Wes Edens is a known entrepreneur who owns a sports team and an investor in private equity. He has a bachelor’s degree in business administration and finance from Oregon state university. He previously worked at Lehman Brothers as a managing director and a partner before joining BlackRock investment management company. He is one of the founders of Fortress Investment company which comprises of five principals. He has been part of Fortress since 1998 beside his interest in property ownership. Fortress Investment Group is a leading investment management firm and has worked with several other companies which give financial management services such as Springleaf company, National star mortgage, Intrawest and New Media Investment. Being a parent to these institutions makes the company stand out in the competitive financial services industry.
Wes Edens has been the co-chairman at the Fortress board of directors from 2009. Fortress Investment company is a firm which manages assets on behalf of investors it also deals with private equity where he is interested in. He played a unique role in the acquisition of Springleaf financial services which Fortress acquired eighty percent of it in the year 2010. This was when he emerged in the papers as a leading lender; he has been the Chairman of the institution since then. He is also in charge of Nation Star Mortgage which is a leading mortgage lender to homeowners. The firm was acquired in 2006 by Fortress Investment Group. While at Fortress Transportation and Infrastructure Investors company he served as the Chairman from 2015 to 2016.
Wes Edens is one of the highest paid executives in the country. He takes home over fifty million dollars annually for the total compensation and dividends which is worth forty-one million dollars. Forbes magazine stated that Wes Edens is worth two and half billion dollars. He was ranked position 369 Forbes 2007 edition, and in 2008 they were position 962 with fellow principals at Fortress Investment Group; Peter Briger and Michael Novogratz. Besides that, Wes owns a basketball team with Larry, a fellow billionaire executive. The own Milwaukee Bucks of National Basketball Association. They acquired the team for five hundred and fifty million of dollars and set to change basketball scene given that they are basketball lovers with their daughters being basketball players. He also has shares worth millions of dollars at Fortress which manages lots of assets worth millions for its clients.
A milestone to Wes Edens entrepreneurship happened in 2017. Its sports team joined e-sports as part of its ventures. The Bucks as there are commonly referred to change its way of doing things using technology. Being part of the NBA teams recognized in the video game was a great achievement to its branding. The esports team is known as Fly quest. The involvement of the team in North American League of Legends Championship meant a great deal being in the championship series is always a good thing for the sports teams. This development, therefore, attracted lots of attention from video games fans.
Learn More: www.nba.com/bucks/bio-wesley-r-edens