Randal Nardone is a husband and father with 61 years of age and on top of that a man with many virtues. He is a self-made billionaire currently ranking at number 557 on the Forbes list with a net worth of 1.8 billion dollars. He earned his bachelor of arts in biology and English at the University of Connecticut. He later graduated from Boston University School of Law with a Juris Doctor. After his studies, he joined Thacher Proffitt and Wood where he became a partner and an executive committee member. Randal Nardone shifted from the law firm and joined BlackRock Financial, and in 1997 he moved to UBS and served a managing director. This shifts formed the beginning of his role in the financial sector.
In the year 1998, he co-founded Fortress Investment Group where he has been a C.E.O since August of 2013. He is also the principal and director at Fortress from 1998 where he oversees its legal issues and structured finances.Randal Nardone also serves as a board member on several other institutions holding different positions. He is a director at big companies like the Springleaf Inc, Eurocastle Investment Limited, Florida East Coast Holdings Corporation, and Springleaf REIT Inc. He also the president and chairman of Springleaf Financial Holding and other big positions in companies like Alea Group Holdings Bermuda.
Recently SoftBank’s founder Masayoshi Son announced he is acquiring Fortress at 3.3 billion dollars financial services in a bid to make SoftBank an investment powerhouse. This move ascertains that SoftBank is evolving to be more professional and careful on how it makes investments and placing infrastructure regardless of the risk that comes after an acquisition, as mentioned by Mr Boodry.Randal Nardone will make 371.4 million from the deal with SoftBank, and together with his partners, they will continue to lead Fortress. Learn More.