Hard work and steadfast dedication have established an upward trajectory for Randal Nardone success-wise. The Boston University School of Law alumnus who is also an alumnus of the University of Connecticut with a Bachelor of Arts in English and Biology chose a path of finance.This has led him to earn a coveted spot in the Forbes list, ranking at number 557, with a net worth of $1.8 billion. At just 51 years old is given a self-made status. Mr. Nardone is currently the Chief executive officer of Fortress Investment Group.Randal Nardone Co-founded this company with Wes Edens, another big name in the financial business and Rob Kauffman. He started off as a Principal and co-founder, before being named interim CEO in 2011 and becoming its CEO in 2013.He takes charge of all legal and financial matters of the company. Before he got to the stage of forming this company, he held an esteemed position of Managing Director at the Union Bank of Switzerland, for about a year between May 1997 to May 1998.The same year he left UBS, is when Fotress Investment Group LLC was formed. Prior to this, he was a Principal at Blackrock Financial Management. Before fully joining the financial market, Randal Nardone was a partner and a member of the executive committee at Thacher Proffitt & Wood law firm.With such a status, experience and skills come the demand for your services. It is no different for Mr. Nardone who currently has a number of positions that he currently holds. Such are;
- The President and chairman of SpringLeaf Financial Holdings LLC
- The vice president and secretary of Newcastle LLC
- President of NSC1 LLC
- Fortress Registered Investment Trust Co-founder, CEO, and Principal.
- previously being its Vice president,Chief OPerations officer, and secretary.
He has led his company to achieve various milestones like The sale to Japanese Owned Soft Bank Group. This deal had Soft Bank owning the Fortress shares at a cost of $3.3 billion. The management was kept in place upon completion of the deal.The outstanding shares were bought for $8.08 per share from the original price of $5.83. Sharing according to each one’s investment, the executives of Fortress made $1.39 billion in this deal.Randal Nardone said that this would open up sources for greater credit on top of speeding the growth of the company. He feels optimistic about the deal and its impact on his company. Under its leadership, it has created a good, challenging, and creating opportunities to learn for its employees, who help the company grow further.