Randal Nardone Swithces From Law To Finance And Becomes A Billionaire

Randal Nardone, the CEO of Fortress Investment Group is a very busy man. Not only does the experienced financial services professional have a wide variety of important duties at Fortress, he also holds executive and leadership positions at a number of the company’s subsidiaries as well as with other firms. Since helping to co-found Fortress Investment Group in 1998, Nardone has also played prominent roles in companies in a wide range of industries. He has been able to draw on his management, executive, investment and financial services experience to help those companies thrive.

Some of the companies in which Randal Nardone has served as director, president, chief operating officer and CEO include Springleaf Financial Holdings, Ncs 1 LLC, Newcastle Investment Holdings, RIC Coinvestment Fund, IMPAC Commercial Holdings Incorporated, Eurocastle Investment Limited, Alea Group Holdings Bermuda Limited, Florida East Coast Holdings Corporation, OneMain Holdings Incorporated, Aircastle Limited, Brookdale Senior Living Inc., New Media Investment Group, GAGFAH S.S., SeaCube Container Leasing Ltd., Mapeley Limited and doBank S.p.A.

In addition to that, Randal Nardone has served as a Fortress Credit Corporation principal as well as Fortress Investment Fund IV and V co-founder, COO and CEO. Plus, he is a Fortress Registered Investment Trust co-founder and was the secretary, vice president, and COO of the fund and is currently its CEO. Randal Nardone’s stellar career in financial services came as a surprise to many people that knew him. At the University of Connecticut he majored in English and Biology. Nardone earned his juris doctor from Boston University’s School of Law and joined the Thacher Proffitt & Wood law firm. He quickly made partner and was a member of the firm executive committee.

However, after gaining a measure of success in the legal profession, Randal Nardone decided to go in a completely new direction. He took a position with Blackrock Financial Management and began what would become a spectacular career in the financial services industry. Serving as a principal, Nardone remained with Blackrock until 1997. Then he was a managing director at UBS for a year before leaving to join with Wesley Edens and Robert Kauffman and co-found Fortress Investment Group. By 2007, it became the first private equity firm in U.S. history to be publicly traded.

Randal Nardonw, now married with one child, is now a billionaire. He is ranked number 577 on the Forbes Billionaires list. That’s not bad for an English major.

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