MEET HUSSAIN SAJWANI; PRESIDENT DONALD TRUMP’S MUSLIM FRIEND

Dubai is a place that was previously associated with oil businesses, but today it has proven to be dream home besides the long-term business notion. Hussain Sajwani, often referred by many as the billionaire developer, is among the few notable individuals who have contributed significantly to changing people’s notion about his hometown.

The 63-years old, Hussain Sajwani, is a resident of United Arab Emirates. He is the founder of DAMAC Properties, a renowned residential real estate developer. Hussain was not from a well to do family. His father owned a store in town where he used to work. His mother, on the other hand, used to hawk goods around their place of residence. Hussain says that his business experience dates back to his childhood since he was involved either directly or indirectly in his parents’ businesses.

Sajwani’s success stories date back to his young age. In 1978, he was among the few lucky students who won government scholarships to study in the United States. He joined the University of Washington where he graduated with a degree in Industrial Engineering and Economics. Upon graduation, Sajwani returned to his hometown filled with the urge to transform it into a home of the dream.

Upon returning, Hussain got his first job as a contracts manager in GASCO, a subsidiary of the renowned Abu Dhabi National Oil Company. Since his tender age, Sajwani is known to be a risk-taker when it comes to a chase for luck. In 1982, the successful business person set out to venture on his own. He established Draieh Management Services, a catering service provider that eventually became DAMAC Group.

DAMAC, a real estate company that he established in 2002, earned Sajwani a global recognition. To him, he was just utilizing a decree issued by the government which allowed foreigners to own properties little did he have a clue that it was going to be a breakthrough in his life.

Initially, the company was associated with incredible offers, such as the issuance of an exotic car upon purchase of a luxurious property. However, over time, DAMAC Properties has engaged in massive projects that have seen Dubai transformed into a luxurious home. Not long ago, Sajwani partnered with Donald Trump on golf courses project little did he know that he was going to be partnering with the POTUS.

When it comes to business, Trump is one among the few individuals with the necessary skills to run for the money. Hence, a partnership with Sajwani is evident that the Dubai-based tycoon is a mogul in real estate business. Besides, Hussain and Trump are very close friends. Before Trump joined the political field, both families used to visit one another. Despite Trump declaring to cease his engagements in business, Hussain says that their partnership is meant to continue through Trump’s children. To Hussain, Trump’s presidency is a chance for new developments in his hometown.

 

Learn more:

http://regents.universityofcalifornia.edu/about/members-and-advisors/bios/norman-pattiz.html

http://www.hawaiinewsnow.com/story/34344902/podcastone-chairman-norman-pattiz-announces-new-nascar-podcast-larry-mac-americas-crew-chief

Ricardo Guimaraes, The President of BMG Bank of Brazil

Ricardo Guimaraes is the current President of BMG Bank and a mining tycoon. He is the son of famous Brazilian businessman Pentagna Guimaraes. Since 1998, Ricardo is very active in his family’s business. His grandfather founded the Banco de Credito Predial in 1930 which developed the Guimaraes Family’s relationship with the country’s financial sector. Ricardo Guimaraes is credited with making BMG Bank the leader of payroll loans and personal loans in the country. He is known as a skillful administrator who restructured the banking system and reduced interest rates. In 2012, Ricardo Guimaraes and Executive President of Itau Bank announced the joint venture of BMG Bank and Itau Bank. According to Executive Vice President of BMG Marcio Alaor, Ricardo Guimaraes does not advertises himself and works quietly to get things done. It just took three days for Ricardo to negotiate the deal successfully.

 

 

According to the deal made by Ricardo, the new organization started operating in Sao Paulo with a capital of one billion US dollars. BMG Bank had thirty percent of the shares while Itau Bank controlled seventy percent of the shares. Marcio Alaor said that the negotiations began on Saturday where Ricardo proposed the joint venture of Itau and BMG. The deal did not affect BMG’s previous status. BMG was previously operating with a monthly deductible payroll loans of five hundred million US dollar. The new institution began operating with a monthly amount of eight hundred million US dollar. The deal brought three million customers to the new institution and made BMG one of the top ten banks in Brazil. The collection board was given to BMG while other boards were given to Itau Bank. Ricardo Guimaraes explained that the bank’s primary focus would be on car financing and loans. Later, the business would also include products like credit cards. Ricardo said it is a win-win deal for both banks.

 

 

Two research institutes including a British research institute released their study about Brazilian entrepreneur Ricardo Guimaraes. It says that Ricardo is a man with great creativity and vision, but he lacks proactivity. Both research institutions asked questions to nine thousand respondents about Ricardo Guimaraes’ BMG Bank. According to the study, the ‘big dream’ score was the highest while the proactivity score was the lowest. BMG Bank is very popular in Brazil for valuing the sports talent. The Bank is the main sponsor of different teams belonging to different categories of the sports. Ricardo Guimaraes often says that it is important to support athletes because they are very disciplined professionals who are committed and devoted to their goals. BMG values what athletes do. Ricardo also said that BMG’s partnership with different sports teams shows how much his organization recognized sports and committed to supporting them.

Learn more:

https://pt.wikipedia.org/wiki/Usu%C3%A1rio(a):Marcio_Alaor_BMG/Marcio_Alaor_Bmg