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Fortress Investment Group Is One Of The Largest Investment Companies Founded By Randal Nardone

Fortress Investment Group, Founded By Randal Nardone

Founded By Randal Nardone

Randal Nardone is one of the top billionaires in the world for his role in the investment industry, specifically at Fortress Investment Group. Fortress Investment was started up in the United States back in 1998 by Randal Nardone two other entrepreneurs. The founders were looking for their own company, but they needed more capital in order to get it started so they worked together. Today, all of the executives out of Fortress Investment Group are billionaires, including Wes Edens, Randal Nardone, Peter Briger, and Rob Kauffman. With a net worth at around 2 billion dollars, Randal Nardone ranks in top 500 billionaires around the world, which is impressive when considering there are billions of people.

Fortress Investment Group is one of the largest investment firms in the US and they managed assets for thousands of different investors and companies around the globe. With leadership coming from Randal, Wes, and Peter, Fortress has managed to build up a portfolio of more than 40 billion dollars worth of assets under their control.

Randal is an accomplished academic as well with several degrees under his belt. First, Randal attended the University of Connecticut to earn his Bachelor’s in English and Biology. Later, Randal attended the Boston University School of Law to earn Juris Doctor degree, which is not an actual doctorate degree but rather a certification.

Softbank Corp purchased Fortress Investment Group in 2017, spending a whopping 3 billion dollars to purchase the alternative investment company. Luckily for Randal and many of the other executives at the company, Softbank left the management as is and is leaving operations as is. According to Randal Nardone, when a company is picked up by a larger corporation, they often impose new management or strategies, which would have been a mistake in the case of Fortress Investment Group given their excellent track record and executive management thus far.

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