Fortress Investment Group co-chairman Randal Nardone has joined the list of billionaires due to his company’s profound success. How does he compare to some well-known billionaires, such as Rockefeller and Rothschild? Who is wealthier – Rockefeller, Rothschild or Randal Nardone?
It is not easy being #1. It means that your organization has something that no one else has. No other hedge fund had ever gone public before Randal Nardone’s Fortress Investment Group did it back in 2007.The Fortress Investment Group was able to buy up undervalued assets and remake them. Assets might be unified with similar assets to create a new company. Or, they might be merged into other entities.Randal Nardone was able to use his financial expertise to create a great deal of wealth for the Fortress investors. Previously, this wealth would have only adhered to a very few select principals. Now, any shareholder could benefit from the wisdom of the billionaire Randal Nardone.
Randal Nardone’s Fortress of Power
For some billionaires, their rank on the Forbes Billionaire’s List seems very accurate and definitive. You can find exact numbers for Bill Gates, Warren Buffet, Jeff Bezos and Randal Nardone. For example, Randal Nardone was #557 on Forbes’ 2007 Billionaire’s List.For those billionaires whose primary source of wealth is in one particular stock – Bill Gates in Microsoft, Warren Buffet in Berkshire Hathaway, Jeff Bezos in Amazon and Randal Nardone in the Fortress Investment Group – wealth calculation might be easier. For other billionaires, their wealth might be much more diversified.
Randal, Rockefeller & Rothschild
The Rockefellers originally made their wealth from Standard Oil; but over time, their holdings have become very diverse. They have media companies, centers, plazas and foundations named after them. Should all of the Rockefeller wealth be lumped together? The Rothschilds are bankers, but they also had multiple brothers who built up the family business. They tended to be very private and are still that way to this day. Some quip that JP Morgan was actually a lieutenant of the Rockefellers.So, based on the evidence at hand, the Rothschilds and Rockefellers are still way ahead of Randal Nardone. He has only one generation of billionaire wealth. If the Nardone relatives can spread throughout the world, then they might eventually be able to catch up to the Rockefellers and Rothschilds.
Source of the article : http://www.4-traders.com/business-leaders/Randal-Alan-Nardone-0031P8-E/biography/
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