ABOUT WES EDENS, CHAIRMAN AND FOUNDER OF FORTRESS INVESTMENT GROUP

Wes Edens was born on the 30th of October 1961. He grew up in Montana and attended Capital High school for his high school education. Later, he attended Oregon State University and graduated with a Bachelors in Finance and Business Administration. After graduation, he secured his first job at a California bank. In 2014, Wes Edens in collaboration with Marc Lasry decided to buy the Bucks basketball team from Herb Kohl at $550 million and a further $100 million for the construction of a multipurpose arena, it was aimed at replacing the old BMO Harris Center.The Bucks basketball team is now valued at $1 billion according to Forbes. He is an accomplished American businessman and a private equity investor. He began his career at Lehman Brothers in 1987 as a partner and a managing director.He later moved to BlackRock’s private equity division where he worked up to 1997 as a partner and a managing director.

In conjunction with Robert Kauffman, Peter Briger, Michael Edward, Randal Nardone, Wes Edens founded the Fortress Investment group with an initial investment of $400 million. The firm has since then grown to become a leading leader in business. However, in January 2018, he confirmed the sale of the firm. 20 years after it was founded, he is selling the Fortress Investment group at a hefty $3.3 billion to Japan’s SoftBank Group Corporation. His accumulated earnings from the sale of the company amount to $512 million. Since February 2017, he has received cash summing up to $11.4 million through bonus dividends. He has also received $1.4 million in invested shares and $200,000 salary. Nevertheless, Fortress Investment Group continues its operations in New York City as an independent business entity.

It also retains Edens, Randy Nardone, and Peter Briger as its principal leaders in a five-year contract. He is also a great philanthropist who focuses on education, arts, and health. Macalester University College, Martha’s Vineyard Hospital and Samuel Waxman Cancer Research Foundation are some of the beneficiaries of his philanthropic work. He is presently the chairman of the Board at Drive Shack Inc and director at OneMain Holdings company amongst other corporations. He is fascinated by sports, business, and politics. He is also interested in horse riding, mountain climbing and running, he has climbed the Matterhorn Grand Teton and Mt.Kilimanjaro located in Tanzania to the East of Africa.Wes Edens has been married to Lynn Edens and together they have four children.

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