Wes Edens is an American equity investor and successful businessman. Also, Wes Edens owns a sports team and has been involved in co-founding different companies that have received so many achievements since their establishment. The investor got Edens’s education from the University of Oregon, where he received B.S in finance and business administration.
Through his work, he has shown great dedication in every investment that he makes, and he works well with his team of employees which has demonstrated excellent leadership skills. The above traits have been of help in him accomplishing the best. The significant contribution that Wes has received in the business sector has been well recognized. Recently, at the New York Times magazine, he received accreditation for his achievements.
The career journey for Wes Edens started in the 1980’s being an administrative director at the Lehman Brothers firm. Later, he got employment at the BlackRock’s firm that was before him taking on the role at the Fortress Group. From the beginning of his career, he has always been diverse; besides his involvement in the entrepreneurial firm he has launched a different sports team that has received nothing but success all over the world. One of the teams that he owns is the National Basketball Association (NBA). Wes Edens still owns other teams like the Milwaukee Bucks and many other.
He is pleased because of all the achievement that the teams have accomplished. Always he will strive to motivate the teams to put more effort so that they can achieve the set goals. The other thing that he likes doing is nurturing the young people’s talents, and he will always set time aside in his busy schedule to assist the young people in discovering their hidden talents. Because of the motivation that he gives his team member, he has seen them achieve success in becoming the world’s stars. The reason why they are motivated even to work harder.
At the Fortress Group, he is the co-founder, and besides that, he has always aimed to offer the company with the best. Recently, the company purchased the Milwaukee Bucks for $550 million. He looks forward to growing the team to become one of the best in the world.
Fortress Investment Group is amongst the top investment management firms in the world with the revenue of over a billion annually, and more than $70 billion in asset under management. The primary focus of Fortress Investment Group is high net worth individuals and multi-national corporations. Recently, Fortress Investment Group was taken over by another financial giant, Softbank Group from Japan. The acquisition was marked as complete recently by KPMG and Goldman Sachs, who were overseeing the acquisition. As per the transaction details, Fortress Investment Group is now completely owned by Softbank but would be functioning independently for the time being.
Fortress Investment Group started off as a private equity firm when it was first founded but later divulged into providing other services as well, which included credit funds, private equity, hedge funds, mutual funds, and more. The services offered by Fortress Investment Group are catered to meet the demands of its clients are highly competitive in nature. The person behind the success of Fortress Investment Group is Wes Edens. He is one of the five co-founders of the company and currently holds the position of the President of the company. With the help of his expertise, the company has grown profoundly and is always looking for opportunities to grow his business. He earned his graduate degree from the Oregon State University in Finance and Business Administration.
Soon after graduating, Wes Edens was appointed as the Managing Director at the Lehman Brothers. After working with the company for around six years, he joined BlackRock Asset Investor. He was able to gain knowledge on the investment market and conducted his own research to become an expert in the field. It was then that he decided to start his own company and created Fortress Investment Group in 1998 along with other partners. Wes Edens was the one who was responsible for taking the company public in 2007. Soon after, about 8% of the shares of the company were sold for around $600 million. He was responsible for the finances of the company, and it was due to its knowledge and skill that the company has managed to build an excellent reputation in the market. Wes Edens is also interested in sports and owns a number of different sports team including FlyQuest, National Basketball Association and also the Milwaukee Association. The FlyQuest is an online gaming team that participates in the League of Legends competition based in North America.