A little over twelve years ago, Fortress Investment Group announced its Initial Public Offering. After many ups and more downs on the public market, Fortress Investment Group decided to return to the private sector. The Japanese billionaire Masayoshi Son and his company SoftBank bought Fortress Investment Group at $8.08 a share which is a grand total of $3.3 billion. The three principals, Randal Nardone, Peter Briger, and Wes Edens continue to oversee the company’s operations and invested 50% of each of their tax proceeds as part of the buyout. Randal Nardone was especially excited about the merger believing that it would bolster the company’s morale and help the company achieve a greater level of success.
Randal Nardone co-founded Fortress Investment Group in 1998 alongside Wes Edens and Rob Kauffman. Before founding Fortress Randal had already acquired a wealth of experience after earning his Bachelor of Arts in English and Biology from the University of Connecticut and his Juris Doctor from the Boston University School of Law. His work experience prior to Fortress Investment Group includes practicing law as a partner and member at Thacher Proffitt & Wood, a principal at BlackRock Financial Management, and Managing Director at UBS. Currently he is the CEO, member of the Board of Directors and Principal of Fortress Investment Group, a company for which he has worked for over two decades. His employee approval rating is outstanding of which over 95% approve of his leadership style and results (source: glassdoor.com). His current focus is the Fortress Credit Corporation. This division of the company specializes in corporate finance, real estate and asset-based lending.
Aside from his current positions and duties at Fortress Investment Group, Randal Nardone is also the current president and chairman at Springleaf Financial Holdings. He is also a Board Member at Brookdale Senior Living and Eurocastle Investment. The 2007 Forbes’ Billionaire List ranked Randal Nardone at #557.