Randal Nardone Made His Fortune What it is Today
Randal Nardone is an ambitious lawyer who ended up making quite a fortune with his entrepreneurial skills. He attended the University of Connecticut and obtained his Bachelor of Arts as well as Science. He became a billionaire with partners Peter Briger, Robert Kauffman, Michael Novogratz and Wesley Edens. He owns an impressive 53 million shares that are worth $16 billion. He has also earned an additional 100 million in cash net payouts since the year 2005.
Randal Nardone is the co-founder of Fortress Investment Group. Randal Nardone has also made it to have a place on the Forbes Billionaire list. The Fortress Investment Group was the very first hedge fund to go public in 2007, and the firm managed around $70.2 billion in assets in 2016.
The financial industry has become very successful as well as advanced and developed. In the 2010s banks, financial institutions, and insurance companies are considered to be the top industries rather than the more traditional types of industries such as oil and the railroad. Fortress Investment Group has made many of its founders extremely wealthy, and Randal Nardone was even ranked 557 on the Forbes 2007 World Billionaires list which is a very coveted position to be in. He is now one of the main leaders in the world in the financial industry and has built up quite the impressive resume.
Nardone was previously a member of the executive committee of the Thacher Proffitt & Wood law firm before joining Fortress Investment Group. He was managing director, and he is also in many executive positions at Eurocastle Investment Limited, Alea Group Holding, and Brookdale Senior Living. For decades he has been where the action is, and he has established a very efficient allocation of capital which has helped to und many developments all over the world.