How did he become successful?
It wasn’t by following the traditional standards of reaching success.
- going to college
- getting into debt
- getting a degree
- trying to find a career in your field
- trying to juggle a mortgage, credit card debt, student loan debt, kids’ college tuition, vacations and everything else while still trying to save enough to retire in your golden years
Randal Nardone didn’t follow this approach to wealth. He did attend the University of Connecticut, but the Bachelors Degree in Science that he received has nothing to do with the field that has made him a beacon of success. Nardone and two other men, Wes Edens and Rob Kauffman started Fortress Investment Group.
Investments is what earned Randal Nardone a fortune and it is what is continuing to grow his fortune. Nardone currently has 53 million shares and a net worth of 1.8 billion dollars. Most college graduates don’t see this kind of money, but sometimes you have to take an alternative route and stray from what’s common if you want to reach a goal.
Fortress Investment Group is all about straying from what’s common and finding new ways of succeeding. Kauffman, Edens, and Nardone started the company to be different from others, to offer clients a different investment strategy.
The men called their strategy an “alternative asset” strategy.
Doing things differently than most has worked in the favor of Randal Nardone and his colleagues because the three were able to grow their $400 million investment into $3.9 billion in simply under five years. Fortress Investment Group has continued to see rapid success at the leadership of Nardone, Edens, and now Peter Briger. Briger replaced Kauffman as one of the company’s three principals when Kauffman decided that it was time for him to retire.
Some people build a company and remain with that company long enough for them to earn the money that they need to accomplish larger dreams. In Kauffman’s case, a larger dream to be reached was driving racing cars. He is currently living this dream and has even created his own racing team and has invested in other teams. This is what Fortress Investment Group is all about: to be a way for people to grow their money so that they can reach their ultimate dreams.