Rob Kauffman

Fortress Investment Holdings LLC

Rob Kauffman

Assets Under Management: $41.4 B
Net Worth: $1.8 B
Age: 54
Location: New York, NY
Education: Northeastern University 
 

Rob Kauffman: Winning the Race

Watching NASCAR racing can be exciting, and trading in the fast-paced financial markets can be equally breathtaking – especially if you’re winning.  Rob Kauffman has mastered both of these arenas, with a balance sheet to prove it.

Robert I. Kauffman, commonly known as “Rob,” was born on June 6, 1964 in Sharon, Connecticut.  Having received a B.S. in Business Administration from Northeastern University, Robert worked at Lehman Brothers from 1986 to 1994 and served as Executive Director of Lehman Brothers International in London beginning in 1992.

Next, Robert Kauffman held the position of Principal at BlackRock Financial Management Inc., after which he served as a Managing Director of UBS from May 1997 to May 1998.  After that, Robert co-founded private equity firm Fortress Investment Group LLC in 1998 with Wesley R. Edens and Randal Nardone.

Originally founded as a pure private equity firm in 1998, Fortress has transitioned into a highly diversified, global investment manager.  In fact, the firm has reported assets under management of $41.4 billion as of Q4 of 2018.  With 915 asset management employees, including 205 investment professionals, at their headquarters in New York and their affiliate offices around the globe, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private-equity, and permanent-capital investment strategies.

After his successful run with Fortress Investment Group, Rob Kauffman retired from this niche of investing in 2012.  However, this enabled Robert to concentrate on his other passion: the world of auto racing.  Mr. Kauffman’s enthusiasm for cars started early when he worked as an auto mechanic; years later, while at Fortress, he acquired 50% of Michael Waltrip Racing, a professional team that competes in NASCAR.

And Michael Waltrip hasn’t been Robert’s only racing-focused acquisition.  In October of 2007, Robert Kauffman purchased part ownership of Michael Waltrip Racing, a NASCAR Sprint Cup Series team.  Also, in July of 2015, Mr. Kauffman purchased a stake in Chip Ganassi Racing.

Mr. Kaufman also owns RK Motors, a sales and consignment company for classic and performance cars in Charlotte, North Carolina, where he resides.  Rob’s hangar in North Carolina houses a variety of classic cars, including Chevelles, Corvettes, Mustangs, and Road Runners.  These vehicles fetch a pretty penny: In 2013, RK Motors sold 400 cars for a total of $35 million.

But Rob Kauffman doesn’t just make acquisitions in auto racing; he also competes in sports car racing events.  In particular, Robert has competed in the 2011 and 2012 24 Hours of Le Mans, the 2012 and 2013 24 Hours of Daytona, and the Rolex Sports Car Series.

It’s the combination of passion and know-how that has made this financial whale a formidable force – indeed, a fascination with fast cars and a knack for turning a profit have made Rob Kauffman a winner in more races than one.
 

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