Wes Edens is an established private equity investor. He attended the Oregon State University and later graduated with a bachelor’s in Finance in the year 1984. He kicked off his career at Lehman Brothers where he served as a partner.
He then moved to BlackRock and worked as its Managing Director and partner in the private equity department.
He began the large business, Fortress Investment Group. He co-founded the firm with Robert Kauffman, Randal Nardone and Michael Edward with $400 million in capital investment. The group is a private equity firm that specializes in asset management.
In the year 2009, he was elected the Chairman of the board of directors at Fortress.
Wes Edens later gained high expertise in private equity investment. He was thus appointed as the chief director in its equity department.
He experienced a long streak of success in the company. He helped the company acquire Springleaf Financial Services which is a subprime lender.
He confirmed the sell of his core business in January 2018. SoftBank Group Corporation based in Japan acquired the firm. The corporation bought Fortress at an astronomical cost of $3.3 billion.
It was however agreed that the firm’s headquarters would remain unmoved from New York City. Besides, Randal Nardone and Wes Edens retained their managerial roles.
Wes Edens is also an avid sports fan. In 2014, he entered a partnership with Marc Lasry to buy the Bucks basketball team. The duo acquired the club from Herb Kohl at $550 million. They contributed another $100 million to build a modern arena that would serve as the club’s home ground.
He also collaborated with billionaire Sawiris to purchase Aston Villa football club which is a championship tier club in England. The two acquired 55% stake of the club at $39 million. In a statement, he said that the focus was to make the squad stronger to make it a worthy competitor in its upcoming games.
Wes Edens is also the proud owner of the Brightline train rail system in South Florida. The train that moves at a speed of 135 mph has dramatically improved business operations in the area.