Richard Liu Qiangdong is a Chinese renowned entrepreneur and CEO of JD.com. JD.com is one of China’s largest e-commerce platforms. The father of two spoke at an interview and revealed many things concerning his personal life and business life. While he is busy working at his company, he finds time to spend with family of two children and wife. His last born is too young to realize how successful and famous his father is.
Richard Liu went through a lot of trouble starting and growing a company that is now very popular in China. The e-commerce platform is a preferred shopping destination for many people in China. This is contributed to the fact that 15% of China consumer consumption takes place online. It is way more than the percentage of consumer consumption that takes place online in the United States.
It all started in 1998. Richard Liu was struggling with financial challenges. He put his entrepreneurial mind into work and started a tech shop. The tech shop sold computer accessories. The business picked up quickly and conceived 11 more shops. The success story of Richard Lie Qiangdong which led a rising trajectory fell down abruptly after the sars outbreak in China. He had nothing to do but close down the business for fear of contracting the disease.
He eventually ventured into e-commerce after a while of soul searching and thinking. The business did well with fast-moving consumer goods being the top-selling products. Before going there, the platform only sold few products including electronics and IT equipment. Richard Liu added products with time to fill the platform with authenticated products. The platform had no room for unauthenticated products because Richard Liu was striving to streamline the online market which was otherwise “chaotic”.
JD.com has come a long way to have over 1 billion products and its presence felt around the world. They are not resting until the company becomes the number online shopping platform in the world. According to Richard Liu Qiangdong, it will take 10 years only for JD.com to attain that. So far, it has expanded to some parts of Southern Asia and it looks to make a move into the United States market.
Richard Liu Qiangdong’s : Twitter
For someone who took double degrees in English and Biology in college, Randal Nardone took a different turn when he ended up in a top position at an investments giant and eventually winding up in the list of Forbes Billionaires.
At only 52 yearsold, Randal Nardone has already made significant accomplishments at Fortress Investment Group. Despite having a jurisprudence doctorate degree, he found himself more interested in management of assets than dealing with litigations.
Nardone was still in the law practice when he decided to pick up new tricks of the trade that enabled him to combine law and finances. His illustrious professional journey started with being a partner at Thacher Proffitt & Wood. He then moved on to the BlackRock group where he became a Principal and eventually at UBS as a Managing Director. This all happened before he and his friend West Edens decided to put up Fortress Investment Group in 1998 where would end up holding various positions over the years.
NYSE recognizes Fortress Investment Group as one of the most remarkable investment players. Companies would opt to get their services because of the excellent portfolio that Randal Nardone has helped put together. While taking on various roles within Fortress Investment and its subsets, Nardone also holds the Chairmanship and President posts at Springleaf Financial Holdings. His list of duties also finds him at Newcastle Investment Holdings as Secretary as well as Vice President . These would coincide with his other participation in Fortress Registered Investment as principal and also Chief Executive.
Currently, Randal Nardone’s designation is CEO at the Fortress Investment Group. His title was kept even after SoftBank Group purchased Fortress Investment. Nardone believes that this acquisition would most definitely help strengthen his firm. He is quite optimistic that the company would grow far quicker in the future and would gain to better sources of credit. In fact, the executives at Fortress Investment made $1.39 billion following the acquisition made by SoftBank. The said amount was split amongst the shareholders based on the size of their ownership. Nardone’s group is believed to have assets worth $69.6 billion. Softbank on the otherhand has a portfolio of global companies which will undoubtedly be beneficial to the Fortress Investment Group.
It surely does not come as a surprise that Randal Nardone would end up in the list of Billionaires compiled by Forbes Magazine. At number 557, he is easily a shoe-in because of his experience and his vast knowledge in financial investments.
An Indian native, Anil Chaturvedi is a globally known banker who boasts of over four decades of experience in investment banking and corporate and private banking. In fact, he featured in the list of the world’s most elite bankers. Handling cross-border transactions between India and European nations is one of his areas of expertise. Mr. Anil’s sheer hard work and determination at Delhi University earned him a degree in Economics in 1973. Delhi University School of Economics honored him with an MBA in Financial Management in the same year. Mr. Chaturvedi worked for numerous banks in India before relocating to the United States where he landed his first job as the managing director of development and planning at the State Bank of India. Most of Anil Chaturvedi’s clients at the State Bank of India were Indians living in the United States.
After years of excellence in the State Bank of India, Anil Chaturvedi landed a job as the global managing director of Merrill Lynch. Anil Chaturvedi worked as a private banker for 18 years and would serve clients all over Asia, Europe, and the United States. He held the position of the Managing Director of Merrill Lynch for fifteen years before his appointment as the Managing Director of Hinduja Bank, a multinational bank headquartered in Geneva, Switzerland. Mr. Chaturvedi leverages his banking experience and expertise to help Hinduja Bank form cross-border strategic alliances with European and Asian banks. He was also instrumental in creating opportunities for people interested in investing in the world of banking. His other areas of specialty include capital raising, global banking, amalgamations, and credit syndication. Besides, Mr. Anil has contributed immensely towards the success of numerous e-commerce startup companies in India.
In 2006, Anil Chaturvedi teamed up with his wife, Kiran, to establish a charitable organization, Kiran, and Anil Chaturvedi Foundation, to offer grants to global humanitarian entities. Mr. Chaturvedi would also use the foundation to encourage voluntarism and help aspiring tech entrepreneurs get off the ground. Anil Chaturvedi initiated the introduction of credit cards and online banking in Hinduja Bank in the 1990s.
Reporter Expert recently published Randall Shepherd’s article “How to Get Your Cut of the $34.6 Billion in Freedom Checks”. The article reveals the Freedom Checks as an investment strategy related to the new tax plan. Matt Badiali revealed these to the world through a video where he described that everyone can benefit from them. Read this article at Medium.com.
To become a part of the program, a company’s income must be from production or processing of natural resources and nearly anyone can invest in it with as little as $10. However, it isn’t quite the same as medicare or Social Security. It doesn’t require you to be a certain age and people are expected to get a higher return than what people obtain from Social Security. The Master Limited Partnership, the investment possibility that Matt Badiali is bringing into the world is where limited partnerships are traded publically. The business gains because it can have the tax advantages that partnerships receive while also letting those who invest in them skip out on being taxed on their profits until they are paid.
Most of the businesses are involved in the processing of natural resources like gas and oil. These companies look for new possible pipelines and wells for the natural resource while also refining the oil. These companies can present their investors with checks as they like, while also functioning as a tax-free entity.
The Freedom Checks were also present in the Gazette Day article “$34.6 Billion in ‘Freedom Check’s May Be Your Ticket to Retirement”. The article, by Lisa Matthews, reveals that Matt Badiali’s Freedom Checks might be an easy alternative for retirement investing. Since most people simply invest their retirement money into 401(k)’s, it isn’t necessarily a guarantee to prosperity. Badiali, however has created this investment program to help investors increase their wealth. It uses an obscure tax law that allows investors to earn high returns and gain a subsidy from the government. It works through Master Limited Partnerships which allows companies to have a special kind of partnership that is publically traded. The code has been around since 1981, but it has recently provided better tax benefits for investors. Matt Badiali suggests investors will receive recurring payments for years.
Matt Biadali is an experienced investor and a senior analyst at Banyan Hill Publishing. He obtained his B.S. in Earth Sciences from Pennsylvania State University. He also gained his Masters from Florida Atlantic University and his Ph.D. from the University of North Carolina. Read this article at Banyan Hill.