Randal Nardone is a well-known lawyer who changed his career to the finance sector. Most people would dream of working for a big institution such as Union Bank of Switzerland. However, Randall did not stop there; he wanted something more. It was at this point that he decided to establish Fortress investment group. Ever since he co-founded the company in 1998, it has grown over the years to become one of the biggest investment companies. The company’s growth has contributed to Randal being listed in the Forbes billionaires list. Randal who has a net worth of $1.8 billion is ranked 557th in the list. He has managed to reach this point through his hard work. Read the article at bizjournal.com to know more about Randal.
Randal Nardone is one of the founders of Fortress investment group. He started the company having the idea to help people. One of the reasons for the firm’s success is due to his hard work. He made it his job to ensure that the company became successful. Randal Nardone had the skill to take the company to the next level. His previous experiences made him the appropriate person for the job. He knew just when to take the best opportunity. He decided to accept the acquisition from Softbank knowing it was the best thing for the company. Softbank bought Fortress investment group for $3.3 billion. From the acquisition, Fortress group got more opportunities. The parent company would also make it easy for Fortress to get help when it needed it the most.
Currently, Randal Nardone is the CEO of the company which manages over $70 billion dollars in assets. The assets are divided into different categories which are liquid hedge funds, private equity, and credit funds. Under Randall Nardone’s leadership, the company got awarded the hedge fund manager of the year and management firm of the year. It has also received recognition as the discretionary macro-focused hedge fund in 2012. For two consecutive years, 2010 and 2011, it was recognized as the credit-focused fund of the year. Through his connections with other investors, Randal has managed to become successful. His dedication and hard work in the company have paid off and the results are visible.