Randal Nardone co-founded Fortress Investment Group alongside Wes Edens and Peter Briger in 1998. He has been working as the principal of the company since then and under his management, the company has accomplished a lot of success. He was made the Chief Executive Officer of Fortress in 2013 after serving as its interim CEO from 2011. Mr. Nardone started sitting on the board of governors of the company since 2006 to date. Under the management of Mr. Nardone, Fortress has been given recognition and given several awards like the “Hedge Fund of the Year” award and the “Management Fund Manager of the Year” award among other prestigious awards.
Randal Nardone attended the University of Connecticut where he graduated with a Bachelor of Arts degree in English and Biology. He then moved to the Boston University School of Law, pursued a law degree and acquired a Juris Doctor. He became a partner at Thacher Proffitt & Wood law firm where he was also one of the executives. He then moved to BlackRock Financial Management Incorporation and served as a principal for a couple of years. In 1997, Mr. Nardone started working at UBS up to 1998. He left UBS and decided to form his own business after gaining experience from the companies he had previously worked for. Owing to his success and proficiency in the business world, Randal Nardone accumulated much wealth that secured him a spot on the Forbes Billionaire List.
Today, he is the 5557th billionaire in the world with assets and property worth $1.8 billion. He has many investments and he is one of the leading shareholders at Fortress Investment Group. He has earned additional money by working and partnering with other corporations. Most of his employees and colleagues have praised him for his hard work and consistency in the company.Randal Nardone is a member of several boards of directors. He is a member of the Seacastle Incorporation board of directors. Additionally, he is also a board member of Euroscastle Investment Limited, Springleaf REIT Incorporation, Fortress Investment Group, and Florida East Coast Holding Corporation among other multinational companies. In 2017, Softbank Vision Bank purchased Fortress Investment Group. The acquisition was worth $3.3 billion and it was finalized in December the same year. Randal Nardone will still be the Chief Executive Officer of the financial company under the new management. Fortress Investment Group is now a subsidiary of Softbank Vision Bank.