Randal Nardone is the CEO, director and founder of Fortress Investment Group. He has a rich educational background from prestigious institutions. He joined the University of Connecticut and attained his degree in Bachelor of Arts in Biology and English.He also attended Boston University School of Law where he graduated with a Doctor of Jurisprudence. He is a renowned lawyer and a specialist in finance. He began at Thacher Proffitt and Wood law firm as a member of the executive committee.Randal Nardone has been the chief executive officer and managing director of UBS. He has also worked at BlackRock as a partner. After gaining sufficient skills and expertise in the business industry, Randal Nardone joined hands with Wes Edens and Robert Kauffman to found the Fortress Investment Group.The private equity firm was established in the year 1998 with an initial investment of $400 million in equity.
The firm was founded as an alternative asset management company.In the year 2011, he was appointed the interim chief executive officer following Daniel Mudd’s voluntary resignation.He had also been named to the board of directors of FIG, a position he has served since the year 2006. He is recognized for establishing the Fortress Investment Fund and serving as its chief operating officer.He has been critical in Fortress Investment Group’s immense growth. He has steered the firm to a global corporation that controls over $70 billion in assets with a highly skilled and talented workforce of over 1800 employees.The assets are distributed in liquid hedge funds, private equity funds, and credit funds.
In 2014, the firm won the Hedge Fund Manager of the Year under his leadership. HFMWeek has also awarded the company the Management Firm of the Year.It was recognized and credited by Institutional Investor as the Macro Hedge Fund firm of the year in 2012. Randal Nardone’s hard work and dedication makes him one of the most accomplished businessmen of this century.According to the Forbes Billionaire list, his net-worth stands at a staggering $1.8 billion. He is ranked at the 557 position in the billionaire list. He has also earned over $100,000,000 in cash dividends.In the year 2018, Randal Nardone confirmed the sale of his primary business, Fortress Investment Group. The firm was sold at $3.3 billion in cash to Japan’s SoftBank Corporation. In part of the deal, however, the firm retained its headquarters in New York City.