Randal Nardone is a self made billionaire who is reaping the rewards of his hard work. He attended the University of Connecticut to achieve a bachelor of arts degree and a juris doctor at the Boston University School of Law. In his current role of co-founder, Director, Principle, and chief executive officer of Fortress Investment Group, Randal Nordone is growing the company one day at a time. The self made billionaire is even on the Forbes Billionaire List positioned at number 557. He is worth an estimated $1.8 billion dollars.
Previous to Fortress Investment Group, Randal Nardone worked at other companies and law firms such as UBS, BlackRock Financial, and Thacher Proffitt & Wood. At Fortress he oversees their financial and legal matters. The New York City resident co-founded the investment group back in 1998 and was placed on the board of directors in 2006. Fortress is ahead of their time in many ways. They were the first large equity firm to go public. This happened in 2007 at the New York Stock Exchange. They have 1,750 investors and oversee $43 billion dollars in assets. The large investment firm in located in New York city where Randal Nardone lives. It employees over 900 people.
What does Fortress Investment Group Offer? They specialize in a number of services including capital markets, asset-based investing, corporate mergers and acquisitions, and operations management. They also specialize in knowledge of companies and institutions that is sector-specific. As leader of Fortress Investment Group Randal Nardone is constantly growing and working hard so it reaches its peak potential. Mr. Nardone also sits on a number of boards when he is not working at Fortress. He is the director at Springleaf Holdings, is on the executive management at the New Residential Investment Corp, is the director at Brookdale Senior Living, and is the director at Gagfah. With such a busy schedule, Randal Nardone has to be every efficient with his time and daily activities.
Last year, Fortress Investment Group was acquired by SoftBank in July. It was approved by the shareholders that month for an estimated $3.3 billion dollars. Softbank and Fortress Investment Group have a lot of common history, so this acquisition made complete sense. They are boldly inventive, focused on growth, and are constantly changing and rebranding as time goes on. Softbank is focused on growing Fortress into a world class investment firm in a faster timeline.