Biz Journals just released their list of people on the move this month. Among the business people included in the list is one Randal Nardone. Randal is one of the principals of Fortress Investment Group. Randal is one of the Co-Founders of the company. He, Rob Kaufman and Wesley Edens started the company two decades ago as a mere private equity firm. After four years of operation, he and the other founders and managers decided to diversify the company and hired two other principles one of whom is Peter Briger who helped start the credit sector, the real estate business as well as the credit sector of the company. The company has since then grown to become an international asset and investment management firm with more than eighty billion dollars’ worth of assets under its management. The global clients that the company serves, belong to a variety of industries and are both individual and corporate. The company makes more than a billion dollars in revenue. Read the article at bizjournal.com to know more about Randal.
Randal Nardone’s roles at Fortress Investment Group
Randal Nardone is more than just the co-founder of the company Fortress Investment Group. Randal began his leadership roles in the company as a member of the company’s board of directors before he was appointed the interim Chief Executive Officer of the firm in the year 2011. It was in the year 2013 that he became the permanent Chief Executive Officer at Fortress Investment Group. Under his leadership, the company has grown to what it is. After the sale of the company to Softbank at the end of the year 2017, Randal Nardone and the other principals walked out with more than a billion dollars for the sale of their shares to SoftBank for 8.51 dollars per share earning Randal a place on Forbes list of billionaires in the globe. Despite the sell, Randal Nardone still remains the Chief Executive Officer in the company though not independently.
Before Fortress Investment Group
Randal Nardone is a lawyer by education. He got his JD Boston University and a degree in English and Biology from Connecticut University. For a while, he worked as a lawyer at the Thacher Proffitt and Wood Law Firm. He then started his finance career at BlackRock Financial Management Firm before joining Fortress. Visit: https://discoverorg.com/directory/person/randal-nardone/5552352