Wes Edens is an investment guru who co-founded Fortress Investment Group in 1998. He is also a sports enthusiast who owns an e-sport team called the FlyQuest and a basketball team in the NBA league called Milwaukee Bucks. He partnered with entrepreneur Marc Larcy in 2014 to acquire Milwaukee Bucks for more than $500 million from its previous owner Herb Kohl. The Fortress Investment Group chairman resides in New York.
Forbes Magazine lists Edens among the top 400 wealthiest people with an approximated net worth of $2.5 billion. He accumulated most of his wealth from Fortress Investment Group’s initial public offering in 2007. Edens studied finance and business administration at the Oregon State University. The billionaire enjoys mountain climbing and horse jumping.
At Fortress Investment Group, Wes Edens is a co-principal and the head of private equity. His role as the Chief Investment officer has immensely contributed to the growth of the firm to become one of the leading global private equity firms. He is credited with helping the company recover after facing the subprime mortgage setback. Edens also advocated for the acquisition of Springleaf Financial Services which turned out to be one of Fortress’ best investments.
Employees of Fortress investment Group attest that the organization is one of the best places to work at in the United States. They say that this is because of the conducive work environment and work culture that the management of Wes Edens and his co-principals have established. The organization also pays good salaries. Although SoftBank acquired Fortress Investment Group in 2017, it continues to operate as an independent entity with Wes Edens and his two co-principals providing leadership because SoftBank was keen on maintaining the winning culture and values that the trio have established at Fortress.
Wes Edens has diverse experience in investment and finance. The finance executive started out at California Savings and Loans. He later moved at Lehman Brothers where he rose through the ranks to become a partner and managing director. Edens also worked at BlackRock Financial Investment and USB in management positions. All these stints gave him the necessary experience to start his financial advisory business in 1998. Fortress’ Wes Edens on Brightline rail project