Wesley (Wes) Edens is ranked at 962 on the Forbes magazine billionaire list. His career started out at Lehmans Brothers where he worked at the mortgage trading division until 1993 as a managing director and shareholder. This position enabled him to shape his future before moving on to BlackRock Financial Management. He developed his first private equity fund while serving as the managing director and partner at BlackRock. He decided it was time to start his own company and co-founded Fortress Investment group in 1998, a global investment firm headquartered in New York that provides financial services like managing assets in private equities and credit funds. He went to Oregon State University and holds a Bachelor’s of Science degree with majors in Finance and Business administration from the institution.
At Fortress Investment Group, Wes Edens has served in various positions such as the private equity chief investment officer, the head of private equity, as a principal and chief executive officer. He was appointed to the board of directors as a co-chairman in 2009. He is in charge of private equity and investments which are mostly in transportation, healthcare and financial services. His investment reputation lies in building, improving and expanding investments. Wes Edens’ expertize in matters of private equity finance, management and his experience in the credit field has helped Fortress Investment Group to scale to global heights in providing its services.Fortress Investment group started with only 30 employees but has grown to employ almost 1200 people.
Wes Edens and the management team developed an aggressive work culture at Fortress and many employees say that this has provided them with a fast-paced environment to gain experience from the best in the investment field. Employees enjoy great benefits and salaries and most of them say that it is a fun organization to work with. They recommend that anyone willing to learn in the financial field should join their dynamic team.Through Fortress Investment Group, he was involved in the process of creating an eSports team called FlyQuest that competes in the North America League Championship Series for League of Legends. He bought Milwaukee Bucks(an American professional basketball team in the National Basketball Association league), together with Marc Larsy and other individuals in 2014 for $550 million. The team is located in Milwaukee, Wisconsin.