With a net worth of over $1 billion, Randal Nardone is one of the world’s wealthiest people ranking #557 on Forbes list of self-made billionaires. He has amassed his big fortune over years due to dedication and hard work at Fortress Investment group and has made a name for himself in the world of finance due to his long string of roles in investment companies.
Randal has been serving as a principal to Fortress since its inception and as its CEO since 2013. He also serves various other roles in Fortress’s subsets and works with companies like Springleaf Financial holdings as chairman and president. Also, Mr. Nardone has roles in companies such as New Castle investment holdings, IMPAC holdings, RIC Coinvestment funds and Eurocastle investments limited among many others.
How it all started
It is interesting to know that initially, Randal Nardone was in the law arena. He even holds a JD in law from the University of Boston and had even started setting the foundation for a lucrative law career at Thacher Proffitt & Wood, where he was an executive member, as well as a partner. However, during the process, he realized that his passion was working with numbers and managing assets.
He did not wait; instead, he began empowering himself with knowledge on how to merge law with finance management and step by step, made a transition to this sector. Mr. Nardone’s first finance role was at Blackrock where due to his excellent leadership and skills was appointed principal. This is where he first rubbed shoulders with his colleague now turned business partner, Wes Edens. In 1997, Randal Nardone got a managing director position at UBS, where he served for a year, and later resigned to establish Fortress Investment group with Wes Edens and Rob Kauffman and more
Randal Nardone today
Since then Randal Nardone has never looked back and has been moving from one level of glory to another. Randal has been working with the other principals hand in hand to make Fortress better, and there is sufficient proof of that because today, it is one of the most prominent companies in alternative assets, with a client base of over 1700 investors and assets worth over $70 billion.