Wes Edens is a private equity investor, sports team owner, successful American businessman, and the Founder and Chairman of Fortress Investment Group, which is one of the largest alternative asset managers in the world. He started out his career by making a decision to go to college, and he chose to attend Oregon State University where he earned a Bachelor’s Of Science Degree in Finance and Business Administration. After finishing up his education, he went to work with the Lehman Brothers in 1987 where he took on the responsibilities as the managing director and partner of the company. After working with the Lehman Brothers company for six years, he moved on and went to work for BlackRock and more specifically its private equity division known as BlackRock Asset Investors. He eventually became BlackRock’s managing director and a partner and worked with the company for four years.
In 1998, Wes Edens, along with five other principal partners, founded Fortress Investment Group. It was originally named Fortress Investments, and Edens quickly gained attention from the media as the Wall Street Journal commended him for his excellent and creative investment style. In 2007, Fortress Investment Group went public and was making millions of dollars for its investors and team members. Edens eventually took over as the Co-Chairman of the Board of Directors for the company when it fell into a slump, and he worked hard to help Fortress make a comeback by offering subprime lending. In 2017, Fortress Investment Group created an eSports gaming team they named FlyQuest, and Wes Edens was a large part of this. To this day, the eSports team competes in the League of Legends North American Championship Series.
In 2008, Wes Edens ranked #962 on Forbes list of billionaires, and his net worth was described as being around $1.2 billion. He has gone on to earn plenty more money after 2008 and is still listed near the top of billionaire lists. In 2014, he decided to purchase the Milwaukee Bucks from Herb Kohl, and his partner Marc Lasry and himself bought the team for $550 million. Part of their agreement was that they would keep the team in Wisconsin and construct a new arena so the team could move on from the BMO Harris Bradley Center. Wes Edens, now, enjoys spending time with his wife, Lynn, and their four children, and he looks forward to continuing his work as a team owner and businessman from the United States.