Glenn Laken

Randal Nardone – A billionare by choice

As a self made man, Randal Alan Nardone at some point reigned number 557 on the list of Forbes Billionaires (at $1.8 Billion Dollars). Having an educational background from The University of Connecticut (Bachelors Degree) and The Boston School Of Law (Juris Doctor) Randal Nardone started out working with Thatcher Proffitt & Wood and went on to climbed his ladder of success through BlackRock Financial and UBS until he began his entrepreneurial journey. Cofounding the famous Fortress Investment Group in 1998 with Wesley Edens and Peter Breiger Jr. Acting as President, cofounder, and Principle, Randal Nardone was finally admitted to the board of Directors in November 2006.

Aside from his roles in Fortress Investment Groups Randal currently holds 4 Board and Advisory positions; at Gagfah (Director), Springleaf Holdings (Director), Brookdale Senior Living (Director), and New Residential Investment Group (Executive Management). Randal Nardone graced the pages of the Forbes in the year 2007 as a result of Fortress Investment Groups IPO on the NYSE (New York Stock Exchange). With possessions on 53 million shares (at the time worth something around 1.7 Billion Dollars) and earning around $100 million dollars in other compensations his net worth was established. That was short lived because as his return to Fortress Investment Group and CEO in late 2011 that title was no more.

With Randal Nardone at the reigns of the firm, its AUM (assets under management) had grown from around $43 Billion to recorded on June 30, 2016 $70 Billion. His efforts did not go unnoticed, in 2014 his guidance gained Fortress the accolade of “Hedge Fund Manager of the Year” from Institutional Investor and well as “Management Firm of The Year” from HFMweek.In more recent developments, the highly revered Japanese investment giant SoftBank has made an acquisition of Fortress Investment Group in December of 2017 for $3.3 Billion Dollars. Randal Nardone has truly experienced much in his 61 years, being affiliated with a whopping 26 entities according to bloomberg.