as director for computers, director for business, and as a logistics supervisor. By 1998 Richard Liu opened his own store in Beijing selling authorized magneto-optical products. Just five years later he had expanded his company to a dozen stores. Due to the SARS outbreak in 2003, Liu had to re-think the need for his brick and mortar stores and quickly chose to focus on e-commerce where he chose to sell a vast variety of products alongside electronics.

With a keen focus on seamless customer transactions and the use of technology to aid customers and the company, Richard Liu made large gains in revenues. He combined these efforts with the creation of a full category strategy for JD.com which has helped to make the company become one of the leading e-commerce businesses in China. By 2005 Richard Liu was offered 18 million yuan for JD.com. He rejected the offer to sell his company. JD.com is sometimes compared to Amazon due to similarities in their business models. By 2014, Tencent bought a stake in JD.com and agreed to promote JD.com on it’s WeChat social network that has almost one billion active monthly users. By the start of 2018, Richard Liu Qiangdong’s net worth rose to nearly $13 billion dollars.

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