Wes Edens is a successful businessman born on the 30th of October 1961. He was brought up in Montana and joined Capital High school for his high school education. He later graduated with a Bachelor’s in Finance and Business Administration from Oregon State University. He is an established entrepreneur and a private equity investor. He started his career at Lehman Brothers in 1987 as a partner and a managing director.
He later relocated to BlackRock’s private equity division where he worked as a partner and a managing director till the year 1997.
By the time he left BlackRock, he had gained extensive expertise to establish firm. In the year 1998, he founded Fortress Investment Group in conjunction with Robert Kauffman and Randal Nardone.
They established the corporation at an initial investment of $400 million in the capital. The corporation which was started as private equity firm as now grown to become a global leader in alternative assets management.
In January 2018, he confirmed the sale of his primary business, Fortress Investment Group. Japan’s SoftBank Group Corporation acquired the firm at an alarming $3.3 billion in cash. His accrued earnings from the sale sum up to $512 million.
He has received money amounting to $11.4 million through bonus dividends since February 2017. He has also received $1.4 million in shares and $200,000 in salary.
Despite the sale, Fortress Investment Group operates as an independent corporation with its headquarters in New York City. Wes Edens, Randy Nardone, and Peter Briger also retained leadership roles in a five-year contract deal.
Wes Edens is also a renowned philanthropist who has donated over $2.7 million to charity. He majorly gives to education, arts, and health-related related causes. Some of the beneficiaries of his benevolent work are Macalester University College Samuel Waxman Cancer Research Foundation.
He partnered with Marc Lasry to purchase Wisconsin’s Bucks basketball team from Herb Kohl in the year 2014. They spent a total of $550 million to buy it and an additional $100 million for the establishment of a multipurpose arena.
The arena was aimed at replacing the old BMO Harris Center. Wes Edens is currently the chairman of the Board at OneMain Holdings and Drive Shack corporation amongst other companies. He is interested in sports, business, and politics.
Wes Edens’ hobbies include that of horse riding, running and climbing mountains. He has climbed Africa’s highest mountain, Mt. Kilimanjaro to its peak.
Wes Edens’s Facebook Page: www.facebook.com/public/Wes-Edens