Randal Nardone is one of the co-founders and principal of Fortress Investment Group LLC. Randal also seats in his firm’s management committee. Fortress Investment Group LLC was established in 1998 as a global investment manager. Randal’s company has an accumulated asset of $43.6 billion under his management and prides itself on having over 1750 private investors as well as institutional investors. The group invests in credit, real estates, permanent capital, as well as private equity. Other Fortress co-founders include Michael Novogratz, Robert Kauffman, Peter Briger and Wesley Edens.
By the end of 2017, the firm had a total of 953 employees, some based at its New York headquarters while others serving in its various satellite offices world-over. Fortress Investment Group LLC, last December sold a minority interest to the Nomura Investment Company in Japan for $890. Since 2015 Mr. Randal has earned $100 million from the cash payouts. At Fortress, Mr. Randal is charged with handling financial and legal matters. At the company, he owns 53 million shares. According to Forbes, Mr. Randal Nardone ranks number 557 in the world’s wealthiest billionaire having a net worth of $1.8 billion.
Apart from Mr. Nardone being the co-founder and principle of the Fortress, he also holds the president position at the NCS 1. He is the chairman of Springleaf LLC, vice president and also the secretary of Newcastle LLC. He also acquired extensive experience serving as the director of UBS. When he was still green in his career life, Mr. Randal was a lawyer at Thacher Proffitt & Wood.
Randal Alan Nardone J.D. is affiliated to a couple of companies; just to name a few, the New Media Investment Group Inc., IMPAC Commercial Holdings, Inc., Drive Shack Inc., Springleaf Finance Corporation, Newcastle Investment Holdings LLC, University of Connecticut the Boston University School of Law, Alea Group Holdings Bermuda Ltd, And much more. Looking at his company’s progress and success, you can clearly see that Mr. Randal is an excellent team leader. The employees at the Fortress Investment Group have expressed their satisfaction working for the firm especially with Mr. Randal as their team leader. His leadership styles are deeply-rooted in the benefits of teamwork and throughout his leadership, he has stressed the need for workers to work as a team to reach the company’s goals. He went to Boston University of Law, where he graduated with a Doctor of Jurisprudence. He has also studied in the University of Connecticut where he received his Bachelors in Arts for both English and Science. The 62-year-old Randal Nardone is married with one kid.