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.