He is a true definition of a successful man who has become a great inspiration to this present generation of the upcoming talent young men. His recession journey is by itself full of lessons for he has made his own fortune. Every successful man has a story to tell and Randal Nardone has his own until he became the billionaire to the person he is today.Randal Nardone is perhaps one of the few people around the globe who serves in multiple companies’ and organizations’ boards. He built his foundation by attending the University of Connecticut where he graduated with BA in English and Biology. He later joined Boston University to pursue Law. He has served many organizations and companies in his career life but the most notable of all is Fortress Investment Group LLC.
Fortress Investment Group began its operation in 1998 courtesy of five gentlemen of which Randal Nardone is one of them. He is the Co-founder of the Group and has been serving as its Principal since it was founded. In 2013, he resumed the CEO office which he has been occupying till day. He is the man who catapulted the profits of their acquisition called Springleaf Financial Holdings to levels which were unbelievable. He still serves as the Chairman and as the President of the Holdings. Randel Nardone began his career journey at Thacher Proffitt & Wood law firm where he served in the executive committee as its member. He later progressed to BlackRock Financial Management Inc. where he was serving as the principal. He has served at UBS for 1 year between 1997 and 1998 as the Managing Director, in Alea Group Holdings Ltd., Brookdale Senior Living Inc., and Eurocastle Investment Limited among others. In all these firms, he served in top positions.
In 2006, they sold some shares of Fortress to Nomura Japanese firm for $890 million which kick-started their journey into real wealth. In 2007, the five major counterparts: Randal Nardone (Randy), Robert Kauffman (Rob), Peter Briger (Pete), Michael Novogratz (Mike), and Wesley Edens (Wes), hit the jackpot when they decided to make the company public. Through the Initial Public Offer, they became billionaires and Randy featured in the Forbes List of Billionaires at number 557 with a net worth of $1.8 billion. Fortress Investment Group has been moving to greater heights which have attracted various suitors who wanted to purchase it. The lucky one was a Japanese firm called SoftBank Group which purchased Fortress at $3.3 billion. Nevertheless, the group continues to operate independently under SoftBank Group umbrella. The leadership of Fortress is positive that SoftBank will take Fortress to higher heights.