Since 1998, Randal Nardone has been of the highly valued principals at Fortress Investment Group ever since the company was first born two decades ago. 2013 was the that something even bigger happened for Randal Nardone, though. After spending 15 years committed to the company, he was rewarded for his experience and strong work ethic by being promoted to the highest position within the entire organization, CEO. Fortress Investment Group is involved with a variety of different tasks, but its clients primarily come to the company for private equity management, which is an area that Fortress Investment Group has consistently performed well in over the years.
Before Randal Nardone made a name for himself at Fortress and eventually climbed to #557 on the list of billionaires that Forbes Magazine keeps track of, he had a typical university education and a few less public positions in the finance industry. He earned his B.A. at Connecticut University, which was in the areas of English and Biology. Then, he earned his J.D. after leaving the Law School at Boston University.
One of the more significant positions that he held within the financial sector before co-founding Fortress was when he worked at BlackRock Financial. It was here that got his first chance at being a company’s principal, and he certainly did not disappoint. If you are curious as to what other companies Randal Nardone has worked with besides Fortress Investment Group, then two of the more well-known ones are Newcastle Holdings, LLC and Springleaf Holdings, LLC. Both of these organizations proudly welcomed him to the board of directors, and, as a chairman, he had a positive impact on both companies.
$3.3 billion is the hefty price that SoftBank recently paid in order to acquire Fortress Investment Group. Masayoshi Son, the individual that founded the wildly successful SoftBank, is looking forward to growing Fortress even further, and he thinks that doubling the dollar value of assets currently under the control of Fortress Investment Group is a very realistic goal that can be achieved in just a few years. Meet Fortress Investment Group’s Ex-Billionaire Interim CEO