Private equity investor and an accomplished American businessman, Wes Edens
Wes Edens is an established American born entrepreneur born in the year 1961. He grew up in Montana but currently resides in New York City with his wife Lynn and four children. He went to Capital High school after which he graduated to join Oregon State University.In the year 1984, he attained his Bachelor’s in Finance and Business Administration.After completing his university education, he started his career at a California loan and savings firm. In the year 1987, he moved to Lehman’s Brothers where he worked as a managing director and a partner. In 1993, he left Lehman for BlackRock and worked in the Asset Investors as a partner and an MD. He later left the firm in 1997.After working for a long time as a managing director, Wes Edens gained sufficient skills, and extensive leadership expertise to establish is own firm. In the year 1998, he co-founded Fortress Investment Group in partnership with Robert Kauffman and Randal Nardone.
Working at Fortress Investment Group, he specialized in private equity.In the year 2007, he enabled it to become the first large-scale firm to be traded out publicly. His style of leadership was extensively covered in The Wall Street Journal. The article included his witty ways of creating finance and building businesses from small investments.In the year 2007, Fortress’s assets under management increased to include publicly traded out and private equity assets. Wes Edens became a paper billionaire when the Japanese company, Nomura Holdings purchased 15% of the company.The Holding firm acquired the bit of Fortress at $900 million, and the dividends were shared amongst its principals. Wes Edens confirmed the sale of Fortress Investment Group in January 2018.
Japan’s SoftBank Group Corporation acquired the firm at $3.3 billion.In a five-year contract deal, it was agreed that the firm’s headquarters would remain in New York. Fortress also retained its chief principals. He is a great philanthropist who has donated much to society.His charity mainly benefits educational, art and health-related causes. He has released over $2.7 million to charity. Macalester College, GiveWell and Martha’s Vineyard Hospital are some of the primary beneficiaries of his philanthropic work.He is interested in sports, mountain climbing, and horse riding. He is renowned for his ownership of the Bucks basketball team. He purchased Wisconsin’s side in the year 2014 together with Marc Lasry at the cost of $550 million.