Also known as Randy, Mr. Randal Nardone co-founded Fortress Investment Group in 1998 and has been its chief executive officer and principal since August 2013 and 1998 respectively. Currently holding position 557 on the Forbes billionaires list with a net worth of 1.8billion, Mr. Randal Nardone earned a bachelor’s degree in biology and English from the University of Connecticut and is also a graduate of the Boston University of law.
Prior to Fortress, Randal Nardone had experience working at the legal department as a partner at a law firm. After some time, he joined a financial management firm as a principal he quit after some time and landed a demanding role as managing director at USB. After a year his experience in financial service industry made him co-founding Fortress Investment Group.
Great place to learn fast paced company, amazing leadership, serious productive place, is some of the virtues present in Fortress Investment Group according to the results of the survey conducted to the employees working at the investment group.
Randal Nardone is considered a guru in the financial service because apart from his management skills not from his educational background but comes mainly from experience, he has many hats in different organizations. For instance, he is the director of Eurocastle investment ltd, non-executive director of Alea group holdings Bermuda ltd., director of Florida East Coast holdings, director of Springleaf finance Inc, co-founder, principal, director of Fortress credit cooperation’s. He is the vice president and the secretary of Newcastle investment holdings; he is also the president of Ncs1.
When Softbank, a Japanese based bank started asking about buying Fortress investments, Feeling confident with the skills he had, he jumped into it and after the purchase was complete, the management team was kept. It continues to operate as an independent company with their continuity in specializing in private equity, hedge funds, railroads, real estate and credit fund. He shares optimism about the purchase thinking that it will strengthen the Fortress Investment Group and that the company will now have increased sources for credit and faster growth.