Randal Nardone is a prominent figure in the financial world for his success at Fortress Investment Group, a company that he co-founded alongside two business partners. Rob Kauffman, who no longer works at the company, and Wes Edens, who still maintains a chairman position at the company. Fortress Investment Group’s founding members have all become billionaires through there executive positions at the company and have been ranked in the top 1000 billionaires in the nation. Randal Nardone worked at several different organizations before building the experience and money to start off an investment firm like Fortress and by 1998, Randal and his partners pooled together a few hundreds million dollars for the startup. Visit tipranks.com to learn more about Randal Nardone.
Randal has primarily focused on the international expansion of Fortress Investment since the company was founded and over the years he has moved FOrtress Into China, Germany, England, Japan, and even Australia. Randal Nardone helped in the transition of the company from a privately owned corporation to a public company in 2007 which featured them in the NYSE. Since then, Fortress Investment has managed to build up operations around the globe and maintains more than 1750 investors while managed more than 45 billion dollars.
Many people know that Fortress Investment Group was picked up by another corporation last year for a hefty sum of 3.3 billion dollars. SoftBank Corp purchased the company from Fortress Investment executives. Although SoftBank purchased FOrtress, they have elected to leave operations alone and keep the company headquarters in New York. Randal Nardone believes this acquisition will actually help him grow the company in the future and improve not only the company’s standing in the market but his own wealth as well. After profiting more than 500 million through the sale of Fortress Investment to SoftBank, Randal Nardone is worth nearly 2 billion dollars.