Wes Edens is an accomplished private equity investor with interests in sports. He joined the Oregon State University where he pursued his major in Finance. Upon completion of his undergraduate studies in the year 1984, he moved to Lehman Brothers and was employed as its partner. After a few years, he relocated to BlackRock where he worked as its partner and Managing Director. In the year 1998, he had acquired enough managerial and his leadership skills to establish his firm. He partnered with Michael Edward, Randal Nardone, and Robert Kauffman to create Fortress Investment Group. They founded the company with $400 million in equity investment.
Fortress is a private capital firm with a focus in the control and management of assets. Later in the year 2009, he was appointed Fortress’ board of directors Chairman. His appointment to head the company’s private equity department is attributed to the skills he gained while at working at Lehman and BlackRock companies. The department witnessed a long streak of success under his leadership. He enabled the firm to purchase Springleaf Financial Services. In January 2018, Wes Edens announced the sale of his main business, Fortress Investment Group. He confirmed that Japan’s SoftBank Group Corporation would purchase the company. The firm that was only established with $400 million was sold at a high figure $3.3 billion in cash. It was however agreed that Fortress would retain its base in New York City.
In a five year contract, it was established that Wes Edens would have his managerial position together with Randal Nardone. Wes is reported to have accumulated a hefty $500 million from the deal. He also boasts of his South Florida Brightline train rail system. He says plans are underway to expand the rail to other areas in the United States. The train that records a maximum speed of 135 mph is set to enhance business in the area. In the year 2014, he collaborated with Marc to acquire the Bucks Basketball team from Kohl Herb at $550 million. The duo pumped another $100 million in the construction of a multipurpose arena that would serve as Bucks’ home ground. Wes Edens enhanced his love for sports when he bought Astonvilla Football Club. He joined hands with businessman Sawiris to purchase 55% of the England based club. The buyout made them the highest stakeholders in the club. At the time of the purchase, he said his goal was to make it a competitive team in England.