Randal Nardone is currently the President, the Chief Executive Officer (CEO) and the Principal of Fortress Investment Group. In 1998, he co-founded the firm, and since then he has been the principal and its CEO since 2013. Nardone used to work at Thacher Proffit & Wood. Afterward, he advanced he held top positions at BlackRock Financial. Before co-founding Fortress, Nardone was working at the Union Bank of Switzerland one of the largest Swiss banks in the world. Although working in high capacity in such a bank would seem a good thing for many people, this was not good enough for Randal, and he went on to establish the Fortress Investment Group.
The company since its establishment has continued to grow, and growth led to Randal Nardone to finding a right place in the Forbes Billionaire List. He is ranked position five hundred and fifty-seven richest billionaire in the world with a net worth of 1.8 billion dollars. Most of his wealth is mostly tied to the stake at Fortress. He has also earned over a billion dollars as compensation from other investments. The company as of June 2016 was managing more than $ 70 billion in alternative assets. The assets revolve around hedge funds, credit funds as well as private equity. Apart from the financial achievements, Randal Nardone has also achieved a lot. For instance, in 2014, the group under his leadership was awarded the Management Firm of the year award by HYMWeek. At the same time, the company has won the Hedge Fund Manager of the year.
Randal Nardone has a Juris Doctor from the Boston University School of Law. He as well holds a Bachelor of Arts degree English and biology from the University of Connecticut. At his 50’s Randal has been able to achieve a lot of fortune. With his dedication to his firm and strong connections with other investors, his success story continues to grow day in day out. Apart from serving at the Fortress investment bank, Nardone has been a director in other firms. Some of the companies he is a director includes Brookdale Senior Living, Aircastle limited, and Springleaf including others. Fortress Three Top Executives Split $44 Million Bonuses In 2015