SoftBank Group Corp announced that the $3.3 billion purchase of Fortress Investment Group has been finalized. The ongoing negotiations between the two business entities had been previously disclosed to the public and not that the agreement is completed SBG now owns all shares in Fortress that remain outstanding.Fortress will maintain its headquarters in New York City and operate independently under the SoftBank umbrella. The operations of Fortress will continue to be lead by principals Wes Edens, Pete Briger, and Randy Nardone. SoftBank for its part is committed to keeping the elements in place that have been responsible for the success of Fortress Investment Group to this date.Fortress Investment Group was founded in 1998 by Wesley Edens, businessman Rob Kauffman, and Randal A Nardone and begin operations exclusively as a private equity firm. Fortress soon expanded its areas of operations to include investments in real estate, hedge funds, as well as debt securities. The company continued to grow and became the first large-scale private equity firm in the country to be traded publicly on the New York Stock Exchange. Another key accomplishment for Fortress Investment Group was becoming the primary lender for Millennium Development Group in order to build the athlete’s village for the 2010 Olympic games that was built in Vancouver, Canada at a cost of $875 million. Construction of the village was completed in 2009 and ownership of the village was transferred to Fortress Investment Group following the completion of the 2010 Winter Olympics.The acquisition on the part of SoftBank is seen as the perfect opportunity for the Japanese company to penetrate United States financial markets. This move on the part of SoftBank is part of a series of moves intended to strengthen the company’s position in United States real estate and finance markets.A month before finalizing their Fortress acquisition, SoftBank invested $450 million in the real estate technology company, Compass. The deal has been heralded as the largest ever investment in real estate technology that has taken place in America. And two years ago SoftBank was a lead investor in the billion dollar round of funding for the lending startup Sofi that is based in San Francisco, California.

About SoftBank

SoftBank Group is a major player in the global technology industry and seeks to become the driving force of the Information Revolution. The SoftBank Vision Fund makes investments globally that will facilitate the next stages of development in this revolution. SoftBank’s first major close saw the company commit more than $93 billion in monetary capital.

About Fortress

Fortress Investment Group LLC. is an investment firm that has more than $36 billion in assets and maintains a highly diversified portfolio. Fortress Investment Group was founded in 1998 and is responsible for managing the assets for more than 1700 clients and private investing entities from around the world and across a wide range of investing industries.

Louis Chenevert is a leader who has managed to set a great record in the field of enterprise management. He started as out as a business person in Canada where he was born, and he proceeded to be known as the greatest corporate leader in the United States. Before his successful career, Louis was patient enough to learn from his tutors and gain the relevant skills from predecessors.

Such a factor enabled him to implement his skills accurately. In other cases, he added a little twitch to what had been taught and ended up making decisions that resulted in great success. In the corporate field, Louis Chenevert is attributed with being able to set new standards in leadership. He has been quoted by different enterprise leaders in their speech. His style was unique, and that is why he managed to become a very notable person in the corporate field.

Louis worked in different enterprises before being appointed to the helm of UTC, and once he joined the company, he initially worked as the CEO before eventually taking the full leadership as the Chairman. His objective while working as the chief executive officer of UTC was to ensure that the company is able to achieve the greatest capital gains. Louis has a great imagination, and once he spotted an opportunity, he worked out different ways that could be used to gain from the opportunity.

Louis previously admitted that the success he established at UTC was as a result of investing in the future. Once he realized the possibility of success that was brought forward by technology, he decided to get the most out of it. As a result, the share value of United Technology Corporation rose by over 200% since it was initially 37% and within a single year, it had increased to 137%. UTC ended up being recognized as a very profitable company in the US.

However, Louis admitted that the great achievement would not be possible were it not for support from dedicated colleagues who he continually motivated to do better in life. Excellent performance rarely goes unrecognized, and such a fact applies well for Louis Chenevert. For instance, he received an award from the National Building Museum once he acquired the highest position of leadership at UTC.

Todd Lubar is one among the list of successful Techpreneurs. He is a holder of speech communication degree from Syracuse University. The start of his career was at Crestar Mortgage Corporation as a loan facilitator. He got his traditional mortgage knowledge from this position. He later worked as a credit control manager at Legacy Financial Group in Texas. He made a significant role in growing Maryland office to being a production unit with an annual return of a hundred million dollars. He was later offered a position in First Magnus Financial Corporation as the vice president.

He had a passion in banking that made him start his own company Legendary Financial Company. The primary goal of this company was to provide loans to investors and individuals who were not given loans from competitive companies. The legendary financial Company has a subsidiary Legendary Property company that is involved in real estate. Todd Lubar is also in other business like he owns a company that deals with automotive scrap business. This company recycles metal and makes auto care products. He is the current president of TDL Global Ventures.

Todd Lubar (toddlubar.com) introduces smart homes technology. It entails the control of homes by using a remote. An individual can incorporate the house using the internet of things, and installation is in one database that is controlled using a remote. As an expert in real estate, he assists people to get their dream houses and homes. Todd attributes his success to five core traits including persistence, dedication, inquisitiveness, transparency and accountability and self-assurance.

Todd Lubar in an interview on patreon.com said that being organised and flexible makes one soar heights, especially in business. He employs a culture of honesty and trust in business whereby one should have a voice in any concern raised in the firm mostly in partnership. Todd is a futurist in that studies the market progress and can make future predictions. He is also a strategist who can make plans for his ventures that leads to a steady growth curve.

Todd Lubar holds other business positions. He is the senior director of Debt Defense services due to his knowledge in the credit and mortgage banking. He is, therefore, an inspiration to many future business people. Read more about on crunchbase.com.

Paul Mampilly is a well-known American Investor and serves as the senior editor and founder of Profits Unlimited. Profits Unlimited is a popular newsletter that was founded in 2016 and currently has six thousand subscribers

Profits Unlimited

Profits Unlimited was founded by Paul Mampilly to guide Americans on venturing into profitable investment opportunities. This monthly newsletter also consists of new stock options recommended by Paul to his subscribers. Paul tracks the progress of his investments through the website and relies on weekly stocks to update his model portfolio. Paul’s subscribers buy stock through their brokerage account and they consider this method to be the most profitable stock investment in the market industry.

About Paul Mampilly

Paul Mampilly is an American Investor and former hedge fund manager. Paul is the Senior Editor and Founder of the popular newsletter Profits Unlimited. Mr. Mampilly started his career as a Research Assistant in 1991 at Deutsche Bank. Afterwards, Paul progressed to Capuchin Group where he held the Editor title and later on became a Managing Director at Kinetics Asset Management. Paul has also covered the Biotech and Healthcare sector as an analyst.

Paul Mampilly also had the opportunity to work for Wall Street and be featured on various news channels such as Bloomberg TV, CNBC and Fox Business News. Mr. Mampilly won a competition for investment that was conducted in 2009 by Templeton Foundation. With over twenty five years experience in the investment industry, Paul has an impressive list of clients such as the Templeton Foundation, Royal Bank of Scotland, Swiss private banks,Sears, European aristocracy and Sears.

Mr. Mampilly is a Chartered Financial Analyst and holds an MBA from Fordham University situated in New York city.

Paul’s strong interests lie in the stock market where he has excelled in identifying small businesses and companies that have innovative business services and products.

Read: https://ideamensch.com/paul-mampilly/