Randal Nardone works at the Fortress Investment Group where he is the CEO, Director as well as the co-founder. The company was started in the year 1998, and Randal has served as its CEO since the year 2013. Randal Nardone is also the principal of the Fortress Credit Corporation. Over the years, he has worked hard to climb up the ladder of success. He attended the prestigious Boston University School of Law and acquired Doctor of Jurisprudence. Randal also went to the University of Connecticut and earned bachelor’s degree of arts in Biology and English. He has earned a reputation as one of the most skilled and successful leaders.
Randal is the vice president at the Newcastle Investment Holdings as well as the president at the Springfield Financial Holdings. In the past, he has served as the managing director and chief operating officer at UBS. He was also a member and partner at the Thacher Proffitt &Wood law firm. Other companies that he is currently involved with include; Eurocastle Investment Limited, Alea Group Holdings Ltd and Brookdale Senior Living Inc among others. Randal was appointed to serve in the board of Fortress Investment Group in 2006. He also established Fortress Investment Fund IV, LP and served as its chief operating officer.
Randal Nardone was a successful lawyer before he decided to change his career into the field of finance. After working with Fortress Investment Group, the company was acquired by SoftBank Group. According to Randal, this was the right step after the company started experiencing slowed private equity investments. SoftBank Group acquired the company through a deal worth $3.3 billion. According to SoftBank, this deal was part of a big strategic plan to bring huge benefits to investors and also to raise the business. Softbank has continued to maintain the good track record that was set by Fortress Investment Group. This is also coupled with its expertise, global investment platform, and leadership.
Randal Nardone has been featured on the Forbes Billionaire list with an estimated worth of $1.8 billion. Currently, Forbes has ranked him on position 557. Part of Randal’s wealth is mostly tied to the stake that he has at Fortress Investment Group. Under the leadership of Randal Nardone, Fortress Investment Group was in 2014 awarded by the Institutional Investor the ‘Hedge Fund Manager of the Year.’ The company has also been recognized as the ‘Credit-Focused Fund of the Year.’