Randal Nardone, also known as Randy, J.D., is the co-founder of Fortress Investment Group LLC and Principal since 1998 and then later CEO. He has achieved various certifications from different learning institutions.
He attained his bachelor degree of Arts in Biology and English from the University of Connecticut and a doctorate of Jurisprudence from Boston university school of law.
He is a famous lawyer and specialist in finance. His career began at Thacher Proffitt and Wood law firm where he served as a member of the executive committee.
He collaborated with Wes Edens and Robert Kauffman to found the Fortress Investment Group, and this was after acquiring full knowledge and expertise in the world of business. In the year 1998, a private equity firm was established with an initial investment of $400 million in equity. The firm was founded to serve as alternative asset management to the company.
After the voluntary resignation of the CEO Daniel Mudd in 2011, Randel was appointed as an acting chief executive officer. He has also established the Fortress Investment Fund and served as its chief operating officer.
He has also been named to the board of directors of FIG, where he has served from 2006 to the present. He has played a significant role in Fortress Investment Group in its vast increase in size. He has wheeled the enterprise to a global corporation that controls over $70 billion in assets with a highly skilled workforce.
In 2014, the firm won the Hedge Fund Manager of the Year under his leadership. It was recognized and credited by Institutional Investor as the Macro Hedge Fund firm of the year in 2012.
Randal Nardone’s passionate commitment to the business makes him one of the most successful businessmen of era. His net worth is valued at $1.8 billion, and this is according to the Forbes Billionaire list. He has earned over $100,000,000 in cash dividends.
This year, Fortress Investment Group was confirmed by Randal Nardone to be sold at a cost $3.3 billion in cash to Japan’s SoftBank Corporation. However, the firm retained its headquarters in New York City.