Randal Nardone; Co-principal of Fortress Investment Group

Randal Nardone is one of the co-founders of Fortress Investment Group, a company that specializes in real estates, private equity, and credit. He is in charge of the Fortress Credit Corporation and also serves as the CEO, a position he assumed in 2013. Nardone graduated with a Bachelor of English and Biology from the University of Connecticut and went ahead to earn a doctorate (Doctor of Jurisprudence) from Boston University School of Law. He has spearheaded various projects as the CEO which has accordingly supported the growth of Fortress Investment Group.

Prior to founding Fortress Investment Group, Randal Nardone had worked in various corporations and different capacities; he has worked at Thatcher Proffit & Wood law firm as a partner and member of the committee, Managing Director at UBS, President of New Castle Investment Holdings, Director at Springfield Finance, Eurocastle Investment Limited, Alea Group Holdings, Brookdale Senior Living Inc, among others. Further, Nardone was appointed to the Board of Fortress Investment Group in 2006 and went ahead to found Fortress Investment Fund IV and Fortress Investment Fund V. He became the director and CEO of the former.

The success of Fortress Investment Group has seen Randal Nardone make a name as one of the billionaires on the Forbes Billionaire List. He is currently at number 557 on the list with a net worth of 1.8 billion dollars. Notably, most of his wealth comes from his investment in Fortress Investment Group, with additional sources of income from his involvement in other businesses. In addition to his already overwhelming wealth, Nardone has received up to 100 million dollars in compensation. He stands out from other billionaires because he has made a name for himself from scratch, ascending the ladder of success as a self-made individual.

On the acquisition of Fortress Investment Group by SoftBank Investment Group, Randal Nardone approves the idea as beneficial for both parties. In his view, the acquisition will open new highways for the former as it will create new environments that will foster investment and growth. Nardone is optimistic about the future of Fortress Group since SoftBank has increased the price of shares from 5.83 to 8.08 which translates to more income and increased markets. Fortress Three Top Executives Split $44 Million Bonuses In 2015

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