Randal Nardone is one of the presidents and co-founders of Fortress Investment Group.The other co-founders are Wes Edens and Rob Kauffman. However, Kauffman has left the company to pursue personal interests. Fortress Investment Group is all about helping people to grow their money so they can live the lives of their dreams. Kauffman had grown his money to such an amount that he was able to live his dream life. Fortress Investment Group helped him to do that. Kauffman now spends his free time racing cars and investing in NASCAR racing teams. Over at Fortress Investment Group, however, Randal Nardone, Wes Edens, and Peter Briger (who was brought in as Kauffman’s replacement) are always hard at work for their clients.
The men have built a business that consists of nearly 1,700 investors and nearly 1,000 employees.Randal Nardone is a billionaire who didn’t start off that way.When Nardone, Edens, and Kauffman started their company, they each brought with them expertise – having previously worked for other companies that allowed them to gain experience in the investing world – but Nardone also brought with him a Bachelors Degree in the field of Science.If Randal did use science, however, to earn his fortune, it was the science of how to invest.
That science degree probably didn’t earn him much, but investing sure did.Randal Nardone now owns over 53 billion shares that have a total net value of $1.6 billion, giving us an idea of Randal Nardone‘s total net worth.The three co-founders began Fortress Investment Group with a strategy that they called their “alternative-asset” strategy.With it, the men and their team focused on raising capital that they then invested into vehicles that would give their clients a good rate of return.Even though Fortress Investment Group was founded in 1998, the company began its first investment vehicle in 1999.The Fortress Investment Fund I, as the men called it, focused on earning money with real estate.Over time, the fund began to also focus on debt securities and hedge funds.