a closer look at the life and legacy of Randal Nardone

the life and legacy of Randal Nardone

Randal Alan Nardone, a 61-year-old self-made billionaire, living in New York, in the United States of America was already worth $1.8 billion and position 557 on The World’s Billionaires list in 2007. He is alumni of the University of Connecticut and a proud holder of Bachelors Degree of Arts and Science. Randal Alan Nardone also did his Doctorate of Jurisprudence in Boston University School of Law and is currently among the most excellent alternative asset managers globally.

Randal Nardone also known by the name Randy, J.D. is the co-founder of the Fortress Investment Company following its inception in 1998 with Peter Briger, Michael Novogratz, Robert Kauffman and Wesley Edens. From August 2013 he was named the Chief Executive Officer, and from 1998 he was the Principal. He also serves as the Principal and Director of the Fortress Credit Corporation.

Fortress Investment Group, a privately held company, is a significantly diversified leader in the alternative asset management industry. As of September 30, 2017, it was said to be approximately $36.1 billion worth of assets under management. The organization currently handles holdings of more than 1,750 clients both institutional and private investors globally. Their specialty revolves around a variety of credit and real estate, permanent investment strategies and private equity. They mainly focus on investment performance as they strive to create stable low-risk returns for their investors in the long run. By the end of September 2017, the asset management employees had reached 969 in numbers and another 216 investment experts working in their headquarters located in New York and their affiliate offices universally.

Before the inception of Fortress Investment Company, however, Randal Nardone was a layer then turned to the money side working at the Thacher Profit and Wood who later became a partner. He was the Managing Director of UBS as from May 1997 to May 1998. At Blackrock Financial Management, Inc. he was the Principal. Randal Nardone currently serves on some boards and Advisor roles. These boards include Brookdale Senior Living, where he is the Managing Director, New Residential Investment Corp serving as the Executive Manager, Springleaf Holdings as the Director of the company and Gagfah group as the Director.

On December 28, 2017, Soft Group Corp. announced the completion of acquiring the Fortress Investment group for $3.3 billion in cash. SBG now wholly owned all the subsidiaries and the outstanding shares belonging to Fortress. SoftBank pledged in the maintenance of the leadership, brand, employees, process, and culture that led to the success of Fortress.

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