The success story of Randal Nardone has clearly shown that the ability to deliver in the business world is not dependent on the profession pursued alone. The 55-year-old Randal Nardone has made significant achievement at his firm the Fortress Investment Group. Randal enrolled as a student at the University of Connecticut where he graduated with a bachelor’s in arts, English and Biology. Later, he furthered his education at the University of Boston, school of law. At Boston, Randal Nardone graduated with a Doctor of Jurisprudence Degree or JD.
Despite his excellent qualification in academics, Randal did not glue himself to his law profession. He followed his dreams which were more of asset management other than litigation. However, being a professional in legal matters, he was able to merge his legal practice with financial management operations. Randal Nardone worked with Thatcher Proffitt and Wood. Later Randal proceeded to work as a principal at BlackRock Financial Management. Then in 1998, Randal co-founded the Fortress Investment Group with some of his friend in the field of finance. Together with Wes Edens, and Rob Kauffman founded one of the most reputable private equity firms. The firm was listed in the NYSE with shares trading at $18.5. Done plays different responsibilities in his company. He also the CEO and the advisor of the company in legal matters among other roles. He is also the serving the president and chairman of Springleaf Financial Holdings. Nardone has been listed in the Forbes billionaire magazine with a net worth of $ 1.8 billion.
The acquisition of Fortress Investment Group by the Softbank group did not come as a surprise to Randal Nardone. However, this decision surprised many people, but Nardone was very optimistic about this decision. Softbank is famously known for its investment in technology-based firms, while Fortress is one of the respected asset managers in the world. These two companies working together will be of great impact to both firms in achieving their different mission in the investment sector.