The world of investment is full of uncertainty, replete with unforeseen challenges and is not for the faint-hearted. Furthermore, the payoff in investment could be really big, but only if you do it right. The potential losses you get could be astoundingly ominous, and so you have to be careful with where you put your trust and what asset managers you hire. Fortunately, there are people like Randal Nardone, CEO, and Co-founder of Fortress Investment Group, that can make things happen and deliver the investment promises that they offer in their firms.
The Net Worth
It should be noted that in 2007, Randal Nardone had been ranked No. 557 in the Forbes’ Billionaire’s list, and that rank is what’s keeping him one of the most successful billionaires that have stepped on the world of investment. There are many reasons why he was able to pull off such success. For instance, the educational background he has at the University of Connecticut could have been formative in how he was able to pull off his success later on. Without his stint at Thacher Proffitt and Wood, he might not have been able to deliver the needed service required of him to be on the Forbes List. It also helps to know that Randal Nardone is based in New York, which is an important factor in getting the most business-conducive ideas for one’s company and for making sure that the business he implements are already applied to practice, and not just on academics and theory.
The Roles He Plays
Randal Nardone plays at least two major parts in the growth of Fortress Investment. The first one is through his work as the company’s co-founder, and the second one, being its CEO. For this reason, he is responsible for the entire general operations of the company, including making the right connections to establish Fortress Investment to where it should be in the years to come.On the one hand, this makes Randal one of the most passionate and impressive leaders because you can’t do this kind of job well if you don’t want to clock in as many hours as needed to reach your goal.Being part of 4 board of directors also allows him to play advisory roles, where he can practice his ideas on areas of business that are not directly related to his. Two of these boards include Brookdale Senior Living and Springleaf Holdings.