Randal Nardone is the brainchild behind the World leading investment firm, Fortress Investment Group. In partnership with his two partners, Rob Kauffman and Wesley Edens, they started the company in 1998. Prior to this, he was the managing director of one of the Swiss giants in the banking industry, the Union Bank of Switzerland (USB). Randal had left his role as the principal of Blackrock, a financial institution to join the USB team. The financial expert who graduated from Connecticut University with a Bachelor’s degree in English and holds a law degree from Boston University developed an interest in matters finance while he worked in the legal department of Thatcher Wood and Proffitt, a law firm based in New York.
Mr. Randal Nardone has a net worth of approximately $1.8 billion and has been ranked by the Forbes billionaires list as the 557th wealthiest man on earth. His wealth can be associated with all the high-profile roles he plays across 20 different industries in 8 organizations. Besides being the chairman and founder of the Fortress Investment Group, the billionaire is the director of Florida East Coast Holdings and Euro Castle Investment Limited, the chairman of spring-leaf Holdings Ltd and Spring-Leaf Reit Inc. Randal has also been in the office of the non-executive officer of Alea Group Holdings in Bermuda. In Fortress Investment Group, Randal Nardone has over 2500 employees who are grateful to have a team player as their employer. Together with his partners, he has led the organization into winning awards like the Hedge Fund award and the management firm of the year.
From its initiation, the company has grown to become one of the most reputable organizations in asset management handling property for over 1750 clients worldwide. In 2017 the SoftBank Group completed the process of acquiring the investment firm, something that Randal Nardone supported wholly. Basing his facts on financial expertise, Randal thought this was a smart move because the company’s private equity assets were dragging and this was a bad sign for them. Fortress Investment withdrew its assets from the New York Stock exchange and could henceforth get its reports under SBG. According to Randal, Fortress had more assets now that it was amalgamated and could quickly boost the confidence of their investors as they aimed at creating new opportunities for them. Even after loosing the sole ownership of Fortress Investment, SBG left Fortress Investment to operate as an independent business headquartered in New York maintaining its staff and leadership.