Randal Nardone: From Lawyer to Successful Businessman
Randal Nardone, a former lawyer, is one of the elite few in the world who can actually lay claim to being a self-made billionaire. The businessman, who has been listed more than once on Forbes annual list of billionaires and currently holds spot # 557, is one of the 1998 co-founding principals and current CEO of Fortress Investment Group–a leading global equity and investment management firm, boasting a portfolio that includes both private and public assets, real estate holdings, credit markets and hedge funds of almost 2,000 clients, totaling more than $46 billion.
Fortress also has the distinction of being the first large private equity firm to be listed on the New York Stock Exchange. In addition, Nardone, who got his Bachelor’s Degree from the University of Connecticut and J.D. from Boston University Law School and practiced law for many years before entering into the financial markets; also serves on several business advisory boards, where he carries various titles; including president and director. If that isn’t enough, Randal Nardone is also the acting director of Italian Real Estate Development firm, Eurocastle Investment.
Apparently, multi-tasking and laser-precision business acuity are special gifts that a rarified few like Mr. Randal Nardone possess; one, cultivated way back when he decided to leave his prestigious position as an executive partner with Thacher Proffitt and Wood Law Firm to venture into the often unforgiving and perilous waters of investment funding.Though new to the industry, Nardone proved to be a natural and quickly rose up the ranks and was soon the managing director of the Universal Bank of Sweden after stepping down as then head of Blackrock Financial Management. Shortly thereafter, in 1998, Nardone would meet the partners with whom he would co-found the immensely successfully, Fortress Investment Group—Wesley Edens and Robert Kauffman.Some twenty years later, Randal Nardone, who is based in New York; shows no signs of slowing down.