Randal Nardone is the Co-Founder and Principal of Fortress Investment Group, one of the largest alternate asset managers in the world. He has been a member of the Management Committee since the firm was founded in 1998 as an equity firm. He has also been serving as Fortress’s CEO since 2013 having served as interim CEO of the company for a year.
The lawyer who turned businessman has been highly successful to accumulate enough wealth to be listed in the Forbes list of billionaires. He is worth about $1.8 billion and he has been ranked number 557 in the world. He didn’t anticipate to pursue a career in business as he built a career in the line of law. Randal Nardone attended University of Connecticut where he graduated with his Bachelor of Arts/Science. He also holds a Doctor of Jurisprudence from Boston University.
Randal Nardone has served in various capacities in Fortress’s subsidiaries including leadership roles at FMA LLC, Eurocastle Investment, FM Faalstaff Advisors, Seacastle, Impac Commercial Holdings, Newcastle Investment Holdings, Florida East Coast Railway, as well as Springleaf REIT. He was featured in Forbes Magazine’s World Billionaires List in 2007.
The visionary leader has been part of Fortress Investment Group’s various growth phases including its IPO in 2007. During the IPO, Fortress was the first equity firm to public in the United States. He has been serving at the helm of the firm alongside his co-principals including Wes Edens and Peter Briger. He was also at the negotiation table when the firm was negotiating an acquisition deal with SoftBank. Fortress was acquired for $3.3 billion and despite the acquisition, the firm has been left to operate independently with its leadership teams intact. The principals welcomed the development with Wes Edens saying that he is excited about the firm becoming private again. They are embarking on a path of embracing the challenges and opportunities that comes with being a player in the global marketplace by joining hands with SoftBank.
Prior to Fortress, Randal Nardone served as a managing director at UBS. He worked at Thacher Profit & Wood as a partner earlier in his career.
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