RANDAL NARDONE’S KNOWLEDGE AND FINANCIAL ACCUMULATION
Making investments that are mainly financially oriented is something that Randal Nardone is good at. With his background in the financial excellence and knowledge, Nardone has been able to look for the ideal platform for staking his money, and it has not only been profitable to him but to those that are involved in these investments. Such is the case of the foundation of Fortress Investment Group which Randal, alongside two other people, Wes Edens and Rob Kauffman, the latter having retired after serving as a principal for several years in the group.
Nardone’s financial background traces back to his days as a student at the University of Boston and Connecticut University where he got a Law degree and a B.A. in English and Biology respectively. This was followed by membership and a partnership in the Thacher Proffitt and Wood Law Firm. When he left this firm, Randal joined Blackrock Financial Management. Here he was a principal which increased his knowledge as a financial expert. In 1997, however, Nardone left the institution and joined UBS where he worked between 1997 between 1998 as a managing director. The position in Fortress Investment Group that Randal Nardone held was the biggest boost of his career.
As the CEO of Fortress Investment Group, he has helped the company grow immensely over the years as he also grew himself financially. The company was responsible for placing Randal Nardone in the billionaire list along with his other two comrades after the organization was sold to Softbank and after many other tremendous stepping stones that brought the company billions. The purchase by the Japanese Multinational, however, didn’t affect the position that he and his two colleagues held. Currently, Randal is 557th on Forbes list with a net worth of $1.8 billion. This amount mostly comes from the money that Randal Nardone takes home for working at Fortress Investment Group, estimated to be about $8 million each year.
His knowledge in the field of finance has not only been profitable to him, but also to people who sought his counsel when they intend to invest. Many organizations have gone to Randal for financial advice, and he has been happy to share his thoughts and recommendations with them. In addition to working at Fortress Investment Group, Randal Nardone has held other executive positions and continues to hold several positions in other institutions such as IMPAC Commercial Holdings, Florida East Coast Holdings Corp, Alea Group Holdings, and Brookdale Senior Living Inc.