Randal Nardone is the name that means a lot for the Fortress Investment Group. In 1998, Randal founded the mentioned company, together with the Wesley R. Edens and Rob Kauffman. In 2007, the company joined NYSE, becoming the first large US private equity company to be traded publicly.
Nardone’s Road To Fortress Investment Group
Randal Nardone, often referred to as Randy (by his close colleagues and friends) has been in the industry for quite some time now. He graduated from both the University of Connecticut and from the Boston University. In both places, he majored in Art.
But despite his interest in art, Randal’s true love was finance, specifically the way private equity works. In 1998, he co-founded the Fortress Investment Group. Prior to achieving that milestone, Randal worked for various financial firms and offices. His leadership skills lead the firm to new heights by expanding their credit loan services to new markets.
Other Executive Roles And SoftBank’s Acquisition
He also worked for Fortress Credit Corporation, Newcastle Investment Holdings, and several other companies, always in executive or co-funding role. In the time of Softbank Group acquisition of the Fortress Investment Group, Randal retained his partnership position, according to the deal these to companies made.
In fact, Randal Nardone has been CEO, Co-Founder, Principal of virtually every company he worked in. He was also one of the orchestrators of the SoftBank’s acquisition of Fortress Credit Corporation. He greeted it, claiming that the merger was the best deal Fortress Investment Group could have made in that given moment.
Forbes List And Future Plans
Randal Nardone doesn’t hide his financial success. He is #557 on the Forbes list of World Billionaires, worth $1.8 billion. Randal clarifies that his role, which is the overseeing of the company’s financial body is appropriately structured and profitable.
Randal’s plans for the future are simple: continual expansion of all of his companies. And who knows: maybe the Forbe’s acknowledgment of his wealth will motivate him to master the executive role in business.
List of Critical Affiliate Companies:
Springleaf REIT Inc.
Florida East Coast Holdings Corp.
Co-Founder, Principal & Director
Fortress Investment Group LLC