Meet Randal Nardone: The CEO of the Fortress Investment Group

Randal Nardone is one of the most famous finance professionals in the entire world. Guess what? He has several years of experience in the field. He is an alumnus of a well-known institution- University of Connecticut. From here, he got a degree in English & Biology. Later, he attended Boston University (school of law) where he got a juris doctor.

Immediately after his studies, Randal Nardone started working at a law company called Thacher Profit and Wood. Here, he became a partner as well as an executive committee member. After some time, he realized that his interest was mainly in finance. This is one of the main reasons why he moved to Blackrock Financial Management.

In the year 1997, Randal Nardone left Blackrock Financial Management for the UBS where he worked as a managing director for one year. In 1998, Randal decided to start his own business. He approached some of his friends after which they co-founded the famous Fortress Investment Group. Check out about Randal Nardone

Randal at the Fortress Investment Group

Randal has been at the Fortress Investment Group since it was formed in the year 1998, as a member of the management committee. He became a member of the board of directors in the year 2006. In the year 2011, he was named as the interim Chief Executive Officer of the Company. He was permanently appointed as the CEO of the firm in the year 2013.

As the CEO of the Fortress Investment Group, Randal Nardone has made several achievements. Under his guidance, the firm has become a leader in the area of asset-based management as well as portfolio management. In the year 2016, the company was estimated to have assets worth 70 billion U.S. dollars. The assets are actually split among liquid hedge funds, credit funds, as well as private equity.

Randal Nardone’s Wealth

Randal is usually a hardworking person. He has been able to make a great deal of money within a short period through legal means. He was recently ranked at position 557 in the Forbes Billionaire list with a net worth of about 1.8 Billion U.S. dollars. According to statistics, he acquired most of his wealth while at the Fortress Investment Group.

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