Randal Nardone is the Co-Founder, Principal and Chief Executive Officer of the Fortress Investment Group. He was selected to be the Interim Chief Executive Officer of Fortress from December 2011 to July 2013, and became the Chief Executive Officer in August 2013.Randal Nardone earned his B.A. in Biology and English from the Connecticut University, and his Jurisprudence Degree from the School of Law of Boston University.Nardone was listed in the Forbe’s Magazine’s “World’s Billionaires” in 2007 because he had an estimated net worth of $1.8 billion.On February 14, 2017, SoftBank publicly broadcasted that is would purchase Fortress Investment Group. Softbank is a Japanese Conglomerate that had previously consented to the purchase of Fortress for $3.3 billion.The Fortress Investment Group was established in 1999 with just $400 million in its portfolio of assets.

Fortress Investment Group is a leading company in the hedge fund and private equity industry. When Fortress’s IPO of the New York Stock Exchange in 2007 came, the company was already overseeing $32.6 billion in assets. The private equity investments of Fortress involves a wide range of industries within the markets such as energy, media and telecommunications, real estate, health care, financials, and transportation among others.When 2002 came, the Fortress Investment Group commenced its credit business, which is concentrated on investing in assets that are undervalued which includes international illiquid and distressed assets.

The liquid markets that Fortress focuses on are equity markets, interest rate, and global currency.SoftBank, Fortress’s acquirer is a Japanese multi-technology company, and is ranked by Forbes as the 62nd biggest publicly traded firm across the globe. SoftBank is based in Tokyo and is engaged in the following businesses: telecommunications, semiconductor design, e-commerce, and broadband just to mention a few.With the procurement of Fortress Investment Group, its principals Peter Briger, Randal Nardone, and Wes Edens will continue to manage Fortress which will operate separately and independently from SoftBank.Randal Nardone and his co-principals will be given ample opportunity to manage the investment side of the business without the headaches of also overseeing the daily management of the office.

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