The name of Fortress Investment Group LLC cannot be named without mentioning the great name of Randal Nardone. He is a co-founder of the firm and has been serving as its principal since its establishment in 1998. He was elected to a member of the company’s board of directors in 2006 to date. He played the role of the Chief Executive Officer of the company from December 2011 to July 2013. Under his leadership, Fortress Investment Group LLC has attained many accomplishments. The company has received several awards that include but are not limited to Hedge Fund of the Year award and Management Fund Manager of the Year award.
Randal Nardone is a learned fellow. He attended the University of Connecticut where he acquired a Bachelor of Arts degree in English and Biology. He then enrolled to the Boston University School of Law where he acquired a Juris Doctor. He started his career immediately after graduation before moving to the BlackRock Financial Management Incorporation where he served as the principal. In 1997, he started serving as the managing director of UBS up to 1998. He was also a partner at Thacher Proffitt & Wood law firm. Owing to his success and accomplishments in the world of business, Randal Nardone was featured on the Forbes Billionaire List. He has property worth $1.8 billion and he is currently the 557th richest man in the whole world. He heavily invested in the Fortress Investment Group and most of his wealth is in this company. Mr. Nardone has also earned more than $100 million while working for other companies.
Randal Nardone serves other companies in different executive positions. In addition to being the CEO of Forbes Investment Group, he is also a member of Seacastle Incorporation’s board of directors. Additionally, he serves on the board of directors of Florida East Coast Holdings Corporation, Fortress Investment Group, Euroscastle Investment, and Springleaf REIT Company. Employees as well as business partners have praised Randal Nardone for his tremendous work in the company. His administration ensured that all the employees a good working environment. Moreover, Mr. Nardone is friendly to all the employees and customers. Softbank Vision Bank recently purchased Fortress Investment Group. The acquisition deal that was closed in December 2017 was worth $3.3 billion. Mr. Nardone is still the Chief Executive Officer of the company under the new management. Fortress will now be operating as a subsidiary of Softbank Vision Bank.