Randal Nardone is of one those individuals, who are the backbone of the companies and the reason behind the achievements of them. The journey might be slow initially but determination and relentless investment can take companies to a higher level. Same is the case with Randal Nardone, who is the co founder of Fortress Investment Group. He received his bachelors in English and biology from the University of Connecticut and Doctor of Jurisprudence from Boston University.
Randal Nardone established Fortress Investment Group in 1998 and it is currently one of the world’s largest alternative asset managers. In December 2011, he was named as the company’s interim Chief Executive Officer and by August 2013 he was permanently allotted to the position at which he serves currently. Under his leadership, Fortress Investment Group has become one of the most renowned and successful companies to exist, as well as leaders in the globe’s assets based investment and portfolio management. Today Fortress Investment Group directs over 43 billion of assets to almost 1,750 investors in private equity firm. The company is headquartered in New York and employs over 900 people. Recently, when the company was in trouble, Randal did not hesitate to sell it out to Soft bank for $3.3 billion. He further assured this acquisition to be in the favor of the company and necessary for its survival.
Talking further about Randal Nardone, today, he also serves as a chief operating officer, oversees finance and structural matters. He has also expanded his ventures which are mentioned below, as the secret of a successful man is to keep going further. He currently holds 4 board and advisor roles which include; executive management at New residential Investment Corporation, Director at Springleaf Holdings, Director at Brookdale Senior Living and Director at Gagfah Group.
Randal Nardone stands on the 557th number in world’s billionaires, in Forbes Billionaires list. His total net worth is $1.8 billion. Randal continues to serve a very prominent position in Fortress Investment Group as well as other companies that he has put his hands in. His career and effort are truly inspiring for all the young investors.
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