Randal Nardone is the Co-founder of Fortress Investment Group, a private organization in 1998. He got his Degree from the University of Connecticut with a degree in Art and Science and also attained a Doctor of Jurisprudence from Boston University. Before starting the firm he a financial expert in corporations like BlackRock and Union Bank of Switzerland. Despite the fact that Swiss Bank been a prolific institution with high investments, Randal Nardone left to start his own investment company.Randal Nardone in 1998 CO-founded the firm Fortress Investment Group, which has progressed into a profitable firm. He oversees the legal matters and finance and also is the chief operating officer. He was recently ranked in the 557th position in the Forbes billionaire’s list having a net worth of $1.8billion.The fortress company has been the source of his high yields and wealth.
Together with his colleagues Robert Kauffman, Wesley Edens, Michael Novogratz and Peter Briger, they became billionaires in cash compensation of $100,000,00. They got the earnings after selling their minatory assists to a Japanese investment Company, Nomura at $890 million. He got more $100million from the deal in net cash from 2005.In 2012 the Firm got praised and recognized as the best Investment firm and also got credit as the Credit Focused Fund of the year from 2010 to 2015. Randal in 2014 obtained an award as the Hedge Fund Manager of the year. All these awards he achieved them through the Fortress Investment Group whose progress was outstanding.
The employees of the firm say that the company challenges them to work harder, and also they get broad exposure to financial services.The Fortress Investment Group in 2016 had over $70billion of alternative assets. The assets distribution is among liquid hedge, among private entity and credit funds. In 2017 the firm was purchased by the Softbank t $3.3 billion. In December the same year, the Softbank acquired the firm. Ran done aged 51 who is an expert in investment had already yielded incredible results before the acquisition. Randal Nardone saw the partnership as a better way to make the Fortress Investment Group more productive.Randal still runs the company as the CEO. The company is still progressing under the partnership with Softbank. The Fortress Investment Group is a global investment platform that is leading in alternative assets management.