Randal Nardone is among the pioneers of the Fortress Investment Group, an asset trading organization based in New York. In collaboration with his two partners, Wes Edens and Rob Kauffman, they founded Fortress investment in 1998 and has since become a force to reckon with in the industry across the world. Randal was made CEO from the beginning and has used his role to influence decisions that have driven the company to achieve immeasurable heights. The Forbes magazine ranked the investment mogul as the 557th wealthiest man in the world with a net worth of approximately $1.8 billion. Randal Nardone is a graduate of Connecticut University with a Bachelor’s degree in English with a minor in Biology. He is also a law degree holder from Boston University Law school. He started off as a legal advisor in Thatcher Wood and Proffitt before realizing his interest in financial investment.
Before becoming the managing director of the Union Bank of Switzerland (USB), he had taken up the role of a principal in Blackrock Financial Management firm. With all these financial experience, Mr. Randal felt confident enough to start up a company of his own. Today Fortress Investment group has provided over 2500 job opportunities to individuals who attest to the fact that he is a team player and an incredible leader. Besides his roles as chairman and co-founder of Fortress Investment Group, Randal Nardone serves in 8 other boards across 20 different industries. He is the chairman of Springleaf Financial Holdings and Springleaf Reit Inc. He was appointed the non-executive officer of Alea Group Holdings Bermuda and serves as the director of Euro castle investment Ltd and Florida East Coast Holdings.
Under his guidance, Fortress investment group has been recognized by different bodies for various awards like the Hedge Fund award of the year that was given to them by the institutional investor. In addition, the HFMWeek commended them for a job well done in asset management and crowned them with the best management firm of the year award. Despite of shining in the investment industry, Softbank Group acquired Fortress Investment group and consolidated its assets forcing them to withdraw from the New York Stock Exchange. In Randal Nardone’s opinion, this was a smart move considering they would acquire more holdings after their private equity assets started dragging and would be in a better position to create better opportunities for investors who would have regained their confidence in Fortress.