If you are curious as to how someone becomes a billionaire, then it will certainly interest you to hear the story of Randal Nardone. Randal Nardone is a member of the Forbes billionaire list, and is listed as number 557. Much of his wealth came to him because of his involvement with Fortress Investment Group, which has experienced an insane amount of growth since its inception way back in 1998. Nardone was one of first people involved with the private equity management organization, and he helped co-found it. Additionally, he has been serving Fortress as one of its principals ever since the beginning.
His start, however, is much less luxurious and far more normal. Randal Nardone’s university education gave him the skills and knowledge to have a successful career. His undergraduate studies were completed at the University of Connecticut and his J.D. was completed at the University of Boston. After going to school, like any other former student, he searched for a quality position in his desired field. BlackRock Financial was one of the most successful companies that Nardone worked for before the launch of Fortress Investment Group. He actually acted as a principal at BlackRock Financial, which was a job with a lot of responsibility. This experience prepared him quite well for his future leadership positions with Fortress Investment Group.
During his time with Fortress, Randal Nardone has held two different leadership positions, both of which have been quite demanding of him. Even in the company’s infancy in 1998, Nardone was a principal and made some important decisions. Currently, however, he holds even more power and influence because he is the CEO of Fortress Investment Group, which is a position that he finally earned in 2013. Along with Peter Briger and Wes Edens, he is among the three Fortress principals that remained with the company after it was sold for $3.3 billion to SoftBank. SoftBank’s leader and founder, Masayoshi Son, clearly sees far too much value in Randal Nardone to attempt to replace him, and together Fortress and SoftBank will likely enjoy even more success in coming years. A Force of Innovation: Two Decades of Fortress Investment Group