Randal Nardone began his working life at the New York City law firm Thacher Proffitt and Wood. Holding a Doctor of Juris Prudence from Boston University School of Law Nardone would become a partner at Thacher Proffitt and Wood before his career trajectory took a dramatic turn. After leaving the practice of law to go to work in the financial industry Randal Nardone joined the global investment management company Blackrock Financial. While at Blackrock he held the title of principal. Nardone left Blackrock to become a Managing Director at Union Bank of Switzerland (USB). He remained in the employ of USB from May of 1997 until May of 1998 the year he would co-found Fortress Investment Group.
Randal Nardone and partners Wesley Edens and Rob Kauffman launchedFortress Investment Group as a private equity firm. Over the course of 20 years, the company would grow into a diversified global investment firm with $43 billion in assets. Based in NYC Fortress currently has 1,750 investors and over 900 employees. Today Fortress Investment group belongs to Japan-based SoftBank. Since the acquisition that was announced in December of 2017 Fortress has continued to operate as an independent company with Randal Nardone retaining his position as principal and CEO. Nardone has expressed the belief that the acquisition will benefit Fortress by giving the company access to more sources of credit thus accelerating its growth.
Ranked in wealth as 557th among billionaires according to Forbes Magazine in addition to his duties at Fortress Nardone holds a variety of other posts. He is a director at the Brentwood Tennessee based elder care facility Brookdale Senior Living. With the residential real estate investment trust, New Residential Investment Corp Nardone serves as Executive Manager.Randal Nardone is Director of both Springleaf Holdings and Gagfah Group. The former deals in credit insurance, consumer lending, and other credit-related products. Gagfah Group owns residential units and manages properties for third parties.