The leaders of a business make or break it. This is a fact that Randal Nardone has been proving ever since he and the other leaders of Fortress Investment group established the company. Now one of the most affluent people in the world with a net worth of over $1 billion and ranking #557 on Forbes list, Randal has come quite a long way.
He is the current CEO at Fortress, a role he took over in 2013. It is, however, important to note that he has been an integral part of the company ever since its inception in 1998.
Randal Nardone began his career at Thacher, Proffitt &Wood, one of the most prominent law firms in the US, but later made a transition to finance, and moved to Blackrock Financial firm where he was appointed principal. Here is where he first came across individuals like Wes Edens, whom he would later join hands with to establish Fortress. After a brief stint at Blackrock, Randal Nardone got the opportunity to serve as a director at the Universal Bank of Switzerland. Again here he served for a short while before resigning so he could join the other principals of Fortress to establish the company in 1998.
Two years later, Peter Briger came on board, and since then Randal Nardone has been working with him and Wes Edens, to make Fortress one of the most renowned companies in finance. Today, thanks to his innovative leadership skills and his ability to work in harmony with the other principals as well as the employees, Fortress is now a market leader in alternative investments and the credit realm.
Randal who lives in New York is a force to reckon in finance not only because of his role at Fortress but the long string of prominent leadership position he holds in other investment companies. For instance, apart from being a board member on various subsidiaries of Fortress’s, Randal Nardone, commonly referred to as Randy by peers also serves as president and chairman of an investment firm known as Springleaf Financial holdings. He is also central in the operations of companies like Eurocastle, Newcastle and FM Falstaff advisors, to mention a few.
He has always held a positive perspective to every decision made by his fellow principals and sees the good in every situation. For instance, after the $3.3 billion acquisition of Fortress by Softbank in 2017, Randal said that the move would help the alternative investment company increase its footprint even more.