The immeasurable success of Fortress Investment group can be attributed to its co-founders among them being Randal Nardone. He founded the company that has been managing assets for close to 1750 clients worldwide is based in New York in 1998 with two partners, Rob Kauffman and Wes Edens. Before the birth of Fortress Investment, Randal was the managing director of the Union Bank of Switzerland, a Swiss banking giant. He was commissioned with a Bachelor of Arts in English with a minor in biology from the University of Connecticut and later enrolled for his doctorate in jurisprudence in Boston University Law School. Randal’s career picked in Thatcher Wood and profit where he worked as a partner in the legal department. He realized his interest in Financial Investment and moved to Blackrock Financial management serving as the principal before advancing to USB.
Randal’s years of experience working in leadership positions gave him enough knowledge to start and operate his company.Today Fortress Investment Group has approximately 2500 employees, and they all praise Randal Nardone for being a good team player and for providing a conducive work environment. The Forbes Billionaires magazine ranked the financial investment master as the 557th well-off individual with a net worth of 1.8 Billion dollars. In 2006, he was delegated to the board of directors in Fortress Investment Group and in 2013 was promoted to become the CEO. In addition to these roles, he holds offices in 8 organizations running in 20 separate industries. For the Euro Castle Investment Limited and Florida East Coast Holdings, Randal Nardone holds the office of the managing director. He was appointed the non-executive officer of the Alea Group Holdings Bermuda Ltd and is the chairman of Spring-leaf Reit INC and Spring-Leaf Financial Holdings Ltd.
In December 2017, the SoftBank Group acquired the Fortress Investment Group and even then, maintained the leadership and team that had driven it to become a global force in the investment industry. They were dropped from the New York Stock exchange and from then on, their statements would be reflected under the SBG statements. In his opinion, Randal Nardone passed this as a systematic move to lift the company’s private equity assets that were not doing so well. He argued that after the acquisition, Fortress Investment would have more assets and would be able to recreate their client’s confidence and make new opportunities for them to invest.