Randal Nardone is a successful billionaire and co-founder of Fortress Investment Group LLC in 1998. He currently is ranked number 557 on the Forbes Billionaire list with a net worth of $1.8 billion. Nardone became a billionaire when he and his partners made a public offering, leaving him owning 53 million shares with a value of $1.6 billion.
Fortress is an investment and portfolio management group with headquarters in New York City. They manage portfolios for over 1,750 private investors across the globe, spanning several different industries. Additionally, they employ 915 people and boast an impressive 205 investment professionals. A cornerstone to the leadership and philosophy is to provide the strongest level of accountability and corporate veracity. This strategy helps them maintain strong relationships with their clients, establish trust with their investors, and develop successful portfolios.
Randal Nardone graduated from the University of Connecticut with a Bachelor of Arts in English and Biology. He has also earned his Juris Doctorate (J.D.) from Boston University School of Law. Nardone has had a significant career. Before co-founding Fortress, he was a managing director of UBS, a principal at BlackRock Management, and executive committee and partner at Thacher, Proffitt & Wood law firm. In addition to his role at Fortress, Randal Nardone boasts board membership at the following companies:
- Fortress Investment Group, LLC
- Springleaf Financial Holdings, LLC
- Fortress Credit Corporation
- Eurocastle Investment Limited
- Alea Group Holdings Bermuda Ltd.
- Florida East Coast Holdings Corp.
- Springleaf Finance, Inc.
- Springleaf REIT Inc.
With all of his board memberships, his leadership stretches across twenty different industries, including private equity and credit and real estate. Randal Nardone has held multiple positions with some of the companies he is currently a board member. These positions included director, Chief Operating Officer, Chief Executive Officer, Principal, portfolio manager, and other high-level assignments.
Randal Nardone’s leadership and expertise has led Fortress to be one of the world’s leaders in portfolio management and asset-based investments. He has used his education and experience to build a solid company with extraordinary wealth. With his current and previous successes, it can be assumed that he will continue to bring guidance and success to the companies he is affiliated with, in addition to future relationships he may forge.