Wes Edens: A Successful Financial Businessman Investing in Different Industries

Wes Edens’ career in the financial industry began in 1987 as he worked for the Lehman Brothers, one of the top financial firms in America. He worked as their managing director until he decided to leave for the BlackRock Asset Investors. He stayed with the company until 1997, and when he left, he started a company called the Fortress Investment Group, along with other founders Rob Kauffman and Randal Nardone. The Fortress Investment Group was established in 1998, and with the help of his co-founders and two other principals – Peter Briger and Michael Edward – the company became one of the top private equity firms in the country.

In February 2007, the company went public, selling shares worth $600 million. About Wes Edens continued to support the company, holding executive positions and providing instructions and strategies on how they could stay relevant in the market. By the 2010s decade, the company received offers from different conglomerates, offering a huge amount of money to acquire the Fortress Investment Group. When the Japanese conglomerate called the Softbank Group offered more than $3 billion to buy the company, Wes Edens is one of those who negotiated with the terms. The principals of the Fortress Investment Group allowed for the acquisition to take place because they were promised that they will retain their positions. The partnership with the Softbank Group ended up positively, as it opened new doors for the company and its principals.

Aside from his position at the Fortress Investment Group, Wes Edens is also focusing on his other ventures, especially in sports. He owns the franchise for the Milwaukee Bucks, and recently, he built a stadium for his NBA team. He is also handling a football team which he recently bought, as well as an e-sports team playing the highly popular “League of Legends” title. Wes Edens continues in investing with different sectors, and one of his recent investments revolve on the creation of a rail transport line in Florida called Brightline. According to him, it will decongest the number of cars plying through southern Florida, and it will offer an alternative mass transport experience for the public.

Learn more: https://informationcradle.com/usa/wes-edens/