Randal Nardone And The Growth Of The Fortress Investment Group

Randal Nardone is co-founder and CEO of Fortress Investment Group LLC. He founded the private equity firm with Wes Edens and Robert Kauffman in 1998. Nardone started his professional career working with the law firm Thacker Proffitt & Wood. During his time there Randal Nardone was a partner and served on the law firm’s executive committee. Nardone decided to change his focus to financial services and became a principal with Blackrock Financial Management for several years. He then joined the staff of UBS in 997 and was a managing director until May 1998 when he left to start Fortress Investment Group. Randal Nardone is a highly educated individual. He attended the University of Connecticut where he earned bachelor’s degrees in both English and Biology. Nardone then enrolled at the School of Law at Boston University and graduated with his juris doctor. He has gone on to hold executive positions with a number of companies while serving as a top executive with Fortress Investment Group.

Some of the organizations in which Nardone has held leadership positions include FM Falstaff Advisors, Impac Commercial Holdings, Newcastle Investment Holdings, FIG LLC and Springleaf Financial Holdings, LLC.Randal Nardone is on the directorial board of a number of organizations. They include Florida East Coast Railway Corporation, Springleaf REIT, Inc., Seacastle Incorporated, Florida East Coast Holdings, Eurocastle Investment Ltd., as well as Fortress Investment Group LLC. Over the course of his career Randal Nardone has amassed a net worth of over $1.8 billion. According to the Forbes list of billionaires, he is ranked as the world’s 557 richest person. An excellent financial services professional, Nardone was asked to retain his leadership position with Fortress Investment Group when it was purchased by the Japanese company SofBank Group recently.

Under Nardone’s leadership Fortress Investment Group has group to become a leader in alternative investments. Headquartered in New York City, Nardone has helped the company excel in investment management, credit and liquid markets, private equity, railroads, hedge funds, as well as traditional and alternative asset management. As of 2016, Fortress Investment Group had in excess of $70.2 billion in assets under management and $180 million a year in net income. At age 62, the New York resident, husband and father of one, Nardone continues to oversee the legal and structured finance matters at the company. He receives praise, awards and accolades for his vision and business and financial acumen.