Meet Fortress Investment’s Force of Innovation—Wes Edens
Wes Edens is a co-founder and the Chairman of Fortress Investment Group. The prosperous entrepreneur is also the owner of Milwaukee Bucks and a partner at the National Basketball Association franchise located in Wisconsin. Because of his commitment to steer development in Fortress Investment, the co-founder has become increasingly famous as the company experienced growth each year.
Wes Edens’ career at Fortress Investment
After years of turmoil with different with several development companies like Infrastructure Investors LLC and BlackRock Investors, Edens took a turn in 1998 to co-found Fortress Investment Group with other partners including Peter Briger, Michael Edward, Robert Kauffman, and Nardone Randal. He has since then been praised for the remarkable investment strategies that the company has shown since its establishment. The founders knew that many Americans require investment advisory services, and so they decided to expand the company across America. To keep their customer base, Edens and his team ensure that consumers’ needs are met and the employees and paid satisfactorily to foster productivity.
Achievement of the company
Under the leadership of Wes Edens as the company Chairman, Fortress Investment Group has witnessed tremendous growth. In 2007, the company became the first private investment company to trade publicly in the world through initial public offering (IPO). Since then it has become the leading company that majors in the alternative asset management. In 2009, the company sold its 8% share to the public at the cost of $600 million in which several assets like traded investment vehicles and private equity were sold. Nomura Holdings had also acquired 15% share of the company for about $888 million. Because of this purchase as well as the previous ones, Edens and the other founders became mega billionaires. Mr. Edens has held several operations which resulted in the company’s growth including the purchase of Springleaf Financial Services. In 2017, the Japanese Softbank Group Corporation purchased part of Fortress at $140 million because of the company’s high stock prices.
About Wes Edens
Edens graduated from the Oregon State University in 1984 with a degree in Business Administration and Finance. After his studies, he joined the Lehman Brothers where he served the company up to 1993. He then moved to BlackRock Investors where he became the Managing Director and oversaw all roles in the investment department. Because of his dedication and hard work, Wes Edens continues to make remarkable progress in the investment world.
Randal Nardone is the principal and co-founder of Fortress Investment Group LLC, a global investment firm worth over $ 36.1 billion. Fortress Investment Group was launched in 1998, and Randal has been one of the top rated executives of the company. He has held different leadership positions of the firm and has been a pivotal contributor to the success of the business. Randal Nardone holds pride in education; he attended the University of Connecticut where he studied English and biology. He, later on, joined the Boston University School of law for his jurisdiction degree. Nardone is an expert in legal matters and has been in charge of the of the company’s legal issues since its existence.
Randal secured his first job as a novice lawyer. He worked at Thatcher Proffitt & Wood law firms as a partner and an executive committee. He joined the Blackrock Financial management, where he also served as the principal of the firm. Before establishing Fortress Investment Group, he worked as a managing director of the Swiss Bank giant USB. Randal has a reputable career journey, and through his law and financial skills, he has made Fortress Investment Group one of the leading companies in the financial sector. In 2014, the company was honored to be presented with the Management of the Year award and was also recognized as the Hedge Fund Manager of the year in 2007. Randal was ranked as the number 557th billionaire worldwide with a net worth of 1.8 billion dollars by the Forbes.
Randal Nardone has created a perfect working environment for the Fortress Investment Group employees. The management team is friendly, and the employees enjoy excellent benefits like monetary rewards for long working hours. In 2017, Soft bank, a multinational conglomerate holding company in Tokyo Japan made announcements of its interest to acquire Fortress Investment Group. The Acquisition will be beneficial to the United States economy and will also increase job opportunities in the nation.Mr. Nardone and other co-founders of the Fortress Investment agreed to the merger and will continue leading the company under the Softbank. The founders have also decided to vote 34.99% shares of the Fortress shares in favor of the transaction. Randal Nardone also serves a board of director for numerous companies including the SeaCube Container Leasing, the Springleaf Holdings and the Aircastle limited. Randal has also been a board member of the prestigious companies like the New Residential Investment Corp and the Eurocastle investment limited.
Wes Edens is Fortress Group of Investment Co-Founder and serves as Principal, Chief Officer for Investments in Private Equity, Private Equity President, Co-Chairman and Private Equity Head from 2009 August. Edens works as Executive Co-chief Officer in the organization since 2017 December. Mr. Edens is in charge of publicly traded and private equity investment alternative businesses. At some time he operated as Executive Chief Officer at Fortress Group of Investments from 1998-2003. Edens graduated from the University of Oregon with Bachelor’s degree in Business Administration and Science Finance. Mr. Edens has immense credit, management, and private finance equity expertise. Wes Edens is Milwaukee Bucks Co-Owner. In between 2002-2007, he worked as Executive Chief Officer for Investment Holdings in Newcastle. Wes operated in Eurocastle Investment as Executive Chief Officer. While at Global Signal he worked as the President from 2005 December and Executive Chief Officer since 2002 October. In Capstead Mortgage Edens operated as its President and Executive Chief Officer between 2000-2003. At Impac Holdings he was Executive Chief Officer since 1999-2000. Wes was Manager of Global Finance Principal Group. In Switzerland’s Union Bank he was the Managing Director from 1997 to 1998.
Wes Edens acted as Managing Director and Partner in BlackRock Management from 1993-1997. At Lehman Brothers, he operated as Managing Director and Partner between 1987-1993. In Drive Shack, Wes was Director and Chairman since 2002 June. In Fortress Corporation of Credit, he was Principal and Co-Chairman. At Senior Group of Investment, he acts as the Chairman and also Mapeley’s Chairman from 2005 May. Edens serves in East Coast Florida Corporation as the Chairman. 2007-2017 Edens worked as East Coast Florida Railway as the Chairman. He has been New Media Group of Investments from 2013 November. Wes Edens worked as Eurocastle’s Director from 2002 to 2007. In Intrawest Resorts he operated as the chairman from 2014. In 2011 September Edens was Chairman of OneMain Holdings.
Since 2011 September was Springleaf Finance’s Chairman and also Fortress Infrastructure and Transportation Chairman from 2015 to 2016. He was once New Residential Chairman since 2013 April to 2016 May. Edens worked as Nationstar Mortgage Director and Chairman from 2012 to 2016. He operated as Director and Chairman of SeaCube Ltd from 2007 June. In Aircastle Wes Edens was a Chairman from 2004 October to 2012 August and served as Director from 2004 October to 2012 August. Wes was Director and Chairman of Rail America since 2006 November up to 2012 October. He worked as Whistler Blackcomb Director and from October to November 2012. Previously he worked as Pinnacle Holdings Director. Edens graduated from the University of Oregon with Bachelor’s degree in Business Administration and Science Finance. Mr. Edens has immense credit, management, and private finance equity expertise.
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