Randal Nardone is a renowned layer who Co-founded the Fortress Investment Group, a private equity firm in 1998. Randal Nardone graduated from the University of Connecticut, with a career of Bachelor of Arts/Science and also from Boston University where he earned Doctor of Jurisprudence. He started dealing with Finance Corporation like Thacher Profit and Wood, he progressed to BlackRock Financial and later joined Union Bank of Switzerland. The Swiss bank is known to be prolific with high investment rate, despite that he still left to start his firm.
In 1988 he co-founded the firm Fortress Investment Group, which developed massively into a profitable company. He is now the chief operating officer and manager, and he oversees the legal matters and structured finance. Recently he was ranked at the top spot of Forbes Billionaire list. Randal Nardone is ranked 557th currently in the billionaire’s list, with $1.8 billion net worth. His firm Fortress Investment has been the foundation of his massive wealth. In another compensation of cash, he got over $100, 000,00. Together with his team Michael Novogratz, Robert Kauffman, Peter Briger and Wesley Edens became remarkable billionaires. After they sold their minatory interest for $890 million to Japanese Investment Company, Nomura, Nardone got an additional $100 million in net cash as from 2005.
In 2012 the Fortress Investment firm was praised and gained recognition from the institutional investor and also from 2010 to the year 2015 got credited as the Credit-Focused Fund of the Year. In 2014 Randal Nardone earned an award as the Hedge Fund Manager of the year, from the institutional investor and also Management of the Year, from HFMWeek. He got all these awards under the firm Fortress Investment Group that has been flourishing.
Currently, Randal Nardone is still a CEO of the firm Fortress Investment Group. The company has progressed gaining productive investments. In 2016 the firm was managing over $70billion in alternatives assets. The assets are distributed among credit funds, liquid hedge and among private equity. In 2017 the Softbank acquired the Fortress Investment Group at $3.3 Billion. In December the same year that when the Softbank group finally purchased the firm. Randal Nardone who is age 51 years is a brilliant investor who has yielded incredible results from his commitment. Being part of a group of outstanding investors have made his profit in the long-run. The Fortress firm is no longer an individual company, but he is still the CEO.