Randal Nardone Joins the Forbes List of Billionaires

Randal Nardone’s success lives to tell a story that one’s ability to deliver is not squarely dependant on the profession pursued. The 52-year old United States citizen has made significant achievements at Fortress Investment Group. Nardone enrolled at the University of Connecticut where he graduated with Bachelor of Arts Degree, English/Biology. He then proceeded to Boston University and earned a Doctor of Jurisprudence Degree from the Boston University, School of Law.With his excellent qualifications in the field of law, one would have expected Randal Nardone to glue himself to practice of law. However, this was not the case with him as he seemed to have more interest in asset management than in litigation.

Randal Nardone, together with Wes Edens, and Peter Briger, founded the Fortress Investment Group

Randal Nardone, together with Wes Edens, and Peter Briger, founded the Fortress Investment Group

As such, while still practicing law, he decided to learn a few tricks that would help him merge the legal practice with financial management.Nardone’s professional history traces back to Thacher Proffitt & Wood where he was a partner. He later on proceeded to the BlackRock Financial Management, where he served as a Principal. He also worked at UBS as the Managing Director from May 1997 to May 1998.In 1998, Randal Nardone, together with Wes Edens, his friend and colleague in the field of finance, founded the Fortress Investment Group and immediately Nardone assumed the position of the Principal of Fortress. He co-founded the Fortress Registered Investment Trust in November 1999, and since then, he has been its Secretary, Vice President, and Chief Operating Officer.

Currently, Randal Nardone serves in different positions within Fortress Investment Group, its subsets, and other organizations. He is the principal of Fortress Credit Corporation; the Chairman and the president of Springleaf Financial Holdings; the Secretary and Vice president of Newcastle Investment Hodings, LLC; and the principal and Chief Executive Officer Fortress Registered Investment Trust.Randal Nardone served as an interim CEO of Fortress Investment Group for close to two years before he was confirmed as its full CEO, a position he still holds at the moment. He has equally been among the billionaires to be listed in Forbes magazine at position 557.

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