Matters Studies Randal Nardone is Principal, Co-founder, and Director of Fortress Investment LLC Group, an investment management company founded in 1998. He is currently the interim Chief Executive Officer as of August, 2013. Peter Briger, Wes Edens, and he are the principals and founders along with two former founders.He studied bachelors of English and Biology at University of Connecticut, later joined Boston University School of Law graduating with a JD (juris doctor). After graduating from law school, he worked at Thacher Proffitt & Wood and partner where he was partner and an executive member in the committee. He worked for a year at UBS before becoming a founder.Career Randal Nardone is in 8 boards of similar number of organizations.
Some of the firms that he is in is for instance, Eurocastle Investment Limited, as director and Springleaf Finance Inc also as director. He also is secretary and president of Newcastle Investment Holdings.Other firms that he holds membership are Springleaf REIT Inc, Florida East Coast Holdings Corp, Alea Group Holdings Bermuda Ltd and others he previously held. These corporations are in twenty different industries. At Fortress, he has played notable role in its subgroups. He co-founded Fortress Registered Investment Trust, CEO of Fortress Investment Fund IV and Fund V and also COO, principal and CEO of Fortress Credit Corporation among others.On corporate and personal wealth Softbank Group Japanese based corporation which has stake in over 300 firms.
It offered a 3.3 billion dollar deal to acquire Fortress in a move voted in by its shareholders. What some wondered was why it chooses to acquire a large company like Fortress while it usually purchases tech and internet start-ups. Both firms have a common aim of wanting new areas to go into and need for rebranding. Randal Nardone said the deal would strengthen the company and was optimistic about it.Holding those positions has made Randal Nardone to be listed in the Forbes’ Billionaires’ List ranking 557 with a net worth of over $1 billion. Currently Fortress manages close $40 billion assets for over 1000 investors around the globe. Due to its acquisition by Softbank, it will perform better as it is now not a publicly traded company.