Randal Nardone has been in the investment industry for almost two decades and made a name for himself. He attended Sewanee: University of the south and attained a Bachelor of Arts degree in English and Tulane University where he did his law studies and graduated with a J.D. Randal started out as a lawyer at Thatcher Proffitt & Woods where he rose to become a partner. In his line of work at the firm, he interacted with several financial institutions and acquired an interest in the investment business.Randal Nardone decided to venture into the finance industry and moved to BlackRock Financial Management where he was a Principal. He quickly learned the ropes of the investment and finance trade and joined the United Swiss Bank in 1997 as the Managing Director. He held this position for a year.
In 1998, he decided to start his own company and co-founded Fortress Investment Group with Wes Edens.At Fortress Investment Group, Randal has been the backbone of the company’s success. He has been a principal of the firm since its inception, and in August 2013, he became the Chief Executive Officer. Under Nardone’s leadership and guidance, the company has expanded its scope to global heights and has established itself as one of the leading private equity and investment firms. He is mostly involved in the company’s financial and legal dealings. Randal is respected for putting together an excellent portfolio for Fortress that has made it a top choice among clients. Also, the company has received several awards under Randal’s leadership including the 2014 Hedge Fund Manager of the Year Award.
Today, Fortress Investment Group has over 900 employees who all report on their satisfaction of working at the company. They admire and respect Randal Nardone for his skillful leadership. His employees point out that he encourages teamwork and is a good mentor. They all appreciate him for providing a conducive work environment.The Forbes Magazine lists Randal Nardone as the 557 richest man. He is a self-made billionaire who made his wealth during the Initial Public Offering of Fortress in 2007. His net worth is approximated at $1.8 billion. During the acquisition of Fortress by SoftBank in 2017, Randal expressed his confidence in the development saying it would offer better investment ventures and raise the public’s trust in the firm. Fortress still operates as an independent entity under SoftBank with Randal Nardone, Wes Edens, and Peter Briger as its Principals.