Good leadership is the secret ingredient to any successful business. This is a fact that leaders at Fortress investment group, led by Randal Nardone prove better than any other company. For two decades now, Randal and his business partners, Wes Edens and Pete Briger have been relentlessly steering this company to better waters. They started with $400 million, but now, the company is valued at $70 billion.
The success of their business has also seen them amass good rewards for themselves as well. For instance, today, Randal is worth $1.8 billion and is even on the Forbes list of billionaires. However, even though he is one of the most reputable accountants in the finance realm, Randal was initially a lawyer and partner at Thacher, Proffitt & Wood. He, however, realized that his passion lay in asset management and made a transition to this sector. Looking at his net worth today, there is no doubt that it was the best decision ever.
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Prior to Fortress and apart from Thacher, Proffitt & Wood, Randal Nardone, commonly referred to as Randy by close friends and family, also worked as principal at Blackrock financial management. He later moved to UBS where he worked for 12 months before now moving to establish Fortress Investment group.
Randal’s academic background
Randal Nardone holds a jurisprudence degree in law from the University of Boston’s school of law. Randal is also an alumnus of the University of Connecticut and holds two separate BA’s in English and Biology.
His comments on Softbank acquisition
As mentioned earlier, the three principals of Fortress have always been focusing on what is best for the company and setting the pace for other alternative investment companies. For instance, under the leadership of individuals like Randal, Fortress became the first private company to ever go public at the NYSE in 2007. Under the same leaders, FIG is also the first public entity to go private again without an IPO, following its acquisition by Softbank.
Commenting on the matter, Randal Nardone was particularly optimistic and believes that the move will help the company flourish even more. Currently, at the age of 52 and living with his family in the posh areas of New York, Randal Nardone is indeed an inspiration to many.