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Wes Edens, Fortress Investment Group Founder

Posted on 11 June, 2018 in Financial Advice, Investment Advisor

Wesley Robert Edens is the founder of Fortress Investment Group, owner of FlyQuest – a League of Legends team established in January 2017, and co-owner of NBA franchise, Milwaukee Bucks.He is commonly referred to as Wes Edens. He was born on October 30, 1961, and has four children born to him by his wife, Lynn Edens. In 1984, Wes Edens received his Bachelor’s degree in Finance and Business Administration from Oregon State University.Three years later, he kickstarted his career at Lehman Brothers, where he served as a partner and managing director. In 1993, he moved onto BlackRock Asset Investors as a partner and managing director.He served at BlackRock’s private equity division till 1997. In 1998, in association with four other principal partners, he founded Fortress Investments. In 2009, he became Co-Chairman of Fortress Investment Group’s Board of Directors. When the company’s stock price fell to below a dollar, he steered the company’s resurgence plans.

Between 2015 to 2016, he served as Chairman of Fortress Transportation and Infrastructure Investors LLC. Nomura Holdings, a Japanese company, acquired 15% of Fortress Investments at a cost of $888 million in 2006. The following year, Fortress Investment Group became a public company.By 2009, the company had sold 8% of its shares to the public. As a result of these transactions, his financial worth ballooned. He, together with the rest of Fortress Investments principals, became billionaires.Such is the wealth of Wes Edens that he was named as the 962nd richest man on the Forbes World’s Billionaires 2008 list. His take-home pay is $54.4 million per year. This is a total calculated from shareholder dividends of $41 million he receives from Fortress Investment Group and compensation worth $13.4 million.

How is it like to work at Fortress Investments? Many employees generally give positive reviews of the working conditions at Fortress Investments. There are lots of smart people around from whom you can learn something new.This is especially true for interns and new recruits, who are also afforded lots of opportunities to gain working experience. Hard work and dedication is recognized, hence motivating the employees. The pay is also quite good.Due to his interest in sports, Wes Edens acquired Milwaukee Bucks, an NBA franchise, for $550 million in 2014. In 2017, Fortress Investments established FlyQuest, an eSports team participating in the North American League of Legends Championship Series.

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