Randal Nardone, one of the co-founders of Fortress Investment Group and currently the Executive Chairman of the company, has been named to the Forbes Billionaire List with a net worth of $1.8 billion and ranked #557. Randal Nardone now joins his fellow co-founder Wes Edens as billionaires after helping to build Fortress into one of the world’s largest alternative asset managers with over $62 billion in assets under management as of January 2014.
Who is Randal Nardone?
Randal Nardone is the co-founder of Fortress Investment Group which erected in 1998 in New York City. Since then, Nardone has served many roles at Fortress Investment Group including being a member of the Board of Directors, CEO, and Head Principal of Investment. The firm focuses on providing capital commitments to such portfolio companies through senior debt or equity investments or both adn more
Randal Nardone’s Previous Experience
Nardone obtained his graduate degree from Williams College where he majored in history. Before joining Fortress, Mr. Nardone was President and Chief Operating Officer of UBS Realty Investors Inc. Prior to that, Mr. Nardone was a Managing Director at UBS Financial Services where he created and oversaw two alternative investment businesses. Mr. Nardone also practiced law at White & Case LLP for 12 years following his graduation from Georgetown University Law Center in 1984 with honors and an Order of the Coif distinction.
What Employees Say About Fortress Investment Group
Forbes said that Fortress ranks as one of Forbes 100 Most Innovative Growth Companies. Their employees enjoy working for the company; “I’ve never worked at a place where people say, ‘yes’ so quickly to new ideas, and it makes it really easy to do your job.” – Anonymous Employee. There are no backstabbers here; it doesn’t matter if you are on-site or remote—there is an emphasis on collaboration. I truly enjoy working for this company because everyone truly cares about each other’s success—as well as our clients’ success. – Mark Mullen, Sr., Director of Operations & Staffing in Quality Control (Fairfax office).