Randal Nardone: A Brilliant CEO of the Fortress Investment Group

Randal Nardone is a successful American businessman and investor. He is most well-known as one of the founders of the Fortress Investment Group. Randal Nardone, along with Peter L. Briger and Wesley R. Edens, established the company in 1998. The three businessmen were once colleagues at the BlackRock Asset Investments. One day, they decided to share ideas on how they could earn more profit. Pointing out that establishing a business is the only way for them to make more income, they decided to resign from the company that they were working for and build the business in 1998. Randal Nardone served as a principal officer in the company, but his role expanded after he took over as the chief executive officer. He also decided to build the company’s headquarters in New York City, so that the Wall Street and the New York Stock Exchange would be near their area of operation. Today, Randal Nardone is working hard to keep the company on top.

Before the establishment of the company in 2009, Randal Nardone has already displayed his will to have his own company. He read books about starting a business, and he learned that establishing financial companies are the best choice for newcomers, because it would help them earn more profit that can be used as their stepping stone. He also read that there is a rising trend in the market that favors businesses operating in the financial sector. Randal Nardone had to go to Goldman Sachs to do additional research, and once his points were proven, he encouraged his colleagues to join him in his plans of establishing a financial firm.

The Fortress Investment Group was created in 1998, and a decade later, they have infiltrated the New York Stock Exchange, and they were allowed to trade 8% of the company to the public. However, the traction of their growth was hampered by the global recession which has affected the country from 2008 to 2009. Randal Nardone looked for ways on how they can get over the slump, and they managed to get back on track in 2010. The current business value of the Fortress Investment Group is at $70 billion, and business experts are saying that the Fortress Investment Group would still grow past beyond their expectations because everything has fallen into place perfectly. Randal Nardone continues to impress his colleagues, showing that he can become a leader even in times where recession hits and more