Randal Nardone is a successful investor and lawyer who has built his career for over twenty years. He pioneered Fortress Investment Group in 1998 with Wes Edens and has since served as its principal. Fortress Investment Group is a private equity company based in New York. Randal serves as the Chief Executive Officer of Fortress Investment and is responsible for the firm’s financial and legal dealings. He has steered the company to become a leading investment choice for people from all over the world. Randal has led the company to receive various accolades like the 2014 Hedge Fund Manager Award. The self-made billionaire is listed at number 557 on the Forbes Magazine billionaires list. He mostly amassed his wealth during the Initial Public Offering of Fortress Investment Group.
Randal is also a member on several other boards which offer him lucrative salaries. For Instance, he serves as the Principal and Director of the Fortress Credit Corporation, Non-Executive Director for Alea Group Holdings and the Director of SpringLeaf Finance, Inc. In 2017, SoftBank acquired Fortress Investment Group. Randal Nardone lauded this move and expressed his confidence that the partnership would offer more investment ventures. He pointed out that this would raise the confidence of investors and bring more profits to the company. During the acquisition, SoftBank retained Randal and his co-principals because of their leadership. Softbank was keen on continuing with the culture and values that they had created which steered Fortress to success.
Employees of Fortress Investment Group are happy with their salaries and the conducive work environment created by the management. They admire Randal’s leadership style which concentrates on fostering teamwork. His employees describe him as a skilled and passionate leader who is also an excellent mentor. Randal Nardone attended the Sewanee: The University of the South where he graduated with a Bachelor of Arts degree in English. Randal also went to Tulane University and studied Law. Before venturing into equity investment, he had a successful Law career at Thatcher Proffitt & Woods where he was also a partner. He became interested in finance after advising many financial institutions in his days as a lawyer. Before he co-founded Fortress Investment Group, he worked as the Managing Director of USB for a year. Randal also worked for a short period at BlackRock Financial investment. It is with through these jobs that he acquired knowledge and experience to start his company.