Wesley Robert Edens or simply Wes Edens is one of the most recognized names in the business world today. He is a private equity investor and also has his own sports team in the NBA. Aside from being one of the owners of the Milwaukee Bucks, he is also one of the founders of the top US financial company, the Fortress Investment Group. Wes Edens took up Bachelor of Science in Finance and Business Administration in the Oregon State University in 1984. After that, he ventured into various roles in the business world, namely at the Nationstar Mortgage Holdings and the New Senior Investment Group. In both firms, he started working as the Chairman of the Board. In 2010, he became a Board Member of the Springleaf Holdings.Among his past jobs included becoming a partner and managing director at BlackRock, which started in 1993 and ended in 1997. Before that, he was also a partner and managing director at Lehman Brothers, which concluded in 1993.
However, his most notable job is becoming one of the founders of the Fortress Investment Group, which was formed in 1998.Wes Edens worked as one of the principal partners of the Fortress Investment Group, along with Randal Nardone and Peter Briger Jr. among others. With their combined efforts, they established the company before the end of the 90s era. According to the Wall Street Journal, Wes Edens has a unique style in investing in which it is based on contrarian bets. He has a creative method and a knack that allowed him to build his companies through investments successfully.
Fortress was later to be traded in a buyout, which made it the first one to have the details of the procedure in public.It was in 2007 when the company was up for initial offers of almost 10% of its shares to the public, and the sale was completed in 2009. It turned the leaders of the firm into millionaires when it sold for $600 million. The assets of Fortress under the management involved both publicly traded ones and those that come from private equities. Just recently, a Japanese company acquired Fortress for a total of $3.3 billion. However, some sources state that the management from the inside remains the same. Wes Edens still holds one of the most critical positions in the company. After the acquisition, Fortress will operate as its own business under the Softbank Group.