Ranked 557th wealthiest billionaire in the world with 1.8 billion dollar net worth is Randal Allan Nardone J.D. He is an Alumnus of The University of Connecticut having earned two Bachelor Degrees, first one in Biology and the second in English. Randal Nardone also graduated from Boston School of law, where he received his J. D and after that started his professional carrier at Thacher Proffitt and Wood. He worked in the legal department as a partner before delving into the financial service industry where he has set a standard.
Randal Nardone co-founded Fortress investment group in 1998 and remains one of its principals together with Peter Biger and Wes Edens. He knew that starting a company would mean facing stiff competition but his expertise and familiarity with the financial field has seen the company blossom to what it is today.
Fortress investment group is highly diversified global investment manager with approximately 43.6 Billion worth of assets by December 2017. It manages assets on behalf of over 1750 institutional clients and investors all over the world. Randal Nardone was appointed to the Board of directors in 2006 and has been CEO since August 2013. He is board advisor to three other Boards which include Brookdale Senior Living, New Residential Investment Corp, and spring leaf holdings.
His role in Fortress investment group remains significant before and after the purchase of the firm by Softbank. He continues to deliver diligently, and the output can be seen in the firm’s success as a market leader. The takeover was set to establish growth opportunities for Fortress as they partner with one of the world’s most creative and well-connected technology investors. Even with this takeover, Softbank retained the culture, processes model and leadership of Fortress. A year later under Randal as co-principal, Fortress remains rooted.
Randal Nardone has also Co-founded a number of companies in the financial industry among them FIG LLC, Fortress Macro Advisors, Fortress credit Corporation and FM Falstaff Advisors among others. Randal has proven an excellent leader through all his career exploits. Employees are hard working, and cooperative at Fortress Investment Group unanimously attest to his excellent leadership skill and style. He believes in teamwork and has on several occasions encouraged his employees to build the team spirit and work as a unit. Randal Nardone now lives in New York and continues to spearhead dynamic change in the world of finance