Wes Edens, Chairman and co-Founder of Fortress Investment Group

Wesley Edens, also called Wes Edens is a sports team owner, businessman and a private equity investor. He was born in the year 1961, October 30th. Currently, he resides in New York together with his family. He has American nationality. Wesley Edens studied at the University of Oregon. He pursued and graduated with a bachelor’s of science in finance and Business Administration in the year 1984. Wesley Edens co-owns Milwaukee basketball located in Wisconsin. The entrepreneur co-owns the club with businessman Marc Lasry. The two businessmen bought the team from Herb Kohl. They purchased the basketball team at the cost of $550 million. The duo promised to keep the club at Wisconsin. Additionally, they promised to build the team a new Arena replacing the BMO Harris Bradley Center.

Edens also owns the League of Legends team FlyQuest. Wesley Edens never started his career immediately from the University. He went looking for a job at Lehman Brothers three years after campus. Edens was lucky to find one. He worked at the organization as a partner and managing director of the firm until the year 1993. Edens quit his role at the firm and went to another company. He got another job at Blackrocks. The firm was private equity. He remained in the institution until the year 1997 where he was a partner and a managing director. However, his time there was short-lived as he quit the job in the year 1997. Wesley Edens decided to pursue something else.Wesley Edens met the other four principals where they sat and came up with a very brilliant idea of establishing Fortress investment group. Wesley Eden’s management style was witnessed in a journal ‘The wall street’.

The journal described his creativity in financing and other dazzling ideas in business investments. Together with his principals, Michael Edward, Randal Nardone, Peter Briger and Robert Kauffman, they transformed the firm as the first private equity organization to become a publicly traded company. By the year 2009, the company had already sold 8% of its shares that went at the cost of $600 million. The investment firm assets under its management included both publicly traded alternative and private equity investment vehicles. Four hedge funds, real estate vehicles and fourteen private equity funds belonging to the organization went public. When a Japanese holding company bought 15% of Fortress for $888 million in December 2006, Wesley Edens together with his colleagues became instant paper billionaires. Wesley Edens has a low profile kind of life. At work, he relates so well to his employees. He is always cheerful.


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