Randal A. Nardone serves as Co-founder, Director, and Principal, of Fortress Investment Group LLC. He’s worked there since 1998. In that time he’s been included in the management committee of Fortress. Then, in November 2006 he was chosen to the board of directors. Randal Nardone also has some positions of Advisor and Board. One example is director for “Brookdale Senior Living”. He is also director for of “Springleaf Holdings”, and “Gagfish”. Finally for “New Residential Investment” he’s in Executive Management.For his education Randal Nardone attended “University of Connecticut” When he was there he got B.A. in the subjects of Biology and English. He also went to “Boston University School of Law”. He received his J.D from there.
Randal Nardone who has dignified the list from “Forbes Magazine” called “World’s Billionaires”. There, he had a net worth estimated to be $1.8 billion. On that list he was number 557. Some example of prior work experience of Nardone before his previous job at the giant of Swiss banking. In his early years he served as both an executive committee member and partner of Thacher Proffitt & Wood. After that, he did work as a BlackRock Financial Management principal. As of now, Nardone is currently playing the role as the Interim CEO. In working in this position has an involvement in acting as the CEO if the company and getting engaged with every activity that’s given as authority. As he is the company’s principal and co-founder that means as well that needs to make sure that the company is maintaining its position of a company of large investment which is in operation with standards that are ethical.
Recently, there was news announced that the company of “SoftBank” which is a group based in Japan. The news was that they would purchase Fortress Investment for a price of $3 billion. In following with this deal’s terms, Fortress will be in operation inside “SoftBank” that’s headquartered in New York. It should be mentioned Fortress is an overseer of assets amounting to $70.1 billion. In this change, Principal Randal Nardone and the two others Wesley Edens and Pete Briger will still stay at the wheel and will give investments of fifty percent of their proceeds after-tax. From the source of the press release of the company, these are from the deal into the vehicles and funds managed by Fortress.