Randal Nardone Is A Successful Billionaire Who Helped To Startup Fortress Investment Group LLC.
Randal Nardone is the co-founder and Principal of Fortress Investment Group LLC. He has been a member of the Board of Directors for the company for over a decade and has been serving as a member of its Management Committee for two decades. From late 2011 until July of 2013, he acted as the company’s Chief Executive Officer and then took on the role full-time in August of 2013. Randal Nardone studied at the University of Connecticut where he earned his undergraduate degree in science. He went on to study at Boston University School of Law and earned his Juris Doctor there.
Randal Nardone was singled out by Forbes magazine as one of the “World’s Billionaires,” and listed his net value at $1.8 billion in 2007. He became a billionaire during the early part of 2007 after Fortress Investment Group launched its Initial Public Offering. Nardone also stis as the President of Ncs 1 LLC. and as the President and Chairmon of Springleaf Financial Holdings, LLC. He helped to co-found Fortress Investment Fund IV, L.P. as well as Fortress Investment Fund V and is Secretary and Vice President of Newcastle Investment Holdings LLC.
Before working with Fortress Investment Group, LLC., Randal Nardone served UBS as a Managing Director and also served BlackRock Financial Management as a Principal. Earlier on, he also served the law firm Thacher Proffitt & Wood as Partner. Today, he works to build upon the legacy of Fortress Investment Group, which is now a company that manages more than $43 billion in assets for more than 1,750 investors. The company focuses on hedge funds, permanent capital vehicles, and private equity and uses a strong risk-adjusted returns strategy that brings profit over the long run. Fortress now has more than 900 employees and is located in New York.
Randal Nardone has been a consistent guiding force for Fortress Investment Group and keeps it focused on capital markets, operations management, corporate acquisitions and mergers, asset-based investment opportunities, and researching into specific institutions and companies in specific industries. Looking into the future of Fortress Investment Group, Nardone expects profit and continued success. Fortress Three Top Executives Split $44 Million Bonuses In 2015