When Randal Nardone met up with Rob Kauffman and Wes Edens, and they decided to establish an asset management firm, it was clear enough that other established corporations would not take it lightly. Apart from his roles as a founding member of Fortress Investment Group, Randal also serves as a joint chief executive. Fortress is a global company with offices and partners around the world, but its headquarters are in New York. It has grown exponentially since its entry into the industry in 1998, and it stole the headlines in 2006 when it led the way and became the first private hedge fund to start trading in the New York Stock Exchange.
Due to his zeal to achieve results and to satisfy his various clients, Randal Nardone has over the years accumulated a sizable amount of wealth and is among the wealthiest men in the United States. In the recent release of the Forbes billionaires list, Randal sat at position 557, with a net worth totaling over $1.8 billion. He holds a bachelor’s degree in English and Biology, and a Juris Doctor of Law from Connecticut University, and Boston University’s Law School respectively.Before his current roles at Fortress Investments, Randal Nardone as a respected member of the finance sector has held other senior positions in different companies. He was a partner and member at Thacher Profitt and Wood law firm, principal at BlackRock Financial Management, and managing director at UBS.
The knowledge, expertise, and skills he acquired during his employment days have significantly helped him in his current roles at Fortress not forgetting the associates he met along the way.Other than his role as joint chief executive, Randal Nardone has been in the firm’s management committee for over ten years now. His primary duties as an executive involve coordinating and overseeing the financial and legal sides of the corporation. His ability to deliver results has seen Randal become a respected figure not only at Fortress but in other companies too. He is the vice president and secretary of Newcastle Investments Holdings, principal of Credit Corporation, president of Springleaf Financial Holdings, and director of Touch Care Holdings.