The Fortress Investment Group was co-founded in 1998 by Randal Nardone, Wesley Edens and Rob Kauffman, and since then it has come to be the one of the largest alternative asset management firms in the world. In February of 2007, it was the first private equity company to be traded publicly on the New York Stock Exchange. Focusing on credit, real estate and private equity investments, Fortress is a leader when it comes to implementing long-term strategies that will give clients low-risk returns.After Randal Nardone helped start Fortress, he later became its Chief Executive Officer in August of 2013. His responsibilities at the firm included overseeing both its financial and legal matters.
Having earned a JD degree from the Boston University School of Law, he previously worked at the Thacher, Proffitt and Wood law firm and became a Partner there. He also holds a BA degree in English and Biology from the University of Connecticut.In addition to having a top executive position at Fortress Investment Group, Randal Nardone has also been employed at several other businesses in the financial sector, such as Springleaf Financial Holdings, where he was Chairman and President, and Touch Care Holdings, where he was the Director. He served as the Managing Director at UBS, and he later became a Principal at BlackRock Financial Management.
After a company called Softbank Group acquired Fortress in 2018, they decided to retain the services of Randal Nardone because of his excellent leadership skills.As an astute businessman, Randal Nardone has accomplished a great deal in his chosen career field. With a net worth of $1.8 billion, he has made it onto the Forbes Billionaire list, coming in at number 557. Not only has he seen a lot of success in his own business endeavors, but he has also given other entrepreneurs his expert advice over the course of his many years in the financial industry. He’d initially planned to have a career in the legal field, but chose to go into finance instead. The alternative asset management executive lives in New York with his wife and their one child.