Randal Nardone: Billionaire and Successful Co-Founder of Fortress Investment Group

Randal Nardone is a self-made billionaire, business tycoon and the co-founder of Fortress Investment Group. He currently ranks number 557 on Forbes’ list of the World’s Top Billionaires. There is a lot of say about Randal Nardone as much of his wealth came from his dedication, the pursuit of his passion and great leadership skills.

He is known as the Lawyer who became a businessman. He started working for Tacher Proffitt & Wood, and then went to work for BlackRock Financial and UBS. In 1998, he founded the Fortress Investment Group, of which he now serves as a Chief Operating Officer. Randal Nardone oversees the structure of finance and legal matters within the company. Through a public offering along with several personalities such as Peter Briger, Michael Novogratz, and Robert Kauffman, he was able to gain 53 million shares which are worth $1.6 billion.

The group was able to sell the minority of the interest to a Japanese firm called Nomura for $890 million in December of 2017, and Randal Nardone was able to accumulate another $100 million in payouts from 2005 until present.

Randal Nardone’s Background Experience

The self-made billionaire has proven his expertise in the financial and legal field. Several years before being a co-founder of Fortress Investment Group, he is also a trusted personality in many firms all over the country.

Some of his previous roles included: being the president and chairman of Springleaf Financial Holdings, LLC. Additionally, he also became the vice president and secretary of Newcastle Investment Holdings, LLC. Aside from handling many leadership roles, he also became the portfolio manager and secretary of RIC Coinvestment Fund, LP. He managed to maintain these previous roles and also became a secretary of the Newcastle Investment group from 2002 until he became the vice president of the same company in 2016. He also held administrative positions in companies such as UBS and IMPAC Commercial Holdings.

The Purchase of Fortress

SoftBank Group Corp. has announced that they are able to complete the acquisition of Fortress Investment Group for $3.3 billion. During the closing of transactions, all conditions were met and Fortress shareholders were satisfied with the decision since July 2017.

Randal Nardone along with his administrative colleagues in Fortress Investment Group will continue to lead during this transition period. Their company will still be based in New York, and he claims that this is a great decision for their company to be under the mergers and acquisitions agreement from SBG. He believes that the decision is vital for the company’s growth towards globalization and future success.

To know more visit @: www.fortress.com/about

Randal Nardone: Billionaire and Successful Co-Founder of Fortress Investment Group

Get to Know Eric Lefkofsky

Eric Lefkofsky, a successful entrepreneur and philanthropist, is from Detroit, Michigan. Lefkofsky graduated from University of Michigan, earning both a Bachelors of Art, and later a Juris Doctor. Striving to reach high educational measures, Eric Lefkofsky graduated with honors, and brought his hard-working attitude with him during future endeavors. Eric Lefkofsky is known for his work at Tempus, which he is both the co-founder and CEO of. Tempus is a company with a humanitarian cause, as it allows doctors to give unique care to those battling cancer; in fact, Tempus is considered a technological company, allowing it to reach a wide variety of people from different areas of the world.

The main goal of Eric Lefkofsky was not just to create a company, but to spread his knowledge and expertise in efforts to help the people he shares this world with. In attempts to do so, Eric and his wife, Elizabeth Lefkofsky, started a trust fund for charity, which is known as the Lefkofsky Foundation. Specifically, this charitable trust was made to help those who want to help children, as the trust grants funds to people who are providing services of charity, scientific exploration, and education. The Lefkofsky has reached and helped many, as they have given to over 50 organizations thus far and read full article.

The Lefkofsky organization is not the only way Eric and Elizabeth Lefkofsky chose to give back. The married couple also chose to join the The Giving Pledge, which was founded by Bill Gates and Warren Buffet in attempts to achieve philanthropic behavior of the wealthy. Eric Lefkofksy believes in the value of education, and he even chose to teach at colleges in Chicago. Not only does Eric Lofkofsky teach in order to better his community, but he also is on the board of directors at Chicago’s Children’s Memorial Hospital, The Art Institute of Chicago, and The Museum of Science and Industry.

Eric Lefkofsky’s entrepreneurship skills are continuing to have positive impacts, as he is also a co-founder of Groupon, Echo Global Logistics, and Lightbank. He also contributes his co-founding abilities towards InnerWorkings and Mediaocean. With Eric Lefkofsky’s humanitarian attitude and successful business ventures, the sky is the limit for his endeavors and goals.

Get to Know Eric Lefkofsky

Leader In Financial Services

Professional banking is one of those services that you just can’t live without now days. These financial centers helps people to grow their wealth, store their wealth, as well as to keep their wealth safe. The world would literally shut down without the banking industry and crime would be extremely much higher. NexBank of one of the top regional banks in the country and it has grown into a powerhouse over the past decades. Unlike most regional styled banks that only offer a few services, NexBank stands out thanks to it’s ability to provide many of the same services as the national banks.

Though this financial institution specializes in mortgage, investment, and commercial banking, it offers many other top services to help the customer stay on top of his/her game. These services include treasury management, public funds, real estate advisory, online banking, mobile banking, credit services, agency services, certificate of deposits, checking/savings account, and many more. Serving the customers is NexBank’s motto and they’ve been doing it pretty well over the years. The bank has an estimated $4.6 Billion in assets, which is a 71% increase over the previous year. The numbers are astounding in how fast this financial institution has grown.

On top of those numbers, NexBank’s progressive approach has caused it to raise well over $200 Million in equity and depth within the past year. No other regional banking center are pulling these types of numbers. CEO John Holt and the Executive Management Team is doing a fantastic job in the board room. This superior team of excellence has brought in some of the very best leadership, focus, passion, and capabilities, which has transferred into a major player on the banking scene.

 

Leader In Financial Services