Randal Nardone’s Steps to Top
Randal Nardone is a successful entrepreneur whose success and fame is majorly connected to Fortress Investment Group that he participated in its formation in the year 1998. Using his vast knowledge and experience in law and finance, Randal Nardone has contributed to the success of company in many ways. Right now, he is one of the principles of Fortress alternative investments firm and he works for the company in its headquarters. Randal has also assisted the company in making useful and sensitive decisions that have had the company going for decades through sitting in board meetings. Randal started his career by working at Thacher Proffitt & Wood law firm where he served as an attorney. He was introduced to the financial industry at Blackrock Financial management.
Randal is an educated man who has a bachelor’s degree in biology and English he attained from the University of Connecticut. He also has a bachelor’s degree in law he attained from the Boston University School of Law. When Randal Nardone joined financial industry, he realized that a lot of companies were being closed after being declared bankrupt. After conducting numerous researches as to why those companies were being closed after operating for years, he learns that these companies were being closed due to lack of competent management. That is when the idea of finding a solution for management incompetence in the investment sector. That is when Randal Nardone met Wes Edens and Peter Briger who also had the same ideas. That is when they decided to start Fortress Investment Company that was meant to manage various investments.
Fortress recently announced that they had closed a deal with SoftBank to sell the company for over two billion dollars. SoftBank is one of the biggest banks in Japan and it has been interested in buying Fortress for some time. When Randal Nardone about his point of view regarding Fortress’ move; he stated that this was good since it will give Fortress a chance to expand its market into Japan. He also stated the deal was not going to affect the company’s operations in any way.
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