Born in 1952, Hussain Sajwani is a renowned billionaire property developer and the Chairman and Founder of DAMAC Properties, a real estate development firm. The firm earned the top spot in the Forbes’ list of top 2000 real estate development companies in the world. It is one of the world’s fastest-growing realtors based on its revenue annual growth rate. Moreover, Hussain Sajwani, the founder of DAMAC Properties was ranked the fourth wealthiest Arab with $4.1 billion worth of assets.
Hussain Sajwani’s father was an entrepreneur and owned a shop that would sell shirts, watches, Parker pens, and import goods from China. Hussain was among the first few students privileged to obtain a government scholarship to study in the United States. His relentless efforts at the University of Washington earned him a degree in Economics and Industrial Engineering. Mr. Hussain Sajwani began his career in 1981 as a finance professional in Abu Dhabi Gas Industries. Over time, he launched a catering venture that targeted Bechtel and the U.S. military. His catering venture currently operates as Global Logistics Services.
Hussain Sajwani established DAMAC Properties, one of the Middle East’s top real estate agencies in 2002. Under the leadership of Mr. Sajwani, the company has developed approximately 19,000 apartments since its launch in 2002, and currently has more than 44,000 units under construction. Its shares started to trade on the Dubai Financial Market in 2015. Some of DAMAC Properties’ projects include luxury villas, paramount resorts and hotels, and golf courses. Gulf Business named Hussain Sajwani as one of the top 100 most influential investors from the Middle East.
Sajwani lives in Dubai with his wife and four children. One of his sons, Ali Sajwani, went to the Boston-based North Eastern University where he graduated with a degree in Economics. He currently serves as DAMAC Group’s general manager and the Arabian Business Achievement Award named him as one of the Future Stars in the Middle East in 2017. Hussain Sajwani sponsored the launch of DAMAC Foundation, a One Million Arab Coders Initiative, which specializes in the delivery of free software development training programs to youths in the Middle East.
Among the most distinguished honors for Mississippi connected Artists and their patrons is the Noel Polk Lifetime achievement award. Unfortunately for them this year, the Mississippi Institute of Arts and Letters (MIAL) awarded an architect within Mississippi, Robert Ivy, the Executive vice president of the American Institute of Architects (AIA). This award tops Roberts accomplishments throughout his career. Together with Andrew Young of Pearl River studio, he was awarded on June 2nd and officially joined the ranks behind previous honorees like Shelby Foot. Besides being an architect, he is an editor and author. Robert Ivy has published a Fay Jones Biography, a book that talks about an American architect who was a staunch follower of Frank Wright.
The publication is currently on its third edition. Mr. Robert has served on a panel that designated Frank Gehry to draw plans of the national Dwight Eisenhower memorial. He got his editing expertise from McGraw Hill an architectural record where he was a chief editor. During his time at the construction media house, they managed to distribute the highest number of the architectural journal worldwide. The record won several publication honors in the industry for both general and management excellence. Among the awards were the premier magazine journalism award and the national magazine award. The renowned architect holds a Masters of architecture from Tulane University despite having done English in his undergraduate at Sewanee, the University of the south.
Robert Ivy has earned numerous awards since he joined the industry. In 2009, he won the Crane awards and a year later got recognition by the architectural fraternity, Alpha Rho Chi as a master architect. This was a tremendous honor for him, being the only artist in the 21st century and among the only seven iconic architects with the title such as Richard Fuller. The MIAL president commended him for a job well done bringing architecture closer to the natives of Mississippi. Having seen AIA through attaining its highest level of success with its memberships increasing, Carl Elefante the president, appreciated and thanked Robert Ivy for being an incredible ambassador for the company and architecture in general. He has established an excellent reputation for himself in the field.
A real trailblazer of the investment industry is Fortress Investment Group. This investment firm has been in operation since 1998, after being founded by its three founders; Rob Kauffman (who retired in 2002), Wesley R. Edens, and Randal Nardone (who are still presidents of the company). Fortress is among the companies that started as private equity firms. The founders wanted to form an investment company of a unique kind that would facilitate in the consolidation of capital in the form of private equity and then invest it in cutting-edge instruments of investment that would help create more permanent cash flow for the company. The company started, and its success followed. Within the first five years of existence, Fortress Investment Group had already grown into a very large investment company.
However, the company remained a private equity organization, an aspect that was limiting its growth. In 2002, the firm’s management decided to diversify the company’s portfolio. They intended to manage more investment strategies for their clients so that they could minimize the risk of investing in a single asset strategy. This was when they came up with the idea of recruiting the third co-principal, Peter Briger. When Briger joined Fortress Investment Group, he immediately turned the company into an alternative asset manager. He introduced other asset strategies like real estate, permanent capital instruments, hedge funds, liquid markets and credit funds. This led to tremendous increase in the company’s assets from slightly over $500 million to $3.9 billion.
This was a great step since Fortress could then yield remarkable investment returns for their investors.The actual breakthrough for Fortress Investment Group came in 2007 when the organization went public. I was the first company of its nature and caliber in the whole world to announce an Initial Public Offer. This move was taken with a lot of seriousness in the industry, to the extent of even other companies imitating the move. A lot of companies followed the example of Fortress Group by also going public. Fortress gained a lot of popularity and acquired more clients who were interested in the success of the company. As we speak, The group manages assets for more than 2000 investors globally.
Being born from a poor background should never define who you are and what the fate of your life would be. Jim Toner is one man who was never intimidated by his history but instead focused on his goals. Currently, he is not only an entrepreneur but a philanthropist and a real estate investor as well. Additionally, he is the founder of Wealthy 101 systems, a platform for giving an insight on the emerging trends in the business world and how to tackle them.
From his recent news, Jim Toner explains how he survived in the real estate venture. He has been in the real estate business for 25 years. He gives a vivid picture of how he started with no money, to giving making it in the real estate world. The real estate business became a hurdle for him as from 2010. The unfortunate incidences started when he was approached by a conman who claimed to partner with him and his associates. The conman lured him into his trap by claiming to give them a good deal. The conman previously operated one of the most successful real estates in Arizona State. He even went ahead and showed them high profiles athletes. This gave them the confidence of partnering with him.
Just as the old saying goes, “better the devil you know than the angel you don’t know,” was a reality for Jim Toner. The partner managed to still all their money and left Jim Toner and his associates with no money. After the traumatizing incidence, Jim decided to quit the real estate business. It taught him about the dirty game that happens in the real estate business.
He began coaching the people on how they could improve their business income through working with the celebrities. Additionally, he had written a book known as, “Sending in the Wolves.” Surprisingly enough, the book managed to attain position one on Amazon. The book majored on the challenges that he faced as an entrepreneur in the real estate and how the scam is done in the same field. It was an inspirational book.
See Toner’s secret for financial freedom here: https://thenewsversion.com/2018/06/jim-toner-shares-secrets-financial-freedom/
Hussain Sajwani is one of the people known to have rapidly exploded into prominence through his entrepreneurship expertise. He is the owner of DAMAC Properties which is a leading company in Dubai in the real estate industry. There are a lot of risks and uncertainties in this, and not many entrepreneurs who venture in it can ensure their survival in the market for a significant time. Hussain Sajwani, the DAMAC owner, has proved to be an oracle in this sector since many have invested in it and have left because of the many challenges that lead to their collapse but he has always been able to cope up with, and his company is continuing to snowball even today.
In one of his interviews, he says that one of the critical factor that has enabled him to survive in the crazy competitive market in the real estate industry, is the ability to speculate about the future. This allows him to prepare for the risks and uncertainties so that when they come, they won’t get him unaware and be in confusion on how to deal with them.
He gives an example of the year 2008 economic depression due to the political crisis experienced during that time. He says that he and his team were able to see that coming, and when many businesses were forced to close, his company remained still, and it was never affected.
Another factor that has made his DAMAC Properties to expand over the years is the ability to keep updated with the technology. The market change from time to time regarding customer tastes and preferences, changes in the market structures among others that are caused by the change in technology. If a business person is not able to keep up with the changes, then he or she may end up being eliminated from the market.
Hussain Sajwani is now one of the most famous and the wealthiest people knew in Dubai. He even holds a prominent position in the list of the wealthiest billionaires in Forbes. He has engaged in numerous projects that have kept him going, for example, the Gulf Club project that is managed by the Donald Trump organization among others.
Randal Nardone is a successful investor and lawyer who has built his career for over twenty years. He pioneered Fortress Investment Group in 1998 with Wes Edens and has since served as its principal. Fortress Investment Group is a private equity company based in New York. Randal serves as the Chief Executive Officer of Fortress Investment and is responsible for the firm’s financial and legal dealings. He has steered the company to become a leading investment choice for people from all over the world. Randal has led the company to receive various accolades like the 2014 Hedge Fund Manager Award. The self-made billionaire is listed at number 557 on the Forbes Magazine billionaires list. He mostly amassed his wealth during the Initial Public Offering of Fortress Investment Group.
Randal is also a member on several other boards which offer him lucrative salaries. For Instance, he serves as the Principal and Director of the Fortress Credit Corporation, Non-Executive Director for Alea Group Holdings and the Director of SpringLeaf Finance, Inc. In 2017, SoftBank acquired Fortress Investment Group. Randal Nardone lauded this move and expressed his confidence that the partnership would offer more investment ventures. He pointed out that this would raise the confidence of investors and bring more profits to the company. During the acquisition, SoftBank retained Randal and his co-principals because of their leadership. Softbank was keen on continuing with the culture and values that they had created which steered Fortress to success.
Employees of Fortress Investment Group are happy with their salaries and the conducive work environment created by the management. They admire Randal’s leadership style which concentrates on fostering teamwork. His employees describe him as a skilled and passionate leader who is also an excellent mentor. Randal Nardone attended the Sewanee: The University of the South where he graduated with a Bachelor of Arts degree in English. Randal also went to Tulane University and studied Law. Before venturing into equity investment, he had a successful Law career at Thatcher Proffitt & Woods where he was also a partner. He became interested in finance after advising many financial institutions in his days as a lawyer. Before he co-founded Fortress Investment Group, he worked as the Managing Director of USB for a year. Randal also worked for a short period at BlackRock Financial investment. It is with through these jobs that he acquired knowledge and experience to start his company.
Jim Toner has been in the real estate business for over twenty-five years in a career where he has pretty much seen everything. He got his start in a modest way, beginning from the ground up and using his business IQ to make deals happen even when he had little to no money or credit and has built his brand into the recognizable entity that it is today. Jim has been featured on CNN and is notable for having given away numerous homes to veterans of the United States military. The truth is, however, that in 2010, Jim thought he was going to leave the world of real estate investment altogether. Jim Toner and a sizeable group of his clients were drawn into the web of an unscrupulous individual who certainly looked at face value to be legitimate but actually ended up taking them for the majority of their money. Beyond this bad experience, Jim was tired of the business in a general sense due to non-stop government intervention that stifled entrepreneurial endeavours in the industry. Jim had started to believe that the real estate business was no place for a legitimately honest businessman to ply his craft.
Things began to change when Jim was contacted by a friend and successful marketer who asked him to reconsider his decision to leave the business behind. Essentially, this friend convinced Jim that the industry desperately needed guys like him, real businessmen who were looking to find success through honest business practices and not through pretending to be some sort of guru when in fact they are a scam artist. This friend also convinced Jim that his legitimately inspiring rags to riches story was exactly what people needed to hear and that unlike these fake guru’s out there, Jim was the real deal. Jim decided to re-enter the business on the conditions that he would pick the market he would operate out of and recruit the best possible local investor in the region to run the program he would set up. At the end of the day, Jim Toner’s philosophy is that the true secret to being a real estate investment guru is that you have to actually be there, in the field, helping teach people how to make money in the business. This is in stark contrast to the so-called guru’s who are looking to simply turn a profit at the expense of those they are claiming to help. Read more about Jim Toner’s team here.
Jim Toner said, he has had a long and storied career as a real estate investor and is also well known for his speaking engagements as well as serving as a radio show host. He is known for placing a huge emphasis on simplifying the process of real estate investment in a way that everyday people can understand and then utilize.
Jim Toner is also the successful author of the book The Consumer’s Guide To Investment Real Estate in which he reveals the truths that the so-called real estate guru’s don’t want everyday investors to know about. The book has helped countless people in their pursuit of real estate investment success all the while annoying all of these so called guru’s. Regarding the annoyance of the so-called guru’s, Jim holds that accomplishment with nearly as much pride as he does his accomplishment of helping countless people.
Toner on Facebook: facebook.com/public/Jim-Toner