Randal Nardone has a net worth of over $1.8 billion and is ranked 557th on Forbes’ billionaires list. This isn’t what people expected when Nardone was at the University of Connecticut working on his English and Biology undergraduate degrees. Even when he completed law school at Boston University and got his jurisprudence doctorate, few, if any, of the people that knew Randal Nardone imagined he would be a billionaire soon. However, when Nardone gave up practicing law and began to work in the financial services industry, he had gotten on a path that would lead to him becoming very wealthy.
For Randal Nardone, the journey to a lucrative career in finance began when he left Thacher Proffitt & Wood, the law firm where he was a partner and an executive committee member, and began to work with Blackrock Financial Management. Nardone left Blackrock in 1997, spent a year as managing director at UBS, then co-founded Fortress Investment Group Rob Kauffman and Wes Edens in 1998. The company enjoyed a meteoritic rise and by the time Fortress Investment Group held their IPO in 2007 and became America’s first publicly traded large private equity firm, the company had a valuation of between $5 billion and $7 billion.
On paper Randal Nardone and all the other co-founders were billionaires at that point. But such great wealth was not simply given to Nardone and the Fortress Investment team. It took years of hard work and long hours for the value of Fortress Investment Group to rise to such a high level. During that time Randal Nardone has honed his managerial, directorial, executive and financial services skills by spending an inordinate amount of time holding leadership positions in almost a dozen companies. He has also been a top executive in many of Fortress Investment Group’s subsidiaries.
Now a husband and father, Randal Nardone’s schedule is even more hectic. Plus, in 2013 he was named CEO at Fortress Investment Group. Nardone was also named director of Fortress Transportation and Infrastructure Investors LLC in 2015. But Nardone has long proven he can handle with aplomb the responsibilities that come with those positions. He’s now a financial services professional with over 25 years experience. Nardone has used his financial acumen, experience, knowledge and expertise to help companies in several industries to thrive. His background in English, biology, law and finance has helped to make Randal Nardone very successful.
For details: www.marketswiki.com/wiki/Randal_A._Nardone