Who is Wes Edens in Investment Management
Some people have managed to be successful in investment management. One of the many people is Wes Edens. You can view Mr. Edens as a business magnate, but I see him as an investment magnate– a person with influence and unlimited skillset in investments. You name it, from private equity to publicly traded alternative investments he has been involved. You will wonder how he has traced his path to success.Wesley Robert Edens commonly known as Wes Edens was born in the sixties. He then proceeded to receive an undergraduate degree in Finance from Oregon State University. This was a career-changing opportunity that opened his doors to business, knowledge wise. He is now a renowned businessman. He is experienced in private equity deals. Anything you will find online about Wes Edens in one way mentions Fortress Investment Group. This is one big company that he founded with other two partners – Peter L. Briger and Randal A. Nardone.
But of course, he did not just move to Fortress in a snap from college. He first transitioned through other companies being assigned different roles.Wes Edens was previously before Fortress a partner and managing director to Black Financial Management Inc. In BlackRock, he was head of private equity fund – Asset Investors. He was also a partner and managing director at Lehman Brothers. The good thing about this is that if you require managerial skills he got them. If you need finance skills, he also got them. Who wouldn’t want a double-edged sword to run investment management? So valuable to the point of founding Fortress and Fortress being acquired. He received quite a lump in the mega-acquisition. You will be shown this later. Fortress, like the name suggests, is a fortress of wealth.
The wealth is from investments of Fortress valued at $70 billion. He earned the wealth from an acquisition of Fortress Investment Group by Softbank in 2017. The purchase was worth over $3 billion. This is quite a fortune. This fortune worked for him. He took home over a $0.5 billion. This value resulted from bonus dividends and unvested shares payouts.Wes Edens has an interest in sports. After all the money he has made, you will naturally want to take part in sports investment as most billionaires do. He too took the challenge and acquired Milwaukee Bucks. He bought it for $0.5 billion. Received $0.5 billion and then spent it on Milwaukee. This was very easy indeed. But it did not happen that way as the Milwaukee buyout was in 2014.