Success is not a one-day achievement; it is a journey characterized by ups and downs and only the brave ones get to the top of it. Mr. Randal Alan Nardone commonly called Randy has been brave enough to take what others feared most. Having graced the World’s Billionaires’ List in the Forbe’s magazine at number #557 in 2007 with a net worth of $1.8 billion, this investment titan in partnership with other two brave and successful men, founded Fortress Investment Group in 1998 which has grown to be one of the largest asset managers across the globe.
This successful Chief Executive Officer of Fortress resumed office in 2013 after Dan Mudd left the office Randal Nardone came into the limelight in 2007 after Fortress did its IPO. Being one of the Fortress Five, he became a billionaire after the private firm became public. He has worked with various organizations like UBS as the Managing Director and Principal of BlackRock among others.
Randal Nardone studied at the University of Connecticut has a B.A. in English and also in Biology. He also proceeded to Boston University School of Law where he earned JD. After his graduation, he served on an executive committee in Thacher Proffitt and Wood law firm. He serves at Springleaf Financial Holdings, LLC as the President and Chairman. He has been serving at the Newcastle Investment Holdings LLC as the Vice President and Secretary. He has served as the Director of Alea Group Holdings Bermuda Ltd, Fortress Transportation and Infrastructure Investors, GAGFAH S.A, Brookdale Senior Living Inc., Aircastle Limited and SeaCube Container Leasing Ltd among others.
Randal Nardone has been a Board Member in various organizations like Fortress Credit Corporation, Fortress Investment Group LLC among others. He is an affiliate of University of Connecticut, Boston University, IMPAC Commercial Holdings, New Media Investment Group, Drive Shack Inc., Ncs 1 LLC, Mapeley Limited, Springleaf Finance etc.
Softbank Group Corp developed some interest on Fortress and by the end of the year 2017; it announced the purchase of the investment firm at $3.3 billion. The main thing that led Softbank to buy Fortress bank is their heavy investment in senior living, infrastructure, and mortgages. Nevertheless, Randal Nardone, Wes Edens, and Peter Briger will still lead the firm in their management. The executive praised the merger and the whole process of purchase saying that the Masayoshi Son leadership is a great asset to the success of Fortune Investment. Besides, the Softbank Group provides easy access to various resources that will increase the value of the clients of Fortune Investment Group.