WES EDENS IN FINANCE AND MAKING FUTURISTIC INVESTMENTS
Wes Edens is a man who is known for making investments most notably the Fortress Investment Group. He, alongside Randal Nardone and Rob Kauffman, was responsible for the foundation of the investment giant, Fortress Group. The company was founded back in 1998. Under the leadership of Edens and his co-principals, Fortress Investment Group experienced tremendous growth during its first decade of existence becoming a trendsetter for other companies that are focused on investments. Within the first five years, the company had grown the assets it was managing to an estimated $3.9 billion from the initial $400 million.
A decade after its inception, Fortress Investment Group had over $32 billion worth of assets under its wing. Wes is responsible for the Private Equity Division of Fortress Group. The group’s primary focus of investment is on asset acquisition. The money that the company has put in these investments led up to the IPO of 2007 that saw Fortress Investment Group become a publicly traded company.
The experience that Edens had previously acquired from his experience as a partner and managing director for Blackrock and Lehman Brothers became crucial for the success of Fortress Group. As an alumnus of Oregon State University, Wes Edens has been able to identify investment opportunities and seized them at the right time. An instance of Wes Edens’s ability to make smart investments is the one he and Nassef Sawiris made on the football club Aston Villa. The duo acquired 55% stake of the football club thus gaining the upper hand in the club’s activities. Edens and Sawiris have gone to watch the team play, and the two decided that they were going to keep the team intact with hopes of seeing improvements in the future.
Wes has a passion for sports, a fact that is evident in the investments he has made in the industry over the years. He co-owns the Milwaukee Bucks, an NBA franchise that is based in Milwaukee, Wisconsin. In addition to that, Wes Edens also owns FlyQuest, a team in the League of Legends.
Such, are the investments that are responsible for the success of Wes Edens. His investments have even put him in the Forbes Billionaires list with an estimated $1.6 billion net worth.