A Gaze At The Considerable Fortune Made by Randal Nardone

To achieve every height in this world, you must start low unless you are digging your grave where you start upwards. What this basically means is that no prominent person just happened; they have gone through the ladder of life until they have reached their apex. The co-founder of Fortress Investment Group, Mr. Randal Nardone is no exception; he has undergone through the fire of life and has come out refined as gold. He is now one of the key leaders setting the pace for our generation.Many don’t know that this renowned icon was a lawyer at first before shifting gears and dashing into the business world. Randal Nardone studied at the University of Connecticut for Bachelor Arts in English and Biology. He later proceeded to the School of Law at Boston University for his JD. After his education, he has served a number of organizations and positions like in BlackRock Financial Management, UBS, Thacher Proffitt and Wood which is a law firm where he served on the executive committee. He has also served at GAGFA S.A., Brookdale Senior Living, and Alea Group Holdings Limited among others.

In 1998 Randal Nardone with other visionary leaders co-founded Fortress Investment Group which has grown to unassailable heights. The group is basically a firm that specializes in the financial management of highly diversified investments and assets which are worth over $43.6 billion. Mr. Randal stepped into the realm of billionaires back in 2007 when Fortress Group went public through its initial public offering. This is when he graced the Forbes list of various billionaires at number 557 having a net worth of over$1.8 billion. Besides being one of the major principles at the Group, he serves as the Chief Operating Officer where he oversees structured finance and all the legal matters in the firm because he is a law expert by profession and training.

Randal Nardone also serves at EuroCastle Investment Limited, Spring Leaf Finance Inc. and at Spring Leaf Finance Corporation as the director. Recently in December 2017, Fortress Investment Group hit the headlines as a result of the interest raised by Softbank Group Corp. to acquire it at $ 3.3 billion. This Japanese firm was appealed by the heavy investment of Fortress in mortgages, infrastructure, senior living and other permanent assets like vehicles which are worth more than $7 billion. He praised the whole process and the leadership of Softbank led by Masayoshi Son where he said that they will add value to the Group. The whole operations of Fortress will continue running independently.