Wesley Robert Edens is an American private equity investor and co-owner of Fortress Investment Group. He is also the co-owner of a sports team, and owner of an eSports team. Wesley Robert Edens went to school at Oregon State University where he received a bachelor’s degree in Finance and Business Administration in 1984.
He then began his career at Lehman brothers where he served as both partner and managing director from 1987 to 1993. He then joined the BlackRock Financial Management. He worked here also as a partner and managing director till 1997.
After this, he worked for a number of corporations at various top positions. These corporations include the Union bank of Switzerland, the Global Principal Finance Group, and Impac Finance Group among others. These positions would groom him for his role in Fortress. Mr. Wes Edens partnered with four others: Peter Briger Jr, Robert Kauffman, Randal Nardone and Michael Edward, to form Fortress Investment Group in 1998. This is a firm that invests primarily in real estate, health care, transport, financial services, infrastructure, and media.
This firm grew and on February 9, 2007, became the first company to goes public. By 2009, the firm had sold to the public an 8% share for 600 million dollars. Since then, the firm has continually made great progress by developing major projects in other countries. He is currently serves as the company’s Private Equity Chief Investment Officer, Principal and President of Private Equity. He is as well the Head of Private Equity and Co-chairman. He also played a major role when the company’s stock price fell after subprime mortgage crisis by offering subprime lending.
In 2014, Wes Edens and Mark Lasry partnered to purchase from Herb Kohl the Milwaukee Bucks, an NBA franchise that is based in Milwaukee, Wisconsin. Wes Edens also owns an eSport brand known as FlyQuest which he created on January 6, 2017. FlyQuest is a professional eSports League of Legends team that is based in the US. Wes is a self-made billionaire with a net worth of 1.6 billion dollars. He currently ranks #962 on the Forbes top billionaires list. According to BizJournals, Edens’ takes home a 54 million dollars pay, 41 million in dividends and 13 million in direct compensation.
Wes Edens has major expertise in the private equity finance sector as well as great experience in directing and business leadership. Therefore his successes are only likely to increase going forward.