Randal Alan Nardone was the co-founder of Fortress Investment Group LLC in 1998. Since 1998 he was a Principal and the Chief Executive Office of Fortress since August 2013. Before founding Fortress Investment Group LLC, he was with the law firm of Thacher Proffitt & Wood and a Principle at BlackRock. He was then associated with UBS from May 1997 to May 1998 as its managing director.Randal Nardone received a B.A. in English and Biology at the University of Connecticut and was granted a Juris Doctor at Boston University School of Law. In 2007 he ranked 557 on Forbes World’s Billionaires, but he is no longer listed. Before his position with the Fortress Investment Group LLC.Fortress Investment Group LLC is a top global investment firm.
Its assets were accumulated by diversifying its investment strategies, investing in real estate, private equity, and permanent capital. In and as of the fall of 2017, its assets were $36.1 billion. Fortress’s clients are both institutional and private investors.Randal Nardone has board memberships with Fortress Credit Corporation, Springleaf Financial Holdings, LLC, Fortress Investment Group LLC, Eurocastle Investment Limited, Alea Group Holdings Bermuda Ltd., Florida East Coast Holdings Corp., Springleaf Finance, Inc. and Springleaf REIT Inc.Employees of Fortress describe the company as expecting its employees to work hard for top investment professional and are rewarded with more responsibilities. The result is that employees build their knowledge with Finacial services.
Fortress Investment Group was acquired by SoftBank Group Corporation but will permit Fortress to continue to operate independently. Softbank Group is a Japanese company with its continual leadership by founder Masayoshi Son. Softbank, a formidable technology investor, acquired Fortress for $3.3 billion in cash and provides e-commerce, internet, and technology services.Softbank paid $1.39 to the co-chairman and Nardone as the CEO. Softbank intends to take advantage of the business acumen and the talent of Fortress’s top leadership. Softbank had no choice but to give up the continued operation of Fortress to Fortress management team, as a condition of the national security regulators to approve the acquisition. It is reported that Randal Nordone supported Softbank’s acquisition, which gave Nordone to continue the business development of Fortress. Nordone has continued his ultimate control of Fortress, maintained his identity with Fortresses growth with the support of the national security regulators.