Randal Nardone is a prominent lawyer who shifted his career into finance. He started his career in Thacher Proffit & Wood. He then moved to BlackRock Financial where he upgraded his ranks after which he further proceeded to the Union Bank of Switzerland. Despite that it might seem like a great achievement working in one of the high-class Swiss banks in the entire world, it was not enough for Randal Nardone. He never achieved satisfaction, and hence he decided to venture into the establishment of Fortress Investment Group. That took place in 1998. This company has tremendously grown and expanded.
The recent explosive growth of Fortress Investment Group has enabled him to be featured in the Forbes list of the Billionaires. Randal Nardone was ranked in position 557 in the Billionaires list with a net worth of 1.8 Billion US Dollars. Nardone has entirely made this wealth just by himself. Randal Nardone massive wealth is almost entirely connected to Fortress Investment Group. He has also managed to make more than 100 Million US Dollars in other cash compensation.
Randal Nardone is currently the Chief Executive Officer of Fortress Investment Group. His partnership in this company in 2011 was appropriate if we consider his former roles. On 30th June 2016, it was reported that the Fortress manages and controls over 70 billion US Dollars in alternative premises. Fortress Investment Group Assets are diversified between liquid hedge funds, equity as well as credit funds.
In addition to the massive definite financial accomplishments by Nardone, there was also incredible wealth that was brought about by other achievements. It’s through his governance and guidance that Fortress Investment Group earned an award in 2014 as the ‘Hedge Fund Manager of the Year” as well as “Management Firm of the Year’’. The two awards were offered by Institutional Investors and HFMWeek respectively. Apart from these awards, Fortress Investment Group was also recognized and exalted by the institutional Investors as the Discretionary Macro-Focused Hedge Fund of the Year, specifically 2012. It was also known as the “Credit-Focused Fund of the Year” for two consecutive years, 2010 – 2011. All these achievements have been experienced after the growth and development of Fortress Investment Group.
Nardone have been able to create a good name for this company which has in turn earned him much respect and recognition. Fortress Investment Group has the potential to grow and expend even further.