Randal Nardone is an accomplished business entrepreneur and a private equity investor. He is the Chief Executive Officer at the renowned Fortress Investment Group. He graduated from the Connecticut University with a bachelor’s of Arts in English and Biology. He furthered his education with a Doctorate of Jurisprudence from the School of Law in Boston University.
He has a specialty in business finance and a rich experience in law. He kicked off his career at Thatcher Proffitt and Wood law firm as an executive member to the committee. His exceptional leadership qualities have earned him senior managerial positions in many companies. He has previously served as UBS’s Managing Director and Chief Executive Officer.
Randal Nardone collaborated with Wes Edens and Michael Edwards to launch Fortress Investment Group in the year 1998. They established the private equity company at $400 million in capital investments. At the time of its foundation, the company operated as an asset management firm.
Daniel Mudd voluntarily resigned from his Chief Executive Officer position at Fortress in the year 2011. Randal Nardone was appointed as the Interim Chief Executive Officer afterward. Earlier in the year 2006, he was selected as the member of the company’s board of directors.
His contribution to Fortress is impressive; he is known to have launched Fortress Investment Fund, an affiliate of Fortress Investment Group. The success of the company is attributed to his long years of experience and passion for his work.
The company manages over $78 million in property and capital with a labor force of more than 1700 employees.
In January 2018, Randal Nardone confirmed the sale of his primary business to Japan’s SoftBank corporation. The Japanese side acquired the fortress at a meteoric cost of $3.3 billion in cash, and the sale resulted in huge profits considering it had only been established at $400 million. It was however agreed that he would retain his managerial position together with Wes Edens.
He indeed has a subtle touch of incorporating Randal ‘s business skills into law. He has accumulated massive wealth amounting to over $1.8 million according to Forbes. He ranks in the 557th position in the World’s billionaire list.