Randal Nardone’s Life in the Investment World
Randal Alan Nardone is a successful American businessman who is among the three founders of Fortress Investment Group. He has a bachelor’s degree in English and Biology he attained from Connecticut University. After graduating from the University of Connecticut he joined Boston University where earned a JD from the Universe’s School of Law. Before collaborating with his two partners to start the Fortress Company, Randal had worked in various companies where he attained enough experience to run his private investment firm. Some of the companies Randal had worked for include the UBS where he served the role of a managing director. During his tenure, Nardone was able to make a lot of positive changes for the company.
Although Randal Nardone had quite an interesting experience while working for UBS Company, he was always looking for an opportunity to start his own investment firm. That is why when he met his two partners in 1998, Nardone left UBS without having any second thoughts. According to Randal Nardone, running his own firm would give him an opportunity to try on new ideas without any restrictions. True to his wish, his new ideas assisted the Fortress Investment Group from running few investments and assets in America to running various investments and assets all over the world worth billions of dollars.
According to the Forbes, Randal was number 557 in the list with 1.8 billion dollars in 2007. This was a great achievement for Randal Nardone considering the fact that he is a self-made individual who has had to work hard throughout his life in order to get to his current position. Randal Nardone was part of the deal that the Fortress Investment Group signed with SoftBank, a company located in Japan. With the completion of this deal, Randal Nardone and his partners worth shall go higher since they agreed that one share shall be sold for $8.8. However, the five principles of Fortress Investment Company shall continue running the entire firm’s operation since it will remain independent. This will also give Fortress Company an opportunity to strengthen their global market.
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