A self-made billionaire Randal Nardone who is the founder of Fortress Investment Group
Randal Nardone is a billionaire that is already self-made. At the Forbes list that lists the world’s top billionaire, he has been ranked number 557. There is a lot people can learn from Randal because the wealth that he has acquired he got it from putting in the dedication, skills in leadership and having the passion. At the Fortress Investment Group Randal is the CEO from August 2013 and the co-founder. People know Randal Nardone as the lawyer that changed to do business. After he finished his studies at the Boston University studying for his J.D, he got employment at Tacher Proffitt & Wood. After that, he gained employment at Blackrock Financial and UBS.The primary role that Randal plays at the Fortress Investment Group is that he is the one in charge of the structure that makes up finance and any legal matter that will concern the firm.
By the help of the public offering and people like Peter Briger, Robert Kauffman, and Michael Novogratz the difference they have made in the company is that they have gotten 53 million shares which when counted would be worth $1.6 million. Randal has proven skill that he has in the legal field that he gained several years back before founding Fortress Investment Group because of the so many companies he offered his expertise.Randal Nardone offered his expertise at different firms like the Springleaf Financial Holding where he played the role of being the president and chairman. Additionally, at the Newcastle Investment Holdings, he served as the vice president that is in 2016, after being in the company as the secretary from 2002.
In companies like the UBS and IMPAC, he held the administrative position. SoftBank Group Corp has announced that they have finished the necessary documents in the acquisition of Fortress Investment Group that cost them $3.3 billion.For the transaction to be closed all the condition were meet leading to an agreement after everyone was satisfied with the decision. Randal Nardone believes that the acquisition will be a good thing since the firm will be under the mergers and agreement from SBG. He knows that the decision will help in the goal that the company has in growing and plans. The company would act as the head of the company that would assist in the growth and becoming better. The staffs at Fortress Investment Group feel that the company did the right decision and a smart one too.
Source of the article : http://insiders.morningstar.com/insiders/trading/executive-profile.action?t=0P000080SF&PersonId=PS000018DV&flag=Director&insider=Randal_Nardone&culture=en-US&productcode=MLE&cur=&nav=no