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.
By looking at some of the investment made by the Oregon State University graduate, we can start to understand some of the decisions that Wes Edens continues to make. The Fortress Investment Group co-founder has been one of the most influential people within the group and continues to guide the group’s operations to date. He has been a specialist in distressed debt assets and has not shied away from making investments in them. This has been done in his private capacity as well as for the group. He was one of the key influences that led to the acquisition of American General Finance a company that was heavily invested in subprime. In 2010 following the crisis that had hit that sector not many investors would have been willing to touch such an asset but not Wes Edens. He knew precisely what AIG needed and would with the help of distressed business expert and Co-CEO who is also in charge of the credit division at the Fortress Peter Briger acquiring a controlling stake for 125 million dollars. The first order of business for Wes Edens was to revamp its investment strategy, and by 2015 the company which had been renamed to SpringLeaf Financial had already grown to 3.5 billion dollars. This was a 27-time growth in value for a company that most investors would have considered unsalvageable. The wall street journal would go on to refer to Wes Edens as the new king of subprime. The company has today grown to manage assets worth more than 14 billion dollars.
He was not done with this sector as he went on to acquire Centex Home Equity company. This is what many people know as Nationalstar Mortgage where Wes Edens is the chairman. The company was in a similar space when it was acquired for 575 million dollars. This is what makes him one of the best when it comes to taking over distressed businesses. He has also had a keen interest when it comes to sports investing. He recently acquired a significant stake at Aston Villa which is an English football Club that has been in existence for the last century or so.
The education of young Jews is one of the measures that the Jews are taking to ensure that they preserve their culture. It is the young generation that will take over leadership of the community years to come and push the community’s agenda further. If they happen to be unaware of the history of their community, they will into a trap that is set by their enemies. Being the only democratic country in the Middle East, Israel has many enemies from the neighboring dictatorial nations who are looking for the slightest opportunity to attack the Jewish state.
Adam Milstein, one of the community leaders for the Jewish-American community believes that one of the ways that the Jews can instill pride among themselves is by focusing on education. When Jews are educated right from a young age about their history, language, values, and culture, they will grow up knowing that they need to protect their values.
The education that the children get according to Adam Milstein should be focused on helping them to grow up knowing that they need to be committed to their families and the community. The education should also help them know how to live in the current times, in the face of the challenges that face the Jewish community such as anti-Semitism.
Adam Milstein talks about educating the Jewish children to think outside the box. Critical thinking is one of the factors that should be insisted on and should be given priority. It should be encouraged among the young Jews right from a young age. The lessons that the children pick up will be instrumental in the future growth of the community. The next generation of Jews must be able to tackle the challenges that the community faces. There should be no more oppression of the Jews based on historical propaganda that has been peddled by agents of hate.
Adam Milstein is using his resources which he has gotten from his investments in the real estate sector. He has a company known as Hager Pacific Properties. He is turning his success in the business sector into the success of the whole community.