When Randal Nardone teamed up with Rob Kauffman and Wes Edens to form Fortress Investment Group, he knew they were going to face stiff competition from other worthy institutions. Fortress investment is an asset management firm with headquarters in New York. Apart from being a co-founder, Randal Nardone is also the chief executive officer of the firm. Fortress has grown exponentially over the years to become one of the leading investment companies in the world. Fortress Investment is listed on the New York Stock Exchange and manages assets of over $43.6 billion. Randal Nardone has worked hard to earn a substantial amount of money and become one of the few billionaires on the globe.
According to the billionaire’s list published annually by Forbes Magazine, Randal is number 557 with a net worth of about $1.8 billion. He is a well-educated man with a bachelor degree in English and Biology, and a Juris Doctor degree of Law from Connecticut University and Boston University Law School respectively.Before his current positions at Fortress, Randal Nardone had worked in several other enterprises and gained a vast wealth of experience. He had previously worked for BlackRock Financial management as a principal as well as a joint partner and member of the Thacher Proffit &Wood law firm. A few months before the start of operations at Fortress, Randal had a short stint at UBS where he was a managing director. Apart from his role as CEO of the firm, Randal Nardone has been a member of the management committee for over a decade. His role as CEO mainly includes overseeing the financial and legal matters of the enterprise.
Being a law and business guru, Randal has had opportunities to serve in various other companies in different positions. He is the vice president and secretary of the Newcastle Investment Holdings, director at Touch Care Holdings, president and chairman of Springleaf Financial Holdings, and principal of the Credit Corporation.Under the stewardship of Randal Nardone, Fortress investment has been recognized and honored several times. In 2014, the firm received two awards due to its excellent reputation in the financial sector. It was named the Management Firm of the Year and Hedge Fund Manager of the Year by HFMWeek and Institutional Investor respectively. Fortress provides a conducive environment to its employees, and thus they can explore their full potential in delivering results. The company has also adopted a method of rewarding its hardworking workers to encourage and motivate them to work even harder.