Fortress cannot be mentioned without the name Wes Edens popping up. He was among The principals that build Fortress Investment Group and has been at its forefront and pilot seat ever since.Even after its sale to Soft Bank Group, its management was retained and he was one of them. His style in investment has attracted comments from the likes of the catchy Wall Street Journal in 2007, which described it as “a knack for building businesses from investments, creative financing and based on contrarian bets”.He and the rest of the team led the company to become the first publicly traded largest investment firm in 2007, February 9. Edens and his partners became paper billionaires when Japanese financial holding company, Nomura Holdings bought15%of the company’s shares for $888 million.Ever since he and the other partners have broken into the billionaires’ lists by Forbes.
After the downturn of subprime mortgages of 2008, he became Co-Chairman of the Board of Directors and helped it bounce back by offering subprime lending. He had earlier served as the Chief Executive Officer from 1998 to 2003. He currently holds the position of a Principal and Co-Chairman.The alumnus of Oregon State University graduated with a B.B. in Finance and Business Administration in 1984.Wes Edens career kick-started at Lehman Brothers in 1987 taking up roles of partner and Managing Director. He later went to BlackRock Asset Investors a division of BlackRock’s Private equity where he was also a partner and Managing Director.He worked here until 1997 and went on to form Fortress in 1998. He currently serves on three other boards including Nationstar Mortgage Holdings where he is the chairman, New Senior Investment Group, also board chairman and Springleaf Holdings where he is a board member.
Wes Edens is also known for being the Co-Owner of the Milwaukee Bucks. He and Marc Lasry Purchased it in 2014 to form Herb Kohl at a price tag of $550 million. This came with a promise to let the team remain in Wisconsin and building it a new arena.Moreover, Wes Edens has led Fortress to venture into esports, launching a franchise in that line called FlyQuest. It aims at assembling a number of teams in order to compete across a range of popular esports games and global competitions. All this flying under the FlyQuest Brand. All this hard work and input earned him a ranking from Forbes where he is number 297 on the 2007 billionaire list of the Richest Americans. This kind of dedication has earned dedication and credibility even from Fortress’ employees who think of the working environment as conducive, learning-friendly, thoughtful and that the organizational structure is great!