Randal Nardone is the co-founder, principal, and director of Fortress Investment Group. He is married with one child and lives in New York City. His company, Fortress Investment Group, is a global investment management company which is managing nearly $41 billion worth of assets as of March 31, 2018. Fortress specializes in asset-based investing, industry knowledge and specialization, operations management, corporate mergers and acquisitions, and capital markets. Randal Nardone currently ranks as #557 on Forbes list of the world’s billionaires at the age of 51 with a net-worth estimated to be around $1.8 billion. Randal Nardone attended the University of Connecticut and received a Bachelor of Arts degree in English and a Bachelor of Science degree in Biology before pursuing a Doctorate of Jurisprudence at Boston University. With his career starting at Thatcher Proffitt & Wood before going through BlackRock Financial and UBS. Randal Nardone then teamed up with Wesley Edens and Rob Kauffman in 1998 to found Fortress Investment Group.
Currently, Nardone serves as a board member for Brookdale Senior Living, a senior living community company with more than 900 communities in 46 states; Springleaf Holdings, which is now known as OneMain Financial, a provider of personal loans based in Evansville, Indiana; and Gagfah Group, a realty and property management company based in Luxembourg, Germany. He is also involved in an executive management position at New Residential Investment Corp.
While Nardone is still managing Fortress Investment Group, the company was purchased by SoftBank in 2017 for $3.3 billion. He agreed to the acquisition in hopes of it strengthening Fortress and allowing the company to grow faster and access larger credit sources with the giant Japanese company behind it. Thus far, SoftBank has happily allowed Fortress to to continue operations as an essentially independent company despite the acquisition. While it is still too soon to determine how this acquisition will affect Fortress long-term, Nardone remains optimistic. Click here
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