Randal Nardone is one of the co-founders of internationally recognized financial firm Fortress Investment Group. He co-founded the highly regarded financial firm along with Wes Edens. The New York City-based firm is a world leader in the realm of alternative investment management and manages assets that are valued in excess of $70 billion. Randal and Wes’s goal in founding Fortress Investment Group was to focus on the area of alternative assets in order to raise private equity. Randal serves as the firm’s Chief Executive Officer, a role he has held since 2013. Prior to 2013, he held the role of Principal since Fortress’s 1998 founding. Randal Nardone has also been a sitting member of the firm’s Board of Directors since 2006.
Randal initially intended to pursue a career in law and entered his college career with this goal in mind. He holds his bachelor’s degree from the University of Connecticut and received his J.D. from Boston University. While working in the legal profession with Thacher Proffitt & Wood, Randal became well versed in the financial industry and eventually made the move that would lead him to co-found Fortress Investment Group. Highly regarded financial publication Forbes ranks Randal Nardone at number 557 on its list of billionaires. After his work in the law profession and before his co-founding of Fortress Investment Group.
Randal Nardone held several other key positions in the financial industry. He served as the Managing Director with Swiss banking firm UBS as well as serving as Principal of Blackrock Financial Management.In December of 2017, Fortress Investment Group was acquired by Japanese firm SoftBank in a monumental deal within the financial industry. For its part, Fortress continues to operate as usual and Randal Nardone, along with Wes Edens and Peter Briger have continued on in their pre-acquisition roles with the firm. This is due to the fact that SoftBank made it clear that it had no intention of disrupting Fortress Investment Group’s winning formula.