Fortress Investment Group is a financial giant that looks for investment opportunities to invest in. It has been very successful since its foundation. The principals of this institution are the main reason why Fortress’s endeavor has brought good fortunes to the company and the leaders as well. Randal Nardone is one of the founders of this company. He’s been a principal since the company’s inception in the late 90s and the Chief Executive Officer since 2013.
Other organizations have seen the leadership skills of Randal Nardone and brought him aboard. He holds executive positions in companies such as Newcastle Investment Holdings LLC, NCS 1 LLC, IMPAC Commercial Holdings, among numerous others. In Fortress Investment Group, Mr. Nardone is in charge of various projects by the company such as Fortress Investment Fund IV, Fortress Credit Corporation, Fortress Investment Fund V, Fortress Registered Investment Trust, among others.
Randal Nardone’s dedication to Fortress Investment Group has brought the company to new heights in the finance industry. One such instance is when Softbank, a Japanese multinational, purchased the company. This change in ownership was one of the most significant transactions of the company and its part of the reason why Fortress’s principals are so financial robust. Randal is valued at $1.8 billion bringing him to number 557 according to the Forbes List. His estimated pay annually is over $8.7 million. This amount comes from his $200,000 salary, over $7.7 million as a bonus, $700,000 in stock and over $100,000 in other forms of compensation. The purchase by Softbank didn’t affect the positions that Randal, Peter Briger and Wes Edens held in Fortress Investment Group. They still control the operations of the companies.
Randal Nardone’s success comes from the experience he has had while working in Fortress Investment Group and other organizations as well. Before Fortress, Nardone worked in various financial departments in companies such as Thacher Proffitt and Wood Law Firm, Blackrock Financial Management, and UBS. As a graduate from Boston University and Connecticut University, Nardone had the necessary equipment to work for all these companies. With the combined knowledge he got from working in these organizations was essential in creating the financial and asset managing firm that is Fortress Investment Group.