Currently ranked #557 on Forbes’ World Billionaires List, Randal Nardone is the CEO of alternative asset manager and finance company, Fortress. Not only is he current chief executive officer of the company, but also co founded it. In 1998 when he decided to launch this company, he knew that he would be facing monstrous competition. But being the Boston University School of Law graduate that he was, he came equipped with skills, expertise and vision necessary to help his business grow. Along with Wes Edens, another notable character in the world of finance, Randal Nardone launched the company. Today this world renowned company is known to offer high quality services, and has assets ranging over 40 billion dollars. All of this was possible thanks in-part to Mr. Nardone.
Although his expertise made him look like a finance wizard at a young age, even frequently advising other businesses on their finance helping them to remain afloat, originally Randal Nardone wanted to pursue a career in law and thus received his undergrad and graduate degree in the same field. After working for a few companies he started to realize how finance can be intertwined with the legal sector, and soon after completely switched fields. Not only is he the CEO of Fortress, but he is also the chairman and president of SpringLeaf Financial Holdings LLC, and serves as the Vice President and secretary of NewCastle Investment Holdings LLC amongst many other positions.
With a net worth of 1.8 billion dollars due to his 53 million shares, the name Randal Nardone name sits proudly on the Forbes billionaire list. He had a vision for the field of finance that he used and executed perfectly in 1998 with the launch of Fortress. Fortress has been recognized numerous times and has received praise from numerous investors including Institutional Investor. His law and degree and finance-savvy, coupled with his brilliant connections in the financial field have helped lead Mr. Nardone to his massive success and fortune.