When a young and buoyant Randal Nardone enrolled at Connecticut University as an undergraduate student of English and Biology and later at Boston University for his Juris Doctor degree, he was upbeat that he would make a worth-while career in the field of law. Well, while he may have achieved that by making partner at Thacher Proffitt & Wood, a top law firm, his big break would come in the finance sector as a principle of Fortress Investment Group. Randal’s decision to switch professions from law to finance is what you would call a billion dollar decision, as he would become a billionaire during the first IPO of Fortress Investment Group. While most folks would be lucky to have a number like 557 pop up in their bank accounts, 557 is Randal’s rank on the Forbes list of world billionaires, with a net worth of $1.8 billion. From day one, Randal Nardone was an eager beaver and a real dynamo who relentlessly worked to see his visions actualize. It is no wonder he became a billionaire at a young age of 51 years.
All through his career, even before he co-founded Fortress with Wes Edens and Rob Kauffman, Randal always looked for ingenious ways to integrate law and finance. He did this during his fruitful times at BlackRock Financial Management where he was a principal, and also at UBS as the Managing Director. He continues to do so at Fortress where he is in charge of Legal and Financial matters of the investment management firm. His other duties include serving as the director of the Credit Corporation, president of Springleaf Financial Holding LLC, board member of Eurocastle’s board of directors and also as a director at Touch Care Holdings LLC. Additionally, he is a board member of Gagfah, New Residential Investment Corporation, and Brookdale Senior Living.
Randal Nardone is a passionate man with a high aptitude in financial and legal matters. These are the attributes that saw him retained as a principal, when SoftBank purchased Fortress Investment Group at the cost of $3.3 billion. SoftBank is one of Japanese largest company, owned by Masayoshi Son. Randal expresses overwhelming confidence in the viability of their deal with SoftBank, stating that it is a golden platform for both SoftBank and Fortress to pursue more progressive ideas and investments.
Randal Nardone is a husband and a father to one child. He continues to serve the community by offering his legal and financial knowledge. He is respected and admired by his employees and his peers alike.