How Randal Nordone Co-Founded and Sold Fortress Investment Group
How Randal Nardone Co-Founded and Sold Fortress Investment Group
The investment world is a competitive environment where executives come and go with every change in the market. However, one investment executive has been able to rise to the top and find himself on Forbes Billionaire List. That executive, Randal Nardone, has been a major player in the alternative investment world.
Randal Nardone is best known as the Co-Founder of Fortress Investment Group. The company was created in 1998 and has since become one of the biggest players in the alternative investment world. As the company grew, it found itself as an attractive target for larger banks. Eventually, Fortress Investment Group would be sold to SoftBank for $3.3 billion dollars in late 2017.
Speaking of the SoftBank acquisition of Fortress Investment Group, Randal Nardone said that he would continue to lead Fortress and the investment group and that the firm would continue to operate as it did previously. Today, Mr. Nardone continues to lead Fortress Investment Group with almost $41 billion dollars of assets under management.
In the 2018 Forbes Billionaire List, Randal Nardone was listed at number 557 with a net worth of $1.8 billion dollars. According to the biography from Forbes, Mr. Nardone received his education from University of Connecticut with a Bachelor of Arts. He would later receive a Doctor of Jurisprudence from Boston University. Mr. Nardone began his career as a lawyer at Thacher Proffitt & Wood. He would later go to the finance side at BlackRock Financial and UBS. Mr. Nordone would later Co-Found Fortress Investment Group in 1998.
In addition to his position at Fortress Investment Group, Mr. Nordone also serves on Director of Aircastle Limited. Previously, Mr. Nordone served on the board of directors of a number of other companies. Some of those companies where Mr. Nordone served on the board of directors includes Springleaf Finance Corporation, New Media Investment Group Inc., Brookdale Senior Living Inc., and OneMain Holdings, Inc. Today, Randal Nardone is known as one of the most accomplished leaders in the alternative investment world. Meet Fortress Investment Group's Ex-Billionaire Interim CEO
July 12, 2018 Add Comment
In Business Strategist, Investment
#investment world