The All-Rounded Business Mogul, Wes Edens

The All-Rounded Business Mogul, Wes Edens

With a Bachelor’s of Science degree in Finance and Business administration from the University of the State of Oregon, Wes Edens has taken the business industry by storm. Wes Edens has had years of experience in multiple industries finance being his main agenda. He was a former employee of the BlackRock Financial Management Company for a while before he rose in ranks and became the managing director at the firm. He also garnered experience from the Lehman Brothers firm where he worked as the managing director and eventually got promoted to the partnership role. These roles gave him the necessary experience he needed to launch what would become a multi-billion dollar company.’

Wes and the Fortress Investment Group

In 1998, Wes partnered up with fellow entrepreneurs and launched Fortress Investment Group. He then went on to serve the company at the position of Chief Investment Officer. During this time, he got the company to invest in a variety of industries including healthcare, real estate, media, transportation, and infrastructure as well as among others. He also played the roles of private equity head and co-chairman and co-CEO. When Fortress was acquired by SoftBank Wesley retained his position as a principal.

Wes Edens has recently launched a new project under Fortress known as the Brightline Train. The Brightline Train is the only privately owned and operated passenger train in the whole of USA. The train covers the routes between Miami and Fort Lauderdale. It was launched in May 2018. The train offers complimentary services like food and free Wi-Fi. It’s also built with comfortable leather seats and takes approximately half an hour to cover all its routes. Plans are on the works to increase the distance it covers.

Wes Eden’s affair with sports

It is no secret that Edens is a sports enthusiast. For years he has been the proud co-owner of the Milwaukee Bucks. However, he is currently expanding his horizons to football. Together with the Egyptian billionaire Mogul Sawiris Wes Edens just purchased major stocks in the English football club called Aston Villa. Edens intends to make several necessary changes in the club to ensure its success in the industry.

 

WES EDENS; A KNACK FOR SUCCESS

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!

Wes Edens’ Contract at Fortress Investment Group is extended.

Private equity investors are investors who directly put their resources in other companies instead of buying stocks. Usually, these investors buy the entire company. Also, they are some of the state’s largest owners of pension funds as well as endowments. Alongside being wealthy investors individually, private equity investors must possess viable investment skills for the particular business to be successful. Wes Edens has managed to cement his name on the walls of private equity investment. Over the past years, he has garnered extensive experience through working in different companies that have contributed to the wealth of knowledge he currently boasts of. Captivatingly, he is also the co-founder of Fortress Investment Group.

Fortress Investment Group

Moreover, Wes Edens is the co-chairman of the board of directors at Fortress Investment Group, an alternative investment firm that was founded in 1998. Until now, this firm has managed over $72 billion in assets. With its central office in New York City in addition to other offices across the world, the company has found a way to reach out to other clients from different economic forums. Thanks to the guidance of Wes Edens, this has been a strategy that has contributed to the growth of the company in various capacities.

Working at Fortress Investment Group

From the moment Fortress Investment Group was established, Wes Edens took over the realms of leadership in private equity business. Primarily, this department of firm invests in the industry of transportation, infrastructure, healthcare, and media among others.

His Contribution

In 2007, Wes Edens played a pivotal role in selling part of the company’s shares to Nomura Holdings. The deal was sealed at 15% of the entire shares, making Edens a billionaire at the time. In 2009, he was appointed the assistant chairman of the firm thanks to his dedication to revolutionizing the operating strategies.

Additional Information

Before founding Fortress Investment Group, Wes Edens worked as a managing partner at BlackRock Financial Management Inc. After a few years of service, he moved to BlackRock Asset Investors as a private equity investor.

Softbank Retains Wes Edens

Recently, Softbank Group announced the completion of the acquisition of Fortress Investment Group. Surprisingly, the management decided to retain Wes Edens even as the management transitions to a different umbrella. This is a reflection of Wes Edens’ powerful legacy in the company. He has shown his consistency and charisma when dealing with serious investment issues.

Jeff Yastine Speaks About Beer Brewers And Their Drift To Pot

Introduction
Jeff Yastine serves as an editor to the Total Wealth Insider. He bacame a senior director at Banyan Hill in 2015. Jeff brought with him more than 20 years of expertise in working as a financial and stock market investor and journalist in the financial world.

In these platforms, he helps investors to be able to know business, financial and economic styles. Yastine also highlights the income generating chances conveyed by other financial editors.

Jeff is an anchor nominated in Emmy and also a writer at PBS Nightly Business Report where he has served from the year 1994 to 2010. His journalism has aided in identifying fruitful investment chances in small-cap growing stocks and big corporation reversals.

Amongst his great works include his reporting which aided in warning stockholders concerning the real estate disaster of the middle of the year 2000 and the unmaintainable growth of the bubble of 2000 dot com. Jeff Yastine was also the one who reported on major countrywide occurrences like the 2010 Deepwater Horizon oil spill, 2005 Hurricane Katrina’s financial impacts, the effect of foreign automakers and the 1999 notable bestowal of the Panama Canal.

The Drift
Several beer companies are drifting into the pot business for monetary needs and desires. Constellation Brands Inc. was the first to take this step last month. The manufacturer of Corona Beer marked the first of the group to drift into the rich marijuana sector according to seekingalpha.com. It did this by paying a projected $191 million for its 10% possession post in the Canadian medical marijuana company known as Canopy Growth Corp.

Closely to this move, Molson Coors Brewing Co. gestured to forecasters that it was also receiving the desire for prospective pot ventures. Former beer marketing chief, Chris Burggraeve who is currently a chief marijuana investor disclosed to Bloomberg that pot in the present time is where the entire craft beer occurrence was in the 1990s, prior to its explosion in popularity.

Beer manufacturers are under stress from investors to act appropriately. Either way, beer corporations seem enthusiastic in joining the pot industry, they are getting ready for a time when pot would be lawful at the federal level.

Search more about Jeff Yastine: https://www.investmentu.com/investment-experts/jeff-yastine

5 Common Sense Investment Tips From Richard Blair

Richard Blair of Wealth Solutions is on a mission to provide comprehensive financial planning to families and small business owners in and around the Austin area. If you have ever considered investing for retirement, here are 5 common sense tips that will increase your chances of retiring with a nice nest egg.

Start Now

Most people wait too late to start investing. For best results you need to start as early as possible. The sooner you start the better off you will be in the long run. Even if you have to start small, just start!

Be Patient

It takes time for your investment to start multiplying due to the power of compound growth. So pack your patience and allow time to do the work.

Diversify

This is something I am sure you have heard a million times. For best results you should focus on diversifying your portfolio. Spread your investments around in different industries and different companies.

Take Advantage Of Tax Deferred Plans

IRA’s, 401(K)s and profit sharing plans are tax deferred. Take advantage of them by investing as much as you can. Since you aren’t required to pay taxes until you retire you can afford to go all in right now. Doing so will help your money grow faster with each year that passes.

Tamper Your Expectations

Just because you start investing doesn’t mean you will hit home runs every time. There will be some investments that will under perform while others will produce great returns. The key is to learn how to tamper your expectations. Don’t expect miracles when you start investing.

Always pay close attention to the investments that under perform on a consistent basis. This way you can weed out the bad investments and focus only on the ones that will help you produce the best return on investment.

Who Is Richard Blair?

Richard Blair is the Founder and Chief Investment Officer at Wealth Solutions, an Austin based Registered Investment Advisory firm. When Blair founded Wealth Solutions he did so with the goal of making a positive impact on as many lives as he possibly could.

Over the years he has become known as the go to expert when it comes to financial and retirement planning. He is now focused on helping all of his clients bring their vision of a successful retirement to life.

To learn more about Richard Blair and Wealth Solutions visit www.wealthsolutionsria.com.