Randal Nardone is the co-founder and the current Chief Executive Officer at Fortress Investment Group LLC. His education background tailored him to work in the law sector, but against all the odds he ended in a different one. Mr. Nardone has a bachelor of Arts degree in English and Biology from Connecticut University. He later joined Boston University, School of Law where he got a Juris Doctor degree. Nardone started his career at Thacher Proffitt and Wood law firm as an attorney and a partner as well. He later joined Blackrock Financial Management, Inc. where he served as the principle. This was the time Nardone shifted to the business sector and decided to stick here. In 1997, he took his skill and expertise to UBS where he occupied the managing director position. The following year Randal Nardone together with Wes Edens co-founded Fortress investment group where he is the CEO and a member of the management committee. Nardone also served as the secretary and vice president at Newcastle Investment Holdings, principal of credit corporation, president of Ncs LLC and at Touch Care Holdings LLC as the director.
Having vast experience and knowledge in the financial and investment sector Randal Nardone was able to come up with strategies that help Fortress survive the initial startup stage. Over the years it grew and expanded its operation to different parts of the word and currently it is enjoying the economy of scale. They offer high-quality services to their clients while observing a high level of professionalism. Having an excellent reputation for working with its diverse group of clients’ have attracted numerous companies that seek advice on different matters. Fortress is a public company, and it trades in the New York Stock Exchange where it is doing well.
On the 27th December 2017, Fortress Investment Group was acquired by SoftBank Group Corp which is a Japanese based bank. All the outstanding shares were transferred to SoftBank and after the deal was done the management team remain intact and that included Mr. Nardone. In an interview, Nardone that he had foreseen the agreement will be beneficial to both parties since it will bring an element of growth into the picture. Furthermore, Fortress will be able to grow its credit sources tremendously in a short period. The deal saw the execute of Fortress taking home a sum of $1.39 billion and the company is estimated to have about $ 69.6 billion in asset under management. Mr. Randal Nardone is currently number 557 in Forbes world billionaire list with a net worth of $1.8 billion.