Wes Edens, an investment expert, attended his studies in Oregon State University, where he received his BSc degree in Finance and Business Administration in 1984. He began his career as a partner and managing director from 1987 to 1993 in Lehman Brothers. Later on, he joined Blackrock’s where he worked in the private equity division until 1997 as a managing director and partner. Wes Edens was a co-founder of Fortress Investment Group in 1998; his investment lifestyle was based on creative financing and building a business from the investment. Edens also helped Fortress to become a buyout firm that was publicly traded for the first time where his partners played a significant role in taking it public via its original public offering.
In 2009, it had sold 8% shares worth $600 million to the public. Wes Edens and his partners became billionaires when Nomura Holdings which is a Japanese financial holding company decided to acquire 15% shares for $888 million of Fortress. In Forbes billionaire list, Edens was a world billionaire who owns 72.8 million shares which are worth $2.2 billion, and he has earned additional $150 million as net cash payouts since 2005. Wes Edens then became Fortress’s Board of Directors Co-chairman in 2009 and utilized his capability by ensuring that the stock price falls below one dollar which was after the crisis of subprime mortgage that was experienced. Wes Edens, having worked with the most exceptional financial corporation, he had been able to extend his career and full milestones. It was what aided him in becoming an expert in private equity management and investment.
In the Wall Street Journal, Wes Edens was named to be the new king of sub-prime lending due to the role he played in the purchase of stakes in the Springleaf Financial Services. It helped Fortress to generate fortune profits and also consolidating its position in the investment management sphere. In conclusion, Wes Edens is a family man despite his expertise in investments. He has his personal life and a family that needs his attention as a Dad and a husband. During the day, he appears to the world as an investment mogul while at night, he takes time to be with his wife and kids. Wes and his wife Lynn have been blessed with four kids, Mallory being their youngest daughter. The daughter, Mallory caught the public’s attention when she appeared at the NBA lottery draft in 2014 as Milwaukee Bucks’ representative.