Randal Nardone is a self-made billionaire ranked number 557 in the Forbes within the finance industry with 53 million shares of a net worth of $1.8 billion and 69.6 billion assets.He attended the University of Connecticut and achieved a B.A degree in English and biology, at the Boston University the School of Law where he has attained a Doctor of Jurisprudence. Hislaw career commenced as a partner at Thacher Proffitt and Wood. He worked as a managing director at Union Bank of Switzerland after working at Blackrock Financial.After meeting Wes Edens, he took it upon himself to learn on how he could merge his law knowledge with finance. He together with other four principals including Wes Edens formed Fortress Investment Group in 1998. Fortress Investment Group is a private limited company that mainly deals with:
- credit funds
- liquid hedge funds
- alternative assets in equity.
At Fortress Investment Group, Randal Nardone familiarized himself with various responsibilities ranging from the director, principal to interim CEO. Randal Nardone being a committed and passionate person, he focused his attention on advising the Fortress Investment Group on legal investment opportunities.He is known to implement well stipulated and formulated strategies that scale great profit margin in the firm. His law career has had him offer best decisions in matters finance and law that has vastly guided the company.Randal Nardone was among the management team that decided Fortune Investment Group would continue to operate independently and invests in what they specialize in, that is, railroads,real estate, hedge funds, credit funds and private equity even after SoftBank Group Corp acquired Fortress Investment Group.He was optimistic that the purchase would strengthen Fortress in terms of future growth and easier access to credit. True to his word, the company made 1.39 billion after the purchase.
The amount was then split based on how many shares each owns in the company. By July 017, the price per share had increased from $5.83 to $7.85.Randal Nardone serves as a board member in various companies. He is a director and principal at Fortress Credit Corporation. He is a non-executive at Alea Group holdings and the chairman and president of Springleaf Financial Holdings.Randal gives and has contributed back to the society by positively impacting people from various backgrounds through creating relationships ranging from domestic and international especially to businesses in the Middle East and Asia because he has had the opportunity to create vast and diverse networks through working with many different companies while at Fortress Investment Group.