Randal Nardone is a billionaire aged 55 years, principal, and co-founder of the Fortress Investment Group. According to Forbes magazine, Randal is approximated to have a net worth $1.8 billion. He is the current Interim CEO of Fortress Investment Group. The billionaire Randal Nardone joined this company at the year 1998 as the company’s co-founder and principal. Before he was made the Interim CEO, Nardone served as a board of directors in the firm since 2006. Fortress went public through a successful IPO. Randal Nardone leadership skills are unmatched. He has proven to be a special talent. Fortress Investment Group was acquired by Soft Bank Corporation a Japanese Investment firm, which focuses on technology related ventures. Check out Randal Nardone at Forbes.
Randal Nardone joined the University of Connecticut for his undergraduate degree. He earned a bachelor’s of arts English and biology option. Later, he enrolled at the prestigious Boston University school of law for a JD. Upon graduation, he started his career as a lawyer Thacher Proffitt and Wood law firm. Other previous, experiences include, working as managing director of UBS, he also worked in Swiss banking giant and later as the principal of BlackRock Financial Management.
Randal Nardone serves as a board member of Brookdale lifestyles which creates fulfilling experiences for residents. Brookdale company continually innovate and evolve to invent new methods for enriching the lives of the residents. He also serves in New Residential Investment Corp an organization that focuses on investing in and managing investments related to residential real estate.
In 2017, Japanese SoftBank Group opted to buy the US private equity management company Fortress Investment Group at $ 3.3 billion cash. According to the Softbank group CEO, Fortress Investment Group will help the Softbank to expand its capabilities, and enable it to achieve sustainable long-term growth. The Fortress Investment Group will continue operating as an independent firm, with the management team being kept in place including Randal.
Randal was optimistic about the initiative of the SoftBank group purchasing the Fortress Investment Group. He believed that working together would strength his company and make it even better and more successful.