Wes Edens, an accomplished businessman, and a private investor was born on October 30th. 1961. Growing up in Montana, he attended Capital High School. In the year 1984, he attained his B.S in Finance and Business Administration from Oregon State University. Wes Edens started off his business career at California Savings and Loan before moving to Lehman Brothers in 1987, where he worked as a managing director and an associate in the mortgage trading division.
He later moved to BlackRock in 1993 serving as a partner and the Managing Director. While working here, he established his first private equity fund called BlackRock Asset Investors. In the year 1998, Wes Edens in conjunction with Robert Kauffman, Michael Edward, Randal Nardone and Peter Briger, founded the Fortress Investment Group. On February 2007, Fortress Investment went to the record as the first publicly traded buyout firm.
In the year 2009, Wes Edens became the Chairman of the Board of Directors of the investment group. Currently, he is the Chairman of the Board at New Media Investment Inc., Director and Chairman of the Board at OneMain Holdings Inc., Chairman of the Board at Drive Shark Inc. and a director of Mapeley Limited. His private equity finance and management expertise, private credit and wide experience make him one of the most successful business directors. He is also the initiative behind Fortress’s private equity and publicly traded alternative investment business.
He has also worked in other publicly and registered companies such as Penn National Gaming Inc. from October 2008 to November 2013, New Residential Investment Corporation from April 2013 to May 2016 and Fortress Transportation and Infrastructure Investors LLC from May 2015 to May 2016. In January 2018, Wes Edens confirmed the Sale of his main business, Fortress Investment Group to the Japanese SoftBank Group Corporation at $3.3 billion in cash. Fortress started in 1998 with an initial investment of $400 million.
However, alongside Peter Briger and Randal Nardone, he retains his leadership position in a five-year contract. He is also the owner of the Bucks basketball team that he purchased together with Marc Lasry in 2014. It cost the duo $550 million to buy the team and an additional $100 million to construct an arena. The Bucks is now valued at $1 billion. Apart from business, Wes Edens is interested in horse riding, running, and mountain climbing. He has been able to climb Mt. Kilimanjaro in Tanzania. He is also a trustee of the U.S Ski and Snowboard Foundation.