Randal Nardone: The Powerhouse Behind Fortress Investment Group

Randal Nardone: The Powerhouse Behind Fortress Investment Group

Randal Alan Nardone, popularly known as Randy, J.D., is one of the co-founders of Fortress Investment Group LLC that came into being in 1998. Since inception two decades ago, Randal has served as a Principal and since 2013, he was appointed the Chief Executive Officer, a position he holds up to date. He was appointed to the company’s Board of Directors in 2006.

Prior to starting Fortress, Randal Nardone had gained considerable experience in the world of finance and he was eager to incorporate solutions to help his new venture flourish. He was the MD of UBS and a principal at BlackRock Financial Management, Inc.

Nardone’s reputation as a seasoned financialist precedes him everywhere he goes and his employees thrive under his leadership. Numerous companies have hired him to improve their financial situation and stay afloat amidst economic upheavals. Over the years, he and fellow finance guru Wes Edens have served big-name clients at Fortress Investment Group and of course, pulled big paychecks. Forbes ranked Randal Nardone as the 557th billionaire with a net worth of $1.8 billion which is an incredible feat.

Interestingly, Randal Nardone did not set out to work in finance. He was more inclined to the legal field and even obtained a law degree and masters from Boston University School of Law and the University of Connecticut respectively. He was a partner at Thacher Proffitt & Wood, a law firm, where he also served on the executive committee. Not before long, Randal came to a conclusion that legal and finance matters are interlinked and he subsequently changed his focus to corporate finance.

In 2017, Japan’s Softbank Corporation Group based acquired Fortress at a price of $3.3 billion with the goal of expanding its global footprint. This move was initiated and executed by SoftBank Vision Fund which is positioning itself to pioneer the next level of Information Revolution. Currently, Fortress Investment Group’s operations include Private Equity, Credit, and Permanent Capital Vehicles. In this new arrangement, Fortress operates independently within Softbank’s base in New York City. More so, the founding members; Wes Edens, Randy Nardone, and Peter Briger will continue their respective roles at Fortress.  Fortress Three Top Executives Split $44 Million Bonuses In 2015

 

Shervin Pishervar

Early life and experience of Shervin Pishevar

Shervin Pishevar was born in 1974, in Iran. He went for his high school studies in Montgomery Blair science and math magnet school. He researched on Magainin peptides as his science project. He majored in molecular biology and luckily received the presidential fellowship that helped him further his studies. He was a co-author of an article in the journal of the American medicine society. In Berkeley scientific, he served as the Editor-in-chief. From Berkeley School of public health, he graduated with a degree in health economics.

Shervin Pishevar career

Contrary to what he studied in the medical profession, Shervin Pishevar was passionate about becoming an entrepreneur. He founded WebOS at the age of 23. WebOS was the first company that created cross-browser for the internet. It led to the establishment of the web-based operational systems. Shervin Pishevar was a co-founder of Sege’s capital in 2001. It was a sprout of Vanderbilt University Technology Company. Additionally, he helped in managing 17 investments in small companies. In 2001, he was both the president and co-founder of lonside interactive. He was also the head of product and business sales and development.

Moreover, he is a co-founder of Hyper Office groupware suite and messaging, Social Gaming network in 2008 and was a spun out from the webs. In 2010, Shervar Pishervar became the chief application officer and was appointed in Mozilla Corporation as a GM. In 2011, he was the board advisor in Series B Uber Company. He worked as a close board of Fab, Warby Parker, and machine zone.

Awards and recognition of Shervin Pishevar

In 2016, He received a grant of Ellis IslandMedal of Honor. He was selected for an outstanding America by choice award which recognized natural American achievements.He was a keynote speaker at the summit of President Obama in the entrepreneur in Algeria.

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