Wes Edens is an established business entrepreneur with interests in private equity investments. He is also an avid supporter of basketball and football sports. He undertook his bachelor’s degree in Finance at the Oregon State University.
He completed his undergraduate studies in the year 1984 and secured a job at Lehman Brothers as a partner. He later joined BlackRock where he served as the managing director and a partner.
He partnered with Randal Nardone, Robert Kauffman, and Michael Edward to launch Fortress Investment Group in the year 1998. They raised $400 million in capital to set up the private alternative asset management firm.
He was appointed the chairman of the board of directors in the year 2009. His appointment to the position was fostered by his remarkable leadership and managerial skills he had acquired at his previous companies. He was later elected the chief executive officer of Fortress’ private equity business. Under his management, the company acquired Springleaf Financial Services.
In partnership with Peter Briger, Wes Edens led the company through several profit-making ventures. The company controls more than $75 billion in property, private equity, and real estate investments.
However, in January 2018, Wes Edens announced that SoftBank Corporation would acquire fortress from Japan. It was agreed that the Group would release $3.3 billion in cash to purchase Fortress. Nevertheless, he would retain his managerial role at the company together with Randal Nardone in a five-year deal.
Wes Edens recently launched his Brightline modern train system. The rail that operates in South Florida allows trains to travel at a high speed of 135 mph. He pointed out that the system would significantly improve the business operations in the area. He further added that plans were in place to extend Brightline to Miami.
Wes Edens entered into a partnership with billionaire Sawiris to acquire a 55% stake of the Astonvilla Football Club. The England based club currently plays in the Championship level of the English competition. During the acquisition, he insisted that they would focus on buying new players to improve the team’s performance.
The purchase made the duo the highest stakeholders of the English club.