Randal Nardone is a Co-founder of the Fortress Investment Group LLC, one of the firm’s Principal, and a Director at the alternative assets manager. Mr. Randal Nardone together with two others, Rob Kauffman and Wes Edens, founded the Fortress Investment Group LLC in 1998. At the time of the company’s founding, it was primarily a private equity firm, but the Fortress Investment Group LLC quickly branched out to a wide variety of other types of investment products, such as real estate investments, hedge funds, real estate investments, and debt securities. Find out more about Randal Nardone at marketscreener.com.
After less than 10 years in business, the Fortress Investment Group LLC was such a success that, in the year of 2007, the company went public with its Initial Public Offering and made history by becoming the first equity firm to be traded on the stock market. As the Fortress Investment Group LLC went public, Mr. Randal Nardone was transformed to an instant billionaire and found himself on an extremely elite list, Forbes Billionaire List on which he ranked #557. At that time the 53 million shares of the Fortress Investment Group’s stock in his possession were worth $1.6 billion. Currently, however, his shares of the Fortress Investment Group’s stock have depreciated substantially, and he no longer has a spot on Forbes Billionaire List.
Prior to Mr. Randal Nardone’s co-founding of the Fortress Investment Group, he was a managing director at UBS. He holds two Bachelor of the Arts degrees from the University of Connecticut, one in Biology and the other in English. He also holds a Juris Doctorate degree from the Boston University School of Law. Aside from sitting on the Fortress Investment Group’s board, Randal Nardone sits on Brookdale Senior Living’s board as Director, on New Residential Investment Corp’s board as Executive Management, and on Springleaf Holdings’ board as Director.
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