2018 Proves Fortress Investment Group was a Good Buy for SoftBank

Fortress Investment Group has spent 20 years making waves in the investing world, drawing attention from investors. They experienced a significant number of changes over 2018, but even when challenged they proved that they remain a group worth watching.

When SoftBank bought this investment group, they got access to $40 billion in global assets. But the real valued product wast Fortress Investment Group’s decades of expertise, which they continue to put into daily practice, with SoftBank only taking up a seat on the group’s board.

CEO Rajeev Misra laid out the new ambitious agenda in a series of interviews throughout the year. Looking to expand their focus from the real estate market that made them so successful, Misra said Fortress Investment Group is looking to the tech sector. The plan is to gain majority shares of at least 100 tech companies, something they can actually pull off now that there’s not so much time and resources spent on hunting down prospective investors and convincing them to join.

SoftBank’s Vision initiative is part of how they’ll make this plan come together. Using their interest in real estate with this new interest in technology, they’re going after start ups that use both as the foundation of their company. This means companies like OpenDoor, Compass, and Katerra.

Fortress Investment Group is still interested in purchasing property of course. In October, they acquired a well placed Tiffany & Co. property in Palm Beach, Florida, and even have plans to expand the second floor with more office space. This was followed by buying SuperValu in Pompano Beach, closing out the year with two big closings in South Florida.

This past year made it clear that SoftBank was the right move, but the group remains interested in forging new partnerships when they make sense. Fortress Investment Group worked together with billionaire Nassef Sawiris to get a majority holding in the Aston Villa Football Club.

By taking calculated risks, Fortress Investment group made their name recognizable. That drew in the attention of SoftBank, who’s profiting off substantial experience that’s responsible for big moves in what could’ve otherwise been a year of adjustment. It’s that success and daring that has made them a name to be reckoned with.

For More info: www.crunchbase.com/organization/fortress-investment-group

Serge Belamant Fathered Decades Of Breakthrough Technologies

Credited with the ultimate invention of blockchain technology, Serge Belamant is a global leader in cryptotechnology. He has developed ground-breaking technologies and software programs for governments and several industries, including banking. Belamant’s journey began in the mid-1970s, substantially before computer technology became mainstream. Visit https://clearvoice.com/cv/SergeBelamant

Born in Tulle, France, in 1953, Serge Belamant moved to South Africa with his family when he was 14 years of age. Once he learned to read and write English, he enrolled in Johannesburg’s Highlands North Boys’ High School. Belamant excelled at chess, sports, and academics, quickly becoming a respected student. His performance and reputation earned him entry into the University of the Witwatersrand upon his graduation.

He began his education studying engineering, but during his second year Serge Belamant switched his focus to computer science and applied mathematics. In his third year, Belamant transferred universities. At the University of South Africa, he studied information systems; however, Belamant abandoned his academic pursuits and never completed a degree. Instead, he entered the workforce at the age of 22 and soon began work for a civil engineering company. It was while performing this job that Belamant developed applications to optimize dam-controlled water levels with drought conditions. He did so on one of the earliest public-key cryptosystems, the Rivest-Shamir-Adleman or RSA, and his career in cryptotechnology began.

One of Belamant’s earliest accomplishments involved breakthroughs in digital mapping and graphic interfaces that improved South Africa’s road system analysis. While at DATABANK, he designed the original scientifically-based financial system. Also in the banking arena, Serge Belamant developed a 10-step analytical program to determine risk and implement risk management.

In the 1980s when regulators placed global sanctions on the existing RSA cryptotechnology that some banking systems used to process transactions, Belamant worked to develop new switching technology. His new technology ran on parallel processors that conducted transactions faster and could override outages. Serge Belamant went on to found his own company, Net1 Technologies, based on his technological development, the Funds Transfer System. The company’s highlight happened in 1995 when Visa approached Belamant to create the processing company an application based on the technology. Read more on businesslive.co

 

Dick DeVos Makes Positive Impact On Grand Rapids Development

For Dick DeVos, life has been a myriad of positive business decisions. He learned from one of the best, his father Richard DeVos Sr. Although Richard recently passed on, his son has now become one of the leading businessmen in the country. His work with Grand Rapids businesses and the nearby airport have gained him some considerable praise for his ability to provide connections and insights.

 

Dick DeVos now works with the Federal Aviation Administration’s Management Advisory Council. The civilian board is made up of 13 members, most of whom are from transportation authority backgrounds. However, there are also some airline executives. For the past forty years, DeVos has been working with business leaders in Grand Rapids, but his work with the airport since 1999 was the reason behind his appointment to the council.

 

The Grand Rapids airport had been around since the early 1900s. It hadn’t ever been exactly popular. It was a smaller airport that only provided some flights to New York and Los Angeles. It was hardly the 3.26 million passengers a year airport that it is today.

 

However, DeVos had an idea that would help the airport get more passengers. He devised a strategy around business travelers. He began by contacting the AirTran Airways CEO in the early 2000s. He asked if the airline would be open to starting new flights to specific destinations. His idea was to bring in business travelers who were on the conference destination circuit. The airline agreed and set up new flights to Orlando, Vegas, St. Louis, and Denver from Grand Rapids.

 

This move alone instantly brought in new ticket sales. Business travelers began to use the airport, and finally there was activity at the DeVos Place Convention Center in downtown Grand Rapids.

 

For the past 10 years, the airport has been ramping up in business. This most recent year, there were a record-breaking 3.26 million passengers through the Grand Rapids airport. Now the Gerald R. Ford International Airport’s CEO has praised DeVos for being one of the driving factors for the airport’s success.

 

Other CEOs in aviation have also stated how great it is to have Dick DeVos on the FAA’s new council. His ability to help the Grand Rapids airport remodel and add new services has also granted new sales and revenue for the airport. These are the types of ideas that the FAA is looking for as they update policies and regulations in the next two years.

 

Visit http://www.dbdvfoundation.org/about to learn more.