Randal Nardone is a vastly experienced financial expert who co-founded Fortress Investment Group. From its headquarters in New York, the group now has gone international to have a presence in other countries such as Italy and United Kingdom. The group specializes in asset management, and currently, the assets under their control are in the tune of $ 43 billion. The company started out as a private equity firm, but with time it expanded to other businesses and even became public in 2007. Japanese bank SoftBank later acquired it for $3.3 billion. With the management team still in place even after the sale, Nardone believes even more breakthroughs are to come.
Fortress currently has over one thousand employees who are experienced in varied specialties. They have shown great satisfaction in working with the company and thank the management team for creating an enabling environment for the workers. Randal Nardone leads Fortress in many legal and financial aspects as a co-principal, co-CEO, co-chairman and a member of the board. His leadership has seen Fortress being awarded some awards including Hedge Funds Manager of the Year by Institutional Investor in 2014. Forbes magazine listed Randal Nardone in their 2008 Forbes Billionaires List at number 577 with an estimated net worth $1.8 billion.
Randal Nardone studied English and Biology in his undergraduate studies at the University of Connecticut. He then went to the University of Boston Law School where he graduated with a Juris Doctor in law. After graduating, he got a job at Thatcher Proffitt & Woods law firm as an advocate. He got interested in financial matters while there and decided to join BlackRock Financial Management where he rose to the position of managing director. Later on, he joined Swiss bank, Union Bank of Switzerland. It is while at UBS that he together with his two partners decided to form their own company that birthed Fortress. Nardone sits in the board of several entities such as Gagfah, Springleaf Holdings, Brookdale Senior Living and New Residential Investment Corp. At the age of 51 years, Nardone has achieved a lot for himself and helped thousands of others to achieve their financial goals.
To learn more:https://www.fortress.com/about