Randal Nardone, the principal and Co- Founder of Fortress Investment Group, one of the top global investment firms was listed the 557th richest man by Forbes magazine. The billionaire started Fortress in 1998 and the company has since been managing assets on behalf of over 1,750 private investors and clients all around the globe, providing credit services, permanent capital and private equity investment strategies as well as real estate services.
He graduated with a Bachelor of English and biology from the University of Connecticut and later earned his Doctor of Jurisprudence (J.D) from Boston University School of Law. Before the birth of Fortress Investment Group, Randal Nardone had worked as a partner in the legal department of Thacher Proffit and Wood, a law firm. It was here that he developed an interest in the Financial service industry and left to work as a principal in BlackRock Financial Company. He didn’t stay long before joining the Union Bank of Switzerland(USB) where he assumed the role of the managing director.
A year later, he had gained enough knowledge and experience on finance matters that enabled him to start Fortress with his partner Wes Edens.Randal grew to become the interim CEO of Fortress Investment Group in 2013 after his appointment to the board in 2006. He has used this role to come up with viable strategies that have led to maximum company profits and earned them awards like the “Hedge Fund manager of the year” and “Management firm of the year. His employees praise him for being such a passionate and skillful manager who has given them a satisfying work experience throughout the time they have worked under him.
Apart from his position in Fortress Investment group, he is also the CEO of Fortress credit corporation and Springlife financial holdings. Randal Nardone is the chairman of springlife finance and Springlife Reit inc and a director of other financial companies like Eurocastle investment limited and Florida East Coast Holdings. The billionaire was also appointed the Non-Executive officer of Alea group holdings Bermuda Ltd.
Even before Fortress acquisition by SoftBank Group, Randal maintained the organization as the market leader providing efficient services. Owing to this success, SoftBank Group held on to Fortress leadership under Randal Nardone and his co-partners Wes Edens and Pete Brigers, its personnel, business model and values and let them operate as an independent business with its headquarters in New York.