RANDAL NARDONE, CO-F0UNDER FORTRESS INVESTMENT GROUP
Randal Nardone is an entrepreneur and a visionary leader known mostly for his efforts in the business world. He is currently listed as the five hundred and fifty-seventh richest person in the world by Forbes magazine. He was a student at the school of law at Boston University. After graduating with Doctor of Jurisprudence, Randal Nardone settled for a career at Thacher Proffitt and Wood law firm. During his stint there he was a partner and part of the executive committee. Nardone also holds a degree in English and Biology both from the University of Connecticut. Feeling that he had insights in the business world, he specialized in that area. Randal Nardone had a stint at BlackRock Financial as a principal.
Later, Randal Nardone took up a post at UBS as managing director. This was between May 1997 and May 1998. In 1998, together with Wesley Edens and Rob Kauffman, they co-founded Fortress Investment Group. The group had previously worked together in previous companies, BlackRock and UBS.Since the conception of Fortress Investment Group, Randal had been serving as a member of the management committee from 1998. Fortress Investment Group grew rapidly, and in 2007 it was listed on the New York Stock Exchange becoming the biggest private company to be traded publicly at the time. This proved that Randal Nardone and his partners had been executing their business plan well. In November 2006, Mr. Nardone became a member of the board of directors.
As of March 31, 2018, Fortress Investment Group was boasting of 40.9 billion in assets. At the moment Randal has been the acting CEO since December 2011 of Fortress Investment Group, providing expertise in structured finance and legal framework matters. Employees have known Randal as a man who gives opportunities to those who deserve it. Randal acts as a mentor and an example to those that work in the company. On acquisition of Fortress Investment Group by Softbank, Randal thought it was a good move. He said that this would enable an environment that would result in investments with returns. Softbank’s purchase of the Fortress Investment was influenced by proper management, leadership and a decent track record of the firm. Mr. Nardone also noted that the acquisition would increase the firm’s credit in public markets.He is also a director in a good number of firms, including Eurocastle investment, Springleaf Finance Inc, Brookdale Senior Living Inc and others.