Randal Nardone is the CEO of Fortress Investment Group LLC in New York City. He attended the University of Connecticut where he obtained a bachelor’s degree in English and Biology. He also bagged a J.D from Boston University of Law.Before his appointment as CEO of Fortress in 2013, Nardone was interim CEO from December 2011 to 2013.Randal Nardone co-founded Fortress in 1998, and since then, he has been serving as a member of the Management Committee, and in 2006 he was appointed to the board of directors of the company.Nardone Who ranked 557 on Forbes magazine’s World’s Billionaires” list boast of a net worth of approximately$1.8 billion. Before Fortress was founded, Nardone served as partner and executive committee member of Thacher Proffitt & Wood law firm. He later worked at BlackRock Financial Management, Inc as a principal and proceeded after that to UBS where he served as the managing director from 1997 to 1998.
Apart from being the CEO of Fortress, Randal Nardone is also the President and Chairman of Springleaf Financial Holdings. He is also the president of Ncs 1 Llc, a Director at Eurocastle Investment Limited, a Non-Executive Director at Alea Group Holdings Bermuda Ltd And as well as a director at Florida East Coast Holdings Corp, Brookdale Senior Living Inc., and Springleaf Finance Inc.Nardone’s skills in financial analysis, investment management, and investment banking have helped him to excel in very competitive markets.He has successfully spearheaded some projects including Fortress Credit Corporation. On December 27, 2017, SoftBank Group Corporation (SBG) officially acquired Fortress Investment Group LLC for the sum of $3.3 billion.
Following the acquisition, SBG took ownership of all outstanding Fortress shares, and Nardone along with the other principals of Fortress are quite optimistic about the acquisition of their company by SoftBank.Although SoftBank purchased Fortress, the later was approved to operate as an independent business with its headquarter in New York. Randal Nardone and other principals of Fortress remain the leaders of the company as SBG plans to maintain the leadership, culture, brand, model, and personnel of the company. Employees at Fortress Investment Group has over the years said a lot of things about the CEO of the company. 92% of the reviews by employees approved of the CEO, and 69% said they would recommend the company to a friend. Many of the employees are happy to be working with a successful global brand like Fortress under the leadership of Mr. Nardone and other executives.