Fortress Investment Group is directly responsible for assets worth around $43 billion. The firm started out as a regular buyout entity, but with time and dedication, it would become a franchise in the financial world. It manages assets that include liquid equity, private equity firm, hedge funds, and bonds.
Wes Edens has been part and parcel of Fortress since its entry into the market. Apart from being a co-founder, he is a co-chief executive officer and also vice chairperson of the board of directors. Fortress Investment Group has been operational for over two decades now and has made significant and profitable steps in the financial industry. It has been part of various capital projects not only in the United States but also around the world. Just the other day, the company made headlines by becoming the recent company to venture into liquefied natural gas primarily in Jamaica.
Armed with a degree in Finance from Oregon State University, Wes Edens was quick to join the corporate world. He enjoyed brief stints at Smith Barney, Merrill Lynch, and California Savings and Loans before joining and settling at Lehman Brothers. He started in the mortgage trading department, but as fate would have it, Wes rose through the leadership ladder to finally become a partner and a director at the firm. After years of success at Lehman Brothers, Wes left to join BlackRock Inc. as director and partner of its subsidiary, Black Rock Financial Management. He would later lead a team in starting his premier private equity fund, BlackRock Assets Investors.
Fortress Investment Group was listed in the New York Stock Exchange in 2006, and in 2017, Wes Edens appeared in the Forbes list of billionaires. He is worth around $1.6 billion and holds position 962. While some of the other billionaires on the list can attribute their wealth from taking over family businesses, Wes has built his empire from nothing. With his partners Peter Briger and Randal Nardone, they have taken over the alternative investments industry and consequently made substantial profits. He is an avid sports fan, and apart from Fortress Investment, Wes co-owns the Milwaukee Bucks and owns FlyQuest, an e-sport franchise.
In addition to his two sports franchises, Wes Edens has partnered with Egyptian billionaire Nassef Sawiris to purchase a controlling stake of the English soccer team, Aston Villa. Under the company NSWE, the two invested around £39 million that translates to approximately a 55% stake in the football club.
Learn More : www.wesedens.com/