In 1998, three investors came together to start a company that they called Fortress Investment Group. They were Randal Nardone, Wes Edens, and Robb Kauffman. The three had been friends since their days in college, and so, they envisaged the creation of a company that would provide asset management services. When the organization officially started working, Randal took over the position of Principal. He was in charge of many operations and therefore, his contribution was going to be a significant factor in the success of the company. Today, the company is one of the largest alternative asset managers in the world.
Coming up with policies and strategies
Because the company was starting, Randal Nardone was part of the team that would come up with policies and strategies that determine how it would be run. His contribution resulted in the formulation of a working model that made the company stand out from its competitors. Within a few years, they were already making forays into unchartered markets. In addition to that, they came up with innovative solutions that positioned them as the company of the future. It is because of this approach that they received an influx of customers that led to its exponential growth and more
After their success in the initial stages, Fortress Investment Group decided to open up subsidiaries in various fields. Again, it was Randal Nardone who was at the front of establishing these entities. He made sure that every subsidiary served a specific group of customers. During their operations, they had identified the trends in demand, and so, they knew the customers needed more attention. Randal still manages many of these subsidiaries directly even though he still holds his position as the principal of the main company.
Looking at the work that Randal Nardone has done at Fortress Investment Group, there is no doubt that h has earned his place among the most successful people in the financial sector. It is because of this work that he has now joined the Forbes list of billionaires. He is a professional who has a great passion for his job and is always looking for better solutions to the challenges that the industry faces.