Wes Edens is an investor and entrepreneur extraordinaire who is well respected in the financial industry. Known for converting many ideas into successful ventures, he rose to fame when he co-founded Fortress Investment Group in 1998. The firm started out as a private equity securities investor, but under his leadership, it grew to become a global investment management firm with a presence all over the world. Fortress made history in 2007 by becoming the first private equity firm to be listed in the New York Stock Exchange. Serving currently as a co-CEO and co-Chairman of the group, Edens has helped the group become an all-rounded financial provider in the industry.
One of the things Wes Edens is known for is his ability to invest in an unfavorable market environment and get substantial returns. The Wall Street Journal has described his investment style as creative and even named him, “New King of Subprime Lending.” This title came after Fortress bought a significant stake at Springfield Financial Services. The stake which was worth $124 million increased in value to $3.5 billion in a short period. Apart from his role at Fortress Wes Edens also serves as the chairman for Springfield Financial Services and Nationstar Mortgage. He also serves in some boards including Fortress.
Wes Edens is an ardent sports lover and has invested in sports teams. In 2014, he partnered with Marc Lasry to purchase Milwaukee Bucks for $500 million from Herb Kohl. The two have decided to keep the team in Wisconsin where they are planning to construct a bigger stadium. Recently he agreed with his fellow billionaire and business partner to buy an English football club, Aston Villa. The team which has experienced success in the past was relegated from the Premier League making a significant loss. The two believe that the club will restore its lost glory.
Prior to founding Fortress Edens worked in other financial companies where he honed his skills. He worked for BlackRock Financial Services and Lehman Brothers wherein both instances he rose to the position of managing director. Edens graduated with a degree in Finance and Business Administration from Oregon State University.