Randal Nardone is the Interim Chief Executive Officer, Co-founder, principal and director at the investment firm, Fortress Investment Group. He co-founded and became the principal at the fortress in 1998. He was appointed to the board of directors in November 2006 and became the CEO in 2013. He also co-founded fortress investment fund IV and V and contributed to the fortress Registered Investment Trust.
Educational Background and work experience
Randal holds a Bachelor of Arts and science degree in English and biology from the University of Connecticut and a law degree from Boston University School of law. Before co-founding fortress, Randal Nardone was a managing director and member at UBS from 1997 to 1998 and a principal at Black Rock financial management. He was also a partner and member of the executive committee at law firm Thacher Proffitt and wood. He is the current CEO, principal, co-founder and director at Fortress investment group and leads many boards.
Boards and Advisory Roles
Randal holds other senior positions in other companies. He is the director at Brookdale Senior Living, spring leaf Holding and Gagfah. Randall holds an executive management role at New Investment Corp. He is the director at Eurocastle Investment Limited, the non-executive director at Alea Group holdings Bermuda Ltd, director of Florida East Coast Holdings Corp since 2008. He also holds leadership positions at Florida East Coast Railway, Impac commercial Holdings, and FM Falstaff Advisors
Randal Nardone on Forbes Billionaires list
You have heard of the worlds’ ‘billionaires listed in Forbes magazine. You are not a billionaire until you appear on Forbes. Randal is an official billionaire as he appeared in Forbes magazine in 2007. He holds 557 on the world’s billionaire list in the world.
Softbank’s Purchase of Fortress Investment Group
Soft Bank Group Corp completed the acquisition of Fortress Investment Group for $ 3.3 billion. The company bought Fortress and its Subsidiary shares. The Co-founders and principals satisfied with the conditions, they closed the transactions on July 12, 2017.
Fortress will operate under Softbank as an independent business in New York but lead still lead by fortress principals peter, Briger, Wes Edens and Randal Nardone. Randal said it was an excellent decision to merge fortress with Softbank Group as it will help fortress become a global company that is successful. Randal has been on the forefront to see the company he cofounded becomes successful. His desire to see fortress become global made him merge the company with Softbank Group Corp.