Fortress Investment Group co-founder Randal Nardone is a very successful financial services professional with more than 30 years of experience. Prior to starting his business career, Nardone attended the University of Connecticut and earned bachelor’s degrees in English and biology. He then graduated from the School of Law at Boston University with a juris doctor. Randal Nardone was hired by the law firm Thacher Proffitt & Wood and became a partner and executive committee member. Next, he turned his attention to the financial services industry and joined Blackrock Financial Management.
Nardone was a principal with the company until 1997 when he left to join UBS as a managing director. After one year at UBS, Randal Nardone became one of the co-founders of Fortress Investment Group LLC in 1998 and has been its CEO since 2013. During his time with the company, Nardone has played a significant role with many of its subsidiaries. He is a principal at Fortress Credit Corporation and co-founder, CEO and COO of Fortress Investment Fund IV and Fortress Investment Fund V. Randal Nardone also co-founded Fortress Registered Investment Trust and served as its COO, vice president and secretary. He’s currently the company CEO and principal.
In addition to his work at Fortress, Randal Nardone is also Springleaf Financial Holdings’ president and chairman as well as Ncs 1 LLC’s president. He is also Newcastle Investment Holdings’ secretary and vice president. Nardone has served as RIC Coinvestment Fund’s secretary, portfolio manager and COO. Beginning in May 1999, he was IMPAC Commercial Holdings Incorporated’s secretary and chief operating officer. Nardone has been Eurocastle Investment Limited’s director since 2006. He became Alea Group Holdings Bermuda Limited’s director in 2007 and in 2008, Randal Nardone became Florida East Coast Holdings Corporation’s director. He has also served as director of OneMain Holdings Incorporated beginning in 2010.
Since 2004, Randal Nardone has done stints as director of Aircastle Limited, New Media Investment Group, SeaCube Container Leasing Ltd., doBank S.p.A., Mapeley Limited, Brookdale Senior Living Inc. and GAGFAH S.A. In May, 2015, Nardone also became Fortress Transportation and Infrastructure Investors LLC’s director. All of this experience has given Randal Nardone vast expertise in management, private equity finance and credit. He is also a very busy man.
All of that work has positively impacted Randal Nardone’s net worth. On Forbes’ billionaires list the husband and father of one’s $1.8 billion saw him ranked number 557.
For details: www.crunchbase.com/person/randal-nardone