Randal Nardone is a respected investor who has been able to merge his law and finance careers successfully. The self-made billionaire who was ranked at 557 with a net worth of almost $1,8 billion on the Forbes Billionaire list in 2007 co-founded Fortress Investment Group in 1998. Fortress Investment Group is a private equity company based in New York and was the first equity firm to trade on the New York Stock Exchange in 2007. Under Randal’s leadership and guidance, Fortress Investment Group has expanded to become one of the leading global organizations with over 1000 employees. Randal is currently the Chief Executive Officer of the company. He guides the company on its financial and legal dealings. Through his management, the organization was able to secure several awards including the Hedge Fund Manager of the Year Award in 2014. Randal has designed an excellent portfolio for Fortress Investment Group that has acquired them many clients.
Employees of Fortress Investment Group who have worked with Randal Nardone describe him as a dynamic business leader, mentor and team leader. His management style focuses on teamwork, and he encourages his employees to work together and achieve their shared goals. Most of his employees report their satisfaction on working for him and look up to him for inspiration. They appreciate him for providing them with a safe, conducive working environment and stable salaries. Randal Nardone attended the University of Connecticut where he graduated with a Bachelor of Arts Degree in English. He also holds a law degree from the School of Law at Boston University. Randal began his successful career as a lawyer and partner at Thatcher Proffitt & Wood.
While at the firm, he developed an interest in finance after advising several financial institutions. He decided to join the finance industry and moved to BlackRock Financial Management where he served as a principal. Randal began his tenure as the Managing Director for USB in 1997 and worked at the bank for a year. When SoftBank acquired Fortress Investment Group in 2017, Randal Nardone commended the acquisition. He was retained as a Principal alongside his co-Principals Wes Edens and Peter Briger because of their exceptional leadership, values and culture they had established at Fortress Investment Group. Randal was confident that the acquisition would offer more investment opportunities and raise the firm’s credibility among investors. Fortress Investment Group continues to operate independently as an affiliate of SoftBank.