Randal Nardone is a New York City-based businessman who works in the financial industry. He is a graduate of the University of Connecticut and earned a bachelor’s degree in biology there as well as one in English. He then attended the Boston University School of Law which is where he earned his law degree. He is one of the co-founders of Fortress Investment Group, and business that invests in a number of assets. This includes distress debt, private equity, and credit hedge funds. He is a principal of this firm and has been on its Management Committee since it was founded in 1998. He has also served as an interim chief executive officer for two years and as the CEO for a year.
His professional career started out at a New York law firm called Thacher Proffitt & Wood. He made partner before moving on to Blackrock Financial Management, Inc. In 1997 he joined UBS where Randal Nardone was a managing director for a year before deciding to become an entrepreneur. His company Fortress Investment Group LLC now manages around $43.6 billion and is owned by Japan’s SoftBank Group Corp. Last year he was compensated $8.8 million for the work he does at Fortress.Beyond his role at Fortress Investment Group, Randal Nardone also serves on the board of a number of the companies owned by his company.
Among these are Springleaf Holdings, Gagfah, Brookdale Senior Living, and New Residential Investment Corporation. He has been affiliated with many companies in the past he has provided advice to such as Mapeley Limited, Aircastle Limited, Drive Shack Inc., RIC Coinvestment Fund LP, SeaCube Container Leasing Ltd. and OneMain Holdings, Inc., among others.It was in 2007 that Randal Nardone made Forbes’ “World’s Billionaires” list. He had at the time about $1.8 billion in assets. This was in the year that his company had successfully issued an initial public offering.