New York based Fortress Investment Group’s co-founder and chief executive officer Randal Nardone has decades of experience working in the financial services industry. The University of Connecticut graduate has degrees English and Biology and also earned his juris doctor from the School of Law at Boston University. Since then he had gone on to become a Thacher Proffitt & Wood partner before joining Blackrock Financial Management where he was a principal. Nardone was also a UBS managing director for a year before he left to start Fortress Investment Group with Wesley Edens and Robert Kauffman in 1998. In addition to his seminal role at Fortress Investment Group, Randal Nardone is also a Fortress Credit Corporation principal, Springleaf Financial Holdings president and chairman as well as Newcastle Investment Holdings vice president and secretary. Nardone is also co-founder, principal, COO and CEO of Fortress Investment Fund IV and Fortress Investment Fund V. He’s also president of Ncs 1 LLC and co-founder, principal, COO and CEO of Fortress Registered Investment Trust.
Randal Nardone has vast leadership experience and has been director and held executive positions in a wide range of companies. Some of the companies in which Randal Nardone has held leadership position since starting Fortress Investment Group include Florida East Coast Holdings Corporation, Alea Group Holdings Bermuda Ltd., Eurocastle Investment Limited, Springleaf Finance as well as OneMain Holdings, Inc. Nardone has also served as director of Mapeley Limited, Fortress Transportation and Infrastructure Investors LLC, New Media Investment Group, Brookdale Senior Living Incorporated, GAGFAH S.A., doBank S.p.A., Aircastle Limited, IMPAC Commercial Holdings, RIC Coinvestment Fund LP and SeaCube Container Leasing Ltd. Nardone has played an important role in the growth and success of those companies and many others.A husband and father of one, Randal Nardone is a self-made billionaire who generated his wealth through his work in finance.
As of 2007, Forbes estimated his net worth to be $1.8 billion and he was listed as number 557 on their billionaires list. Much of his wealth comes from the 53 million shares of Fortress Investment Group stock Nardone owns. Those shares have an estimated value of $1.6 billion. Over the past 22 years, Randal Nardone has been involved with more than 46 companies in a wide range of industries. His extensive experience and vast expertise in finance, management, credit and private equity makes him a valuable addition to any organization.Randal Nardone has played a major role in the growth of Fortress Investment Group. With Nardone serving as co-CEO, the company has become a highly diversified alternate investment manager with almost 2,000 private investors and institutional clients around the world and in excess of $43 billion in assets under management. Randal Nardone has helped Fortress Investment Group become a world leader. The Japan-based company Softbank Group Corporation was so impressed with the work of Nardone and his team with private equity as well as permanent capital investment strategies, that when they purchased the alternative-asset manager they retained Randal Nardone and the executive staff.