In 1998, Fortress Investment Group came to existence due to three colleagues joining hands and working jointly. It is mainly an asset managing firm that has its headquarters in the New York City. Over the years, it has portrayed a notable growth rate to appoint of being listed on the Stock Exchange of New York City and being among the best Investment firms worldwide. Fortress has been recognized and honored internationally, under the stewardship of Randal Nardone, and even receiving two prizes in 2014 due to its extraordinary character in the financial sector. Also, it was named as the best Management Firm as well as the best Hedge Fund manager.
Randal Nardone has proven to be an educated and informed gentleman who has a bachelor degree in English and Biology and a Juris Doctor Degree from different university namely; Boston University School of Law and the University of Connecticut. Before joining Fortress Investment Group, Randal had worked in several firms such as in Springleaf Financial Holdings as well as in Newcastle Investment Holdings. Later on, He joined BlackRock which is a financial management company and performed as its principal. Therefore, it is due to Randal Nardone working with these several institutions that he gathered much of the experience that he has and vast wealth for himself.
At present, Randal Nardone is the Chief Executive Officer of Fortress Investment Group, and his essential duty is to manage the financial and legal matters that do affect the firm either positively or negatively. Randal’s hard work has not disappointed him because he has earned a considerable amount of cash to the extent of being among the few billionaires internationally. Also, he has been positioned by Forbes to seize number 557 and with a net worth that exceeds $1.8 billion.
Randal Nardone has clearly shown that he is a Law and business guru who has developed an excellent reputation in the eyes of both his clients and colleagues. Fortress Investment Group has motivated its employees by adopting a reward system to ensure that hard-working employees are rewarded.