The businessman is one of the pioneers of the fund manager. He serves as the Chief Executive Officer of Fortress Investment Group. He is in charge of the private equity division. Some of the areas of interest for the firm include the finance sector, media, healthcare, housing, infrastructure, and transport. Wes Edens also co-chairs the firm’s board meetings. Before joining Fortress Investment Group, he worked as a partner and the managing director at BlackRock Financial Management. He also worked in the same position at a firm known as Lehman Brothers. Due to his skills and accomplishment in the financial sector, the Wall Street Journal named him “New King of Subprime Lending.” One of his biggest achievements is the acquisition of Springfield Financial Services.
According to the firm’s valuation report in 2015, the investment firm had accumulated more than $3.5 billion worth of assets. Under his leadership, Fortress Investment Group also acquired one of the best mortgage dealers at the time, Centex Home Equity Company. The mortgage company later changed its name to Nationstar Mortgage. Wes Edens was appointed to serve as the chairperson of its board of directors. Apart from his successful career in the finance sector, the businessman is passionate about sports. He partnered with one of his colleagues to purchase a team known as Milwaukee Bucks. The acquisition was estimated to have cost them $550 million. One of his main goals after the purchase was to build modern facilities for the players. Milwaukee Bucks was previously owned by Herb Kohl.
Wes Edens has always been passionate about joining the finance sector. He is a graduate of the Oregon State University where he majored in Finance and Business Administration. He graduated in 1984. Since the founding of Fortress Investment Group, he has played a key role in its growth over the years. The company is considered as a market leader for offering innovative business solutions to its clients. It went public in 2007. The Initial Public Offering was successful. It was the first in the sector to be listed on the New York Stock Exchange. He has managed to facilitate the development of a diversified portfolio of products. The firm manages assets worth more than $43 billion. The private equity section that he heads has more than 1,750 clients.