Randal Nardone is one of the co founders of the Fortress Investment Group. He currently serves as its principal where he provides the leadership and vision for the firm on a daily basis. Randal Nardone is also part of the firm’s Management Committee as well. Randal currently lives in New York City and is one of the richest indivdiuals with an estimated net worth of $1.8 billion according to Forbes. In 1998, he founded Fortress Investment Group which is a global investment management firm that oversees over $43 billion in assets worldwide. His firm also manages the assets of over 1700 investors in both the private and institutional sectors. The firm currently oversees investment assets in real estate, capital, credit and private equity.
The career of Randal Nardone began when he finished high school. After Randal Nardone completed high school,he would attend the University of Connecticut and complete bachelor’s degrees in English and biology. Once he was finished with college, he would go on to complete a law degree in Boston. He would then earn his JD degree and begin working as a lawyer at the firm Thacher Priffitt & Wood. Eventually, Randal would become a top executive at the firm and serve on its executive committee. Nardone joined the financial services firm UBS where he served as a managing director. He would also go on to become a principal of another financial services firm known as Blackrock Financial Management. These positions have allowed Randal to combine his legal expertise with business. By working as a lawyer, he had the ability to make valuable contributions to his respective firms as well as set the overall strategy and direction for them.
From 1998 to 2007, Randal Nardone ran Fortress Investment Group as a privately owned company. As well as building his own firm into one of the top in the industry, Randal Nardone has also been a member of the board of directors for other firms. He was on the board of firms such as New Residential Investment Corp and also Eurocastle Investment Limited. He has also served on the board of companies such as Springleaf Holdings, SeaCube Container Leasing and Aircastle Limited. Nardone has founded other companies in the finance industry such as FIG LLC, Fortress Macro Advisors and Fortress Credit Corporation. These companies have allowed Randal to establish himself as a very active entrepreneur in the field of financial services.