The Working Life of Fortress Investment Group Co-Founder Randal Nardone

A principal and co-founder of Fortress Investment Group Randal (Randy) A. Nardone is a lawyer by training. Holding a Juris Doctor Degree from Boston University School of Law (he also earned a BA in English and biology from UCONN) he practiced law with the Thacher Proffitt & Wood law firm. By the time he left the law practice, he was a partner and held a seat on the firm’s executive committee. After leaving Thacher Proffitt & Wood Mr. Nardon joined BlackRock Financial Management Inc. He was a principal at BlackRock. Randal Nardone went to work for the Switzerland based banking firm UBS in 1997. During his one year tenure with UBS, he held the post of managing director.

In 1998 along with Wesley R. Edens and Rob Kauffman he co-founded Fortress Investment Group. Fortress manages credit funds, alternative assets, liquid hedge funds, and private equity.A principal at Fortress Investment’s, Randal Nardone has sat on the firm’s Board of Directors for the last 12 years. In 2011 Dan Mudd was serving as Fortress’ CEO. When Mr. Mudd took a leave of absence Mr. Nardone was tapped to act as interim CEO. After filling in for Mr. Mudd for two years Randal Nardone officially became Fortress Investments Group’s Chief Executive Officer in 2013. Randal Nardone is committed to helping Fortress’ clients understand the opportunities that are open to them and to helping them get the most out of those opportunities.

When the Japanese telecommunications/internet company Softbank acquired Fortress Investment for $3.3 billion in 2017 Mr. Nardone guided his company through the acquisition. He was determined that the change would not diminish the quality of the services Fortress offers its clients.In addition to the posts that Randal Nardone holds at Fortress Investment, he holds positions with six other companies. He is the president and chairman of Springleaf Financial Holdings. Mr. Nardone is a director at both Spring Leaf Finance Inc. and Spring Leaf REIT Inc.For a decade he has been a Director with Florida East Coast Holdings Corp. In 2006 Mr. Nardone became a director at Eurocastle Holdings. With Alea Group Holdings Bermuda Ltd. he holds the post of Non-Executive Director.Fortress Investment Groups 2007 IPO led to Randal Nardone becoming a self-made billionaire. His current net worth is $1.8 billion. He is ranked at 557th on the Forbes’ List of Billionaires. His annual salary from Fortress is $8,786,063.00.

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