FIG: Randal Nardone’s Biggest Achievement So Far

There is no doubt, Randal Nardone is a billionaire and that is why his name will always ring a bell. He became very popular when he founded Fortress Investment Group with two other business tycoons. Right now, he is number 557 on 2018 Forbes’ list of billionaires. In fact, it will take a dossier to give account of Mr. Nardone’s achievements but this article just highlights his career.It is clear that Randal Nardone rose to the top of business ladder with great leadership skills, passion, dedication, and being always ready to mentor people. This is why most of his employees love him. They said he believes in regular training and he is always ready to put employees through on any issue. Probably that is why Fortress Investment Group never jokes with employee training.

One fact that stands him out is the fact that, he started off as a lawyer. Earlier in his career, he worked for Tacher Proffitt and then he moved to BlackRock Financial and later, UBS. After gathering enough experience in the companies, he established Fortress Investment Group in 1998.Nardone is currently the Chief Operating Officer of the company. His major duty is to oversee legal matters and the structure of finance. With the efforts of some other business moguls like Robert Kauffman, Michael Novogratz, and Peter Briger, Randal Nardone was able to gain 53 million shares with the estimated total value of $1.6 billion.Another notable achievement of Nardone that is worthy of mention is being able to sell some interest to Nomura, a Japanese company for $890 million in December, 2017. In short, Mr. Randal Nardone has been able to accumulate about $100 million since 2005.

Right now he has an executive position in several notable organizations, he is a member of several boards, and he is affiliated to many organizations. But funny enough, nothing about his academic background really explains where he got his business acumen from. He got a degree in Law from Boston University School of Law and another degree in Biology from University of Connecticut.On July 2017, SoftBank Group Corp initiated plans to buy off major shares in Fortress Investment Group for $3.3 billion. All FIG shareholders were happy and satisfied with the decision. From all indications, the acquisition has paid off. Both parties are happy with decision.Even after sealing the deal, Nardone will still be at the helm of affairs and the company will still be based in New York. Mr. Nardone personally believes that it is a step in the right direction for FIG to be under acquisition. He said it will move the company towards globalization.

The Addition of Peter Briger to Fortress Investment Group

Peter Briger joined the Fortress Investment Group Team in 2002. He is a Principal and Co-Chief Executive Officer at Fortress Investment Group, a highly diverse investment group based in New York City. Briger has also served on the board of directors since 2006. His current responsibility consists of a part of Fortress that he created himself, the Fortress Credit Business, as well as the real estate portion of the company. Briger effectively manages a team that consists of over 300 individuals. He, along with his team, concentrates on undervalued assets and distressed and illiquid credit investments. Briger is also credited with making Fortress one of the first alternative investment companies in the United States to go public.

Additionally, Peter Briger serves on the board of a non-profit organization called Tipping Point; an organization who is focused on helping the 1.3 million people in the Bay Area who do not have the financial means to support their basic needs. He also serves on the board of Caliber Schools, a group of charter schools with the goal of preparing their students for success at four-year college.Outside of his work, Briger is involved in a number of philanthropic endeavors. He is on the Silicon Valley Leadership Council for the Global Fund for Children, a worthy organization who works to ensure all children in the world are safe, strong, and valued. He is also a member of the Council on Foreign Relations; this organization promotes a greater understanding of foreign policy.

In addition to these great causes, Briger has invested more than $600 million to aid in maintaining and conserving the Central Park.Peter Briger earned a bachelor’s degree from Princeton University and continued on to earn a Master of Business at the Wharton School of Business at the University of Pennsylvania. Before joining the Fortress team, Briger worked for Goldman, Sachs & Co, where he served in a number of operational, management, and leadership roles. He became a partner with the company in 1996. Briger’s various roles at Goldman, Sachs & Co gave him vast knowledge in foreign investments, distressed debt, real estate, loans, and trading.

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