Randal Nardone is a Co-founder of Fortress Investment Group together with other two principals that is Wesley Edens and Rob Kauffman who is retired in 2012. Nardone is also the Chief Executive Officer, and in 2006 he was elected to the board of director. Fortress started operation in 1998 the same year it was formed with the aim of providing its services which included private equity, investment management among others.
The initial stage of development is usually challenging for any company, and it was not different for Fortress. Randal Nardone has years of experience dealing in the same industry under his belt. He offered valuable advice and guidance that helped Fortress through the stage. Over the years Fortress grew and expanded its operations to different parts of the world. Today it boasts of global recognition for quality service delivery. 2007 was a memorable year for Nardone and Fortress Investment group since they became the first large private equity firm in the United States to trade publicly in the New York Stock Exchange.
Randal Nardone obtained a Bachelor of Arts degree in English and Biology from the University of Connecticut. He went ahead and attained a second degree in Juris Doctor from the University of Boston, School of Law. With the two degrees in his pocket the future seems brighter since he could venture in either of the fields, but as it turned out, he ended in an entirely new field altogether, Finance. Nardone started his career working for Thacher Proffitt and Wood law firm as a partner and an attorney. Blackrock Financial Management, Inc. was the next stop for Nardone, and he held the position a principal. He later joined Union Bank of Switzerland where he served as the managing director in 1997.
In December 2017, Fortress Investment Group was acquired by SoftBank Group Corp from Japan. The final acquisition stage was marked when all the outstanding shares amounting to $3.3 billion were transferred to SoftBank. Randal Nardone maintained his position in the firm since his skills and expertise were still needed for the continuous growth of the company. From the acquisition, fortress executives took home $1.39 billion and in the release by Forbes saw Randal Nardone being ranked number 557 on the worlds billionaire list.