Fortress Investment Group is Acquired by SoftBank

Chronicle of the Week recently published Haley Thompson’s article “With $3.3-Billion Acquisition of Fortress Investment Group, SoftBank Looks to Branch Out.” The article details the recent acquisition of a leading investment management firm by SoftBank. SoftBank was created nearly forty years ago in Japan and is seeking to take the company to the next level with the recent acquisition. The $3.3-billion deal will have little impact on the way Fortress Investment Group will function on a day to day basis. SoftBank even made it a part of important business deal to manage the company in a hands-off manner.SoftBank was founded by Masayoshi Son in the early 1980’s when he wanted to become a wholesaler of PC software.

However, the company soon grew to computer publishing as well as trade shows. In 1996, the fate of the company changed when it gained the controlling interest of Yahoo! The company has grown ever since with more than 400 internet based companies under its wing. It is also well known for its interest and development of technology startups.However, the recent acquisition of Fortress Investment Group reveals that SoftBank is ready to evolve in another way. The company was co-founded by Randy Nardone and Wes Edens in 1998. It soon grew into one of the largest asset management company that was dedicated to alternative assets. The company has more than 1750 private investors.

The company will continue to act independently and will stay in New York City. SoftBank will not have much say in how the company manages its $40 billion in assets. Many transactions are subject to the view of the Committee on Foreign Investments company in the U.S. which is why Fortress would only sign off on the deal if SoftBank relinquished the power to say how the assets are managed.Fortress Investment Group has seen a lot of exciting development in the last decade or so. One of the first big headliners for the company was when it went public in 2007. It was the first company of its kind to be publically traded on the New York Stock Exchange. Softbank has also acquired and developed the Vision Fund.

Keepping Up With Eric Lefkofsky

Who Is Eric Lefkofsky

Eric Lefkofsky was born in Michigan, and he has alway valued education. Eric Lefkofsky came from a hard-working family, and his family encouraged him to excel in all of his endeavors; that is exactly what he did. Lefkofsky went to the University of Michigan and got his Masters degree; he later went on to receive his Juris Doctorate. After finishing his studies as the university, Lefkofsky wanted to start his own company, but he did not have the funds to start it on his own. He got together with a friend, and together they were able to get enough funds from friends and family to start their very first successful company. After starting that first company, Lefkofsky went on to create several more successful businesses. Now Lefkofsky is an entrepreneur who has started some of the most well known companies in the world.

The Success of Groupon.com

Lefkofsky created the company that later became known as Groupon. Groupon.com is now an international retail company that can sell anything from small electronics to exotic getaways. Groupon is able to bring clients whatever they desire at a discounted fee. Groupon is a multibillion dollar company that was later sold to Google.

Lefkofsky and His Giving Spirit

Eric Lefkofsky and his wife founded the Lefkofsky Foundation. This is a foundation that gives back to local community in Michigan; it also helps children and families all around the world. There are plenty of individuals who selfishly keep all of their good fortune to themselves; they do not feel like they have to help out anyone else. That has not been the case with Erick Lefkofsky. Eric Lefkofsky has been able to find  his huge success for himself and his family, and he truly believes in giving back to those individuals who have had less opportunities in life.

Shervin Pishevar: Was The 21-Hour Tweet Storm Just a Rant, or a Hard Pill to Swallow?

During a 21-hour period during the week of February 4th, 2018, Iranian-American business tycoon Shervin Pishevar posted over 50 tweets from his Twitter account. His tweets included various topics such as stock market predictions and the future of Bitcoin, Google, and Amazon. He predicted that the stock market would crash, dropping 6,000 points. As if on cue, the market saw a dramatic reduction in shares, contradicting President Donald Trump’s claim of a booming economy. Shervin Pishevar also voiced his concerns over inflation, stating that inflation will forever be unstable due to the United State’s “war on trade.” His Bitcoin predictions included a drop by $2,500, followed by an eventual recovery.

Something that Shervin Pishevar mentions that is of great importance is the concept of entrepreneurship. The idea of owning your own business and making an astronomical income is no longer just a dream that comes with living in the United States. Now, it is a worldwide possibility. He feels that entrepreneurship is becoming more and more common and it will eventually take over. To Pishevar, innovation is changing around the world. And speaking of innovation, he does not think the United States has any. He mentions that while China’s economy is growing, the United States falls flat. He claims that our infrastructure is decaying rapidly, and that our ideas are pretty much outdated. We think more short-term, rather than making long-term goals for our economy.

Pishevar goes on to say that five major U.S. companies are causing issues for those who want to grow: Google, Amazon, Apple, Facebook, and Microsoft. These companies are placing a chokehold on small start-ups, barring the opportunity for wealth.

While some may find Shervin Pishevar’s rant to be bizarre,he has proven to us in the past that some of his claims are indeed factual. Because his empire was build from the ground up, he has been witness to many economic trends. This has made him quite the successful businessman, and he will continue to be such.

https://mashable.com/category/shervin-pishevar/

Wes Edens – Philanthropist And Founder Of Fortress Investment Group

Who Is The Founder Of Fortress Investment Group And How Much Does He Make?

Wes Edens is the founder and CEO (Chief Executive Officer) of Fortress Investment Group. The company was founded in 1998, and is headquarterd in New York City. Wes Edens’ take-home pay is $54.4 million yearly.

Wes Edens Educational Background

Wes Edens graduated in 1984 from Oregon State University with a Bachelor of Science degree in Finance.

What Sports Team Did Wes Edens Purchase?

The Milwaukee Bucks (a National Basketball Association) is co-owned by Wes Edens, which he bought from Herb Kohl for $555 million. He promised the team would remain in Wisconsin.

What eSports Is Wes Edens Involved In?

Wes Edens is the owner of the eSports called FlyQuest. eSports is a gaming video that is professional in nature and was created on January 6, 2017, by Fortress Investment Group. This organization has a League of Legends team, which is a contender in the North American League of Legends Tournament sequence.

What Does Forbes Say About Wes Edens?

According to Forbes, Wes Edens is named among the richest people and ranks as number 962. He has a net worth of $1.2 billion.

Previous Experience Of Wes Edens

In 1987, Wes Edens worked at Lehman Brothers. He worked as the Director and was a Partner until he resigned in 1993. He worked as an Asset Investor at BlackRock where he was a Partner up to 1997.

What Are Former And Cureent Employees Saying About Fortress Investment Group?

The employees of Fortress Investment Group give the company excellent reviews. According to a former employee who worked as a Financial Analyst, they enjoyed working at the company. The time they worked at the company was short, but they continue to communicate with the CEO, Director and Manager.Another former employee worked as a Distressed Debt Intern. This person’s experience was good and they learned from highly qualified professional employees.An employee who worked at the company as a Manager states that the environment at Fortress Investment Group is fast-paced.A current employee says the pay and benefits are good. It is a wonderful company to grow in your career. This employee says the other employees are very smart.A former employee states that as an intern, they had a work experience that was beyond belief. The planning of the program was wonderful and the employees were enthusiastic about working with the program.

Source of the article : https://markets.financialcontent.com/stocks/news/category?Category=Wes+Edens