Randal Nardone is the CEO, co-founder, and director of Fortress Investment Group LLC. It is an investment firm where he has been involved in the top management since 1998. In 2006, he was appointed as one of the boards of directors and in 2013 he was appointed Chief Executive Officer.
At 51, Randal is a self-made entrepreneur. He was ranked number 557 on the Forbes ranking. Randal owns 53 million shares worth 1.6 billion in the fortress investment group which he co-founded. He has also been able to achieve an additional $100 million in net cash out since 2005.
Randal Nardone studied at the University of Connecticut where he graduated with a bachelor of arts in science and a doctorate in Jurisprudence.He started out his career at Thatcher Profit and Wood. Later he worked at BlackRock financial and UBS. In 1998 he co-founded the fortress investment group together with partners: Peter Briger, Michael Novogratz, Robert Kauffman and Wesley Edens.Through his experience and expertise, he has ensured the development and growth of the Fortress Investment Group. The company has provided high quality services to the clients.
While exhibiting great expertise and skills, Randal Nardone has grown as a financial expert. He has been a key implementer of ideas that have seen the growth of every aspect of the company. Through his knowledge and advice, his clients and several companies have grown financially. Besides serving as the CEO in Fortress Investment Group, Randal Nardone is the president of the Springlife financial holdings. He is as well the vice president and secretary of Newcastle investment holdings. He also serves in the capacity of a director at the Ales Group Holdings corporation since July 2007. Randal is a leader who has been involved in many management positions besides those listed.
A positive feedback has been shared by the employees working at the Fortress. Most have termed it as a rewarding environment that easily recognizes and identifies the hardworking. Besides that, the company has been a ground to challenge many and broaden their knowledge base in future. The company has provided an opportunity to learn and an inspiration to others who value working with smart people.
On 28th December 2017, Softbank Group completed the acquisition of Fortress Investment Group for 3.3 billion dollars in cash. The Fortress was expected to operate within Softbank as an independent entity headquartered in New York. The top leadership model, brand and personnel processes were maintained despite the change. This move was mainly based to ensure Fortress success.