Chief Executive Officer (CEO) of Fortress Investment Group LLC, Randal Nardone could be said to have the magic touch but that wouldn’t be accurate. With a BA in English and biology from the University of Connecticut and a JD from Boston University School of Law, and a career history that includes UBS (United Bank of Switzerland), BlackRock Financial Management Inc, and Thatcher Proffitt and Wood, magic has nothing to do with it. Intelligence, perseverance, and an understanding of the global financial markets are responsible for the success of Randal Nardone has achieved.
Having proved himself at UBS (Union Bank of Switzerland) as a managing director, a principal of BlackRock Financial Management Inc, and as co-founder of Fortress Investment Group LLC since 1998, it is no wonder Randal Nardone is able to succeed where others may not. In 1998, Nardone was ready to take on the challenge of starting up his own finance company, which he did along with Wes Edens. Nardone and Edens started Fortress Investment Group, LLC and remain on the leadership team. After serving an interim CEO for two years beginning in 2011, Nardone was appointed CEO of Fortress in the summer 2013.
Through hard work and dedication to his business associates, clients, and the financial community, Nardone earned his way onto the Forbes Billionaire List, and has been listed at number 557.In December of 2017, Japan’s Softbank purchased Fortress Investment Group LLC for 3.3 billion dollars. The acquisition allowed for Fortress to operate independently and to keep the leadership team of Randal Nardone, Wes Edens, and Peter Briger Jr. in place. The company’s headquarters are located in New York. Fortress continues to focus on credit, private equity, and permanent capital vehicles. According to the company’s website, as of March 2018 the company’s assets totaled 40.9 billion dollars and serves 1,750 institutional clients as well as private investors.