Wes Edens is a businessman, a team owner and an investor in private equity. He co-founded Fortress Investment group alongside Peter Briger, Michael Edward, Robert Kauffman and Randal Nardone. He owns Milwaukee Bucks, a nationally recognized basketball team, based in Wisconsin alongside Marc Lasry. He is also the owner of FlyQuests which is the legends league.He was born in New York on 30th October 1961 and has an American Citizenship.Wes holds a bachelors of science in finance and a degree in business administration from the University of Oregon State. Wes Edens started his career at Lehman Brothers in 1987 as the manager and also a partner. He, however, left the company in 1993 and joined a private equity company called BlackRock where he served as the managing director and partner until 1997. In 1998, he joined hands with his other four principals to establish Fortress Investment Group.
Wes investment techniques were described as creative and a knack for establishing businesses through investments by The Wall Street Journal. He was the man behind the purchase of Subprime Lender Springleaf Company by the fortress company. Wes Edens then helped Springleaf increase its value to three billion and five million dollars by 2015 which was equivalent to more than twenty-seven times the initial investment of one hundred and twenty-seven US dollars by fortress Investment Company in 2010. On August 2010, Fortress was now able to acquire eighty percent for one hundred and twenty-five US dollars of Springleaf. Fortress investment group was however acquired by Softbank at three billion and three hundred million dollars by the soft bank which was equivalent to eight dollars per share. The principals of fortress Investment Company were retained to continue working for the company even after the acquisition.
Wes was positive that the acquisition was a necessary step and that the two merged companies would work together to continue offering quality services to the customers and earn the investors a good fortune. Wes Edens was ranked position three hundred and ninety-seven on the Forbes with a net worth of close to two billion and five hundred million US dollars. Wes purchased his team for five hundred and fifty US dollars from Kerb Kohl and promised to maintain the team in Wisconsin alongside replacing the BMO Bradley Center. He has a wife and four children. His hobbies are mountain climbing and horse jumping. He is well-known for his passion, hard work and commitment when undertaking his duties alongside being a great father to his children and a great husband to his wife.