Wes Edens is a person with a knack for business owing to his tremendous achievements thus far. He founded Fortress Investment Group in 1998 alongside Peter Briger, Robert Kauffman, Randal Nardone, and Michael Edward. As a principal member of Fortress Investment, he is responsible for the firm’s private equity business that mainly focuses on real estate, healthcare, and infrastructure and transportation. Edens has played a significant part in elevating the company’s worth to a multi-billion investment. He got a Bachelor of Science in Finance and Business Administration from Oregon State University.Wes Edens has a career that spans more than three decades. He started his career as a managing director of Lehman Brothers from 1987 to 1993. He later joined BlackRock Financial Management Inc. as the head of Asset Investors until 1997.
One year later, he established Fortress Investment Group. Wall Street Journal has recognized his shrewd style of investing as one based on ‘contrarian bets, creative financing and a knack for building businesses from investments.’ Through Edens’s leadership, Fortress Investment Group became the first publicly traded buyout firm in 2007. One notable achievement credited to Edens is the role he played to resurge the stock price that had fallen during the subprime mortgage crisis. Under Wes Edens’s watch, Fortress Investment Group acquired Springleaf Financial Services. Edens raised the value of the affiliate organization to 3.5 billion from its initial investment value of 124 million dollars.
Accordingly, he was hailed as the new king of subprime lending. Further, Edens is the Chairman of Nationstar Mortgage, a subprime mortgage lender acquired by Fortress Group in 2006. Hitherto, the company has delivered more than 33,000 homes in the United States. Such an achievement further proves the prowess of Wes Edens vis-à-vis business. Besides investing in private equity, Wes Edens has an eye for sports; he co-owns Milwaukee Bucks which is a National Basketball Association franchise operating in Wisconsin. Additionally, he owns a League of legends team called Flyquest. Edens is married to his wife Lynn, and they have four children together.