Go Down in History: Randal Nardone, Fortress Investments

The 51 year old co-founder of Fortress Investments out of New York City is currently ranked number 557 on the Forbes list as of early 2018. His name is Randal Nardone and he acquired most of his wealth through the 53 million shares of Fortress Investment stock which he sold for a sum of 1.6 billion dollars in aggregate. Just last year alone, Randal Nardone earned an additional 100 million dollars on his own. But in addition to all of his success with Fortress, there were many successes and positions as a director on Boards of many companies beforehand. Some of the likes of these companies include UBS in 1998, Mapeley Limited, GAGFAH, SpringLeaf Finance, doBank, OneMain, New Media Investment Group, OneMain, a principal at Blackrock Financial, Infrastructure Investors, SeaCube Container Leasing, Alea Group Holdings Bermuda, Fortress Credit Corporation, and others.

Just recently in late 2017, Fortress Investments was acquired by Japanese investment firm SoftBank in an effort for SoftBank to become the largest fund in the world with an emphasis on artificial intelligence intelligence. SoftBank purchased Fortress Investments for a total of 3.3 billion dollars, and has spent even more on other companies such as arm Holdings plc comma in UK chip Processing Company that was purchased for a total of 32 billion dollars.

Additionally, SoftBank has even purchased the popular American mobile carrier Sprint (in 2013).Randal Nardone is currently the Chief Operating Officer of Fortress even after the acquisition, and in addition to his educational background, his time spent on other boards and at Fortress have served him well. Randal Nardone graduated from the University of Connecticut to get his Bachelors of Arts in English and Bio, and got his Juris Doctorate degree from Boston University: He is an intelligent man who will forever go down in history has the leader who brought private wealth to the public world.

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