Randal Nardone is recognized as the Principal and the co-founder of FIG. He has made himself a great name which has earned him glory in the industry. Nardone took position 557 in the Forbes List of Billionaires, a clear proof he is a wealthy man. He went to the University of Connecticut and earned a BA in both English and Biology. He then joined Boston University School of Law and pursued Law and acquired a Juris Doctor. Randal got his first job in a law firm, Thacher Proffit & Wood which is quite peculiar given that his legacy reigns in the financial sector.
Randal Nardone developed some interest in the financial industry as he was in Law. He landed his first financial related job at UBS, where he started working as a Managing Director. Mr. Nardone later moved to BlackRock Financial Management and served as the Principal of the firm for a year. He then decided to venture in entrepreneurship since he was confident of his prerequisite financial skills. He became the co-founder of Fortress Investment group in 1998. Fortress Investment Group is an investment company that has attained tremendous success and has an international impact. His vast experience in Law and finance make a perfect merge of expertise needed in the growth and development of a firm entity in the financial industry. With the help of other principals: Wes Edens, and Peter Briger, Randal managed to transform Fortress into a successful business.
Randal Nardone has been in Fortress investment Group since 1998. He became one of the board of directors in 2006. Under his leadership, the firm has won many awards due to its prolific growth and development. The firm won The Hedge Fund Manager Award in 2007 and became the Management Firm of the Year in 2014. His contribution has grown the firm to great heights. SoftBank, a Japanese multinational firm, was highly impressed by its achievements and acquired it in 2017 for 3.3 billion USD cash. Randal Nardone position remained to be the CEO was retained. According to him, Fortress will manage to leverage the vast Softbank clientele base in their investment strategies.
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