Wes Edens has had a career in the business world that has taken him to the heights in his particular field. Mr. Edens began his career in the world of finance after completing a bachelors degree in finance at Oregon State University. Upon graduation, Wes Edens worked at Lehman Brothers beginning in 1987. He became a partner and the firm’s managing director. In 1993, Mr. Edens moved on to BlackRock Asset Investors working in the private equity unit. He remained with that firm until 1997. In 1998, Wes Edens founded a new firm called Fortress Investments along with Randall Nardone and Robert Kaufmann. Robert Kaufmann has since left the firm and been replaced as a principal by Peter Briger.Fortress Investments is an alternative asset management company.
Wes Edens is the co-CEO of the company, and he works in the private equity side of the business.In this side of the business, Mr. Edens and his team look for assets in key industries that are undervalued. By investing in these businesses, they are able to generate value for those who invest in the firm’s funds. Currently, the private equity line at Fortress invests in the financial services, transportation, energy and healthcare services industries.Fortress Investments has seen phenomenal growth under the leadership of Wes Edens and his co-founders. Currently, the firm manages almost $41 billion in assets. In 2017, Fortress Investments was purchased by SoftBank of Japan.
The two companies are operated separately, and Mr. Edens retains his leadership role in the company that he helped to found. In the latest edition of Forbes list of billionaires, Wes Edens ranked 962 with an estimated net worth of $1.2 billion. This figure includes wealth from Fortress and from his sports team.In addition to his endeavors in the financial world, Wes Edens is the co-owner of the Milwaukee Bucks who play in the NBA. Mr. Edens and his partner purchased the Bucks from the former owner Senator Herb Kohl for over $500 million. Mr. Edens has pledged to keep the team in Milwaukee, and a new arena is being constructed for the team.