Randal Nardone is a University of Connecticut graduate with a BA in English and a BS in Biology. He also has a law degree from the School of Law at Boston University. Yet Nardone has left all of that behind and gone on to pursue a career in financial services. And he’s done very well for himself. The financial services company he co-founded in 1998, became the first large private equity firm in America’s history to be traded publicly when its IPO was held in 2007. Randal Nardone has also played a seminal role in the successful growth of companies in a wide range of industries.
When people hear that Randal Nardone is number 557 on the Forbes billionaires list, many think he was born with a silver spoon in his mouth. Nothing could be further from the truth. Nardone has worked long and hard to earn his $1.8 billion net worth. After working hard to become an executive committee member and partner at the law firm of Thacher Proffitt & Wood, he took a job at Blackrock Financial Management, then worked at UBS as managing director for a year. Then, in 1998, Randal Nardone took the step that would make him a billionaire. He worked with Wesley A. Edens and Robert Kauffman to co-founded Fortress Investment Group.
Since then, the resume of Randal Nardone is packed with names of the many companies with which he held directorial, managerial or executive positions. Some of those companies are Newcastle Investment Holdings, New Media Investment Group, Florida East Coast Holdings Corporation, Brookdale Senior Living Incorporated, SeaCube Container Leasing Ltd., IMPAC Commercial Holdings Incorporated and RIC Coinvestment Fund. Nardone has also worked with the Fortress Investment subsidiaries like Springleaf Financial Holdings, Fortress Transportation and Infrastructure Investors LLC and Fortress Registered Investment Trust.
It has taken Randal Nardone about 30 years of hard work to develop the level of expertise he has when it comes to investing, management and financial services. And he has made a mark in all the companies with he has worked. He has taught his subordinates skills and shared knowledge born of his years of experience with them. Although he now has a wife and child, Randal Nardone continues to do his best to ensure that the companies with which he works are benefitting fully from his time, talent, training and experience. Randal Nardone is clearly earning his billion dollars.
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