Wes Edens is an is a talented investor
Wesley Robert Edens is among the four principals that formed Fortress Investment Group in the year 1998. Wes Edens is also the co-owner of the National Basketball Association’s Milwaukee Bucks that is headquartered in Wisconsin. Wesley Robert Edens attended Oregon State University where graduated with a Bachelors in Finance and Business Administration in the year 1984. Soon after, Wes Edens started his professional path in the year 1987 working with the Lehman Brothers serving in the position of managing director and was also made partner. Wesley Edens let the Lehman Brothers in the year 1993 and joined a team of private equity from BlackRock known as BlackRock Asset Investors also serving in the position of managing director and was also a partner of in the firm before his departure. In 1998, Edens in conjunction with four other principals namely, Randal Nardone, Peter Briger, Michael Novogratz and Robert Kauffman founded Fortress Investment Group. Wes Edens wore the hat of most investments, and his style of investment was hailed by many including The Wall Street Journal pointing out that he is one to build businesses from investments. In the year 2007, Fortress Investment Group became a publicly traded company, and by the year 2009, 8% of their shares had been sold to the public for $600 million. Fortress Investment Group by the year 2007 had publicly traded alternative investment vehicles and private equity as some of the assets that the company was managing. In the year 2006, a Japanese company known as Nomura Holdings paid $888 million for 15% of Fortress Investment Group and Edens became a paper billionaire. Following the subprime mortgage crisis, Wesley Robert Edens was appointed to co-chair the board of directors at the organization. Wesley Robert Edens has also served in the position of chairman for Fortress Transportation and Infrastructure Investors. Wesley Robert Edens was the brains behind Fortress Investment Group acquisition of Springleaf Financial Services. The value of Springleaf Holdings had increased to $3.5 billion by the year 2015 a value that is 27times more than the investment that Fortress made in 2010. The Wall Street Journal dubbed Wes Edens as the “new king of subprime lending,” and Wesley Robert Edens serves as the chairman of Springleaf Financial Services. Wesley Robert Edens is a lover of horses and also likes mountain climbing. Wes and his wife Lynn have been blessed with four kids.