Randal Nardone is a businessman who co-founded Fortress Investment Group in 1998. He holds a number of executive positions with investment groups including serving as the CEO of Fortress Investment Group since 2013, the Principal of Fortress Credit Corporation, the Vice President and Secretary of Newcastle Investment Holding, and President and Chairman of Springleaf Financial Holdings. Randal Nardone is listed as number 557 on Forbes Billionaire List with him having an estimated wealth at 1.8 billion dollars.Randal Nardone studied at the University of Connecticut where he achieved a degree in Arts and Biology. He then went to Boston University where he earned a law degree.
Randal Nardone went onto work as a lawyer for a number of years where he worked for a number of prominent people. This experience gave him he connections and seed money he needed to move into the financial world.His move into the financial world began with the founding of Fortress Investment Group. He did this with a number of co-founders that allowed the investment group to become a major institution. He served on the management board since the founding of Fortress Investment Group in 1998. He was then appointed to the board of directors in 2006. He became CEO of the investment group in 2013.
This move was in response to the investment group being purchased by Softbank.He has served as director during this major purchase, and he had been able to keep the investment group profitable during this major change. Softbank purchased the group for 3.3 billion dollars. They paid $8.08 per share for this purchase.Randal Nardone hold major positions on a number of financial institutions along with media, marketing, and real estate companies. He serves as the director of Brookdale Senior Living. He also holds major positions with Gagfah and New Residential Investment Group. These organizations make longterm investments in apartments and homes.