Wes Edens is an accomplished businessman and investor with a lot of successes in private equity investing and subprime lending. He owns many profitable high-end businesses and is also a co-founder, principal, and co-chairman of Fortress Investment Group. A management group with over $43 billion worth of assets under their management. His primary areas of engagement are on private equity and hedge funds. Edens and his founding partners started Fortress as a small entity in private equity but later expanded to manage hedge funds, liquid equity, and real estate.
Wall Street Journal has regarded Wes Eden’s style of investment as creative because of his ability to finance wisely and birth new businesses out of investments. Under his management Fortress, Investment Group has experienced massive growth and success. They became the first private equity firm to become publicly traded on the New York Stock Exchange in 2007. Eden led in the acquisition of Springleaf Financial Services majority shares that gained to earn returns in over 27 times the initial investment. He took over as chairman of the company after the purchase.
Wes Edens holds a Bachelors Degree in Finance from Oregon State University. From school, he started in building his career in finance world at a California bank before moving on to other big companies. He worked for Lehman Brothers as a partner and eventually a managing director for six years. He later joined BlackRock Financial Management where he was also a managing director before leaving to form Fortress.
In 2017, Forbes ranked Wes Edens at number 962 with an approximate worth of $1.6B in their Forbes list of billionaires. He is a self-made billionaire whose wealth comes partly from salary and compensation from different fronts. Eden is a professional sports owner who co-owns the NBA’s Milwaukee Bucks and the League of Legends Team, FlyQuest. He has continued in investing in sports teams and recently in partnership with Nassef Sawiris; they have purchased the majority stake in English club Aston Villa. There is no doubt on Wes Edens prowess in business and was recently reviewed by Forbes for his bravery and innovation in growing companies.