Could calling Wes Edens an investor or a businessman fully describe his qualifications and ranks? Definitely, it is not the ultimate of who he is but it is significant in describing a part of him. Besides being one of the most successful business people on American soil, he is a great investment guru in private equities and also a great sportsman. Born in late 1961, he focused on education so as to achieve his dreams and by 1984; he was awarded by Oregon State University with Bachelor of Science in Finance and Business Administration. Mr. Wes Edens is the Co-Founder of Fortress Investment Group and Milwaukee Bucks which is a National Basketball Association (NBA) in Wisconsin and also owns League of Legends team known as Fly Quest which is a video gaming made of professional. In fact, the team is known to be competing in NA League of Legends Championship Series. In partnership with Marc Lasry in 2014, he bought Milwaukee Bucks from its owner, Herb Kohl for $550 million.
For a team to be in NBA, it means that it has qualified players because the Association consists of professionals in basketball.Before joining Fortress Investment Group, Wes Edens commenced his career as a Partner and a Managing Director at Lehman Brothers from 1987 to 1993. He later joined BlackRock Asset Investors where he held similar positions and served till 1997. In 1998, Wes, Pete, Rob, Randy, and Mike founded Fortress Investment where he built businesses from his investments and through creative financing. He was among the guys who took the company public via its IPO in early 2007. With the 15% acquisition of Fortress by Nomura Holdings, which is a Japanese financing company, Wes and his fellow partners became the latest billionaires in town in 2006. In 2009, he was the Co-Chairman of the Fortress Board of Directors.
Wes Edens spearheaded the acquisition of Springleaf Financial Services which increased the investment of the Fortress after its holdings value increased tremendously in 2015. This achievement made him be referred to as the new king of subprime lending by one of the popular journals, Wall Street.Wes Edens has served as the Chairman at Nationstar Mortgage, Springleaf Financial Services, New Senior Investment Group, Mapeley Limited, GateHouse Media, Newcastle Investment Group, and Capstead Mortgage Corp among many others. His great expertise and experience have made him serve in more than 40 firms, and institutions as a Director, Co-Chairman, Vice CEO, Chairman, President, Co-Founder and/or CEO. He likes horse jumping and also mounts climbing as his hobbies.