Wes Edens, Chairman and Founder of Fortress Investment Group

Born in October 1961, Wesley Robert Edens is a successful American businessman, private equity investor, and a Bucks team owner. He received his B.S in Finance and administration from Oregon State University in 1984.He started his career in 1987 at Lehman Brothers as an MD untill 1993. He later proceeded to BlacRock’s private equity division working as a managing director and a partner.It was at BlackRock that he created his first private equity fund that was referred to as BlackRock Asset Investors.In 1998, together with Robert Kauffman, Peter Briger, Randal Nardone and Michael Edward, he founded Fortress Investments Group.Wes Edens, who runs Fortress’s private equity business was the influence at Fortress’s purchase of subprime lender Springleaf Financial Services which was then known as American General Finance.

This made Fortress the Springleaf’s majority stakeholder. By 2015, the value of Springleaf had drastically increased to $3.5 billion gain, this value was 27 times more Fortress’s initial investment of just $400 million in 1998.In 2018, Wes Edens sold the Fortress Investment group to SoftBank, a Japanese Corporation. It was sold at $3.3 billion. Nevertheless, he retains his leadership role in the New York based business in a five year deal.He is a great Philanthropist who has donated over $2.8 million to charity. He has donated to many academic institutions, health centres and nonprofit organizations.Macalester College and Martha’s Vineyard Hospital are the top beneficiaries of his philanthropy work

His private equity management experience and astounding knowledge in the business field makes him an highly sought after director. In 2014, together with Lasry Marc, he bought the Bucks team from Herb Kohl for $550 million. He promised to keep the team in Wisconsin and build them a new arena to replace the BMO Harris Center. The Bucks basketball team is currently valued at $1.1 billion.Wes Edens is a high earning private Executive. His annual “take-home” pay is open to debate but he takes home a cool annual $54.4million. This includes his annual total compensation at Fortress Investment group and dividends received as a shareholder.Wes Edens and his wife Lynn Edens have 4 children. His hobbies include horse jumping and mountain climbing. He has scaled the heights of Mt. Kilimanjaro and the Matterhorn Grand Teton. In his youth, he was a competitive ski racer and now he is a trustee of Ski and Snowboard Foundation team in the U.S.A.

Igor Cornelsen Offers Simple But Effective Investment Advice

Retired Brazilian banker and businessman Igor Cornelsen is one of the world’s best known and most successful investment advisors. He is known for making countless people wealthy by showing them how to successfully invest in natural resources-rich South American country. Over the course of his decades long career, Cornelsen has created a number of investment rules that have helped him to generate great wealth for himself and many others. These rules are not based on complex mathematical formulas. They are simple advice that anyone can understand and implement as part of their investment strategy.

 

Do Not Lose Money

 

All investments come with the risk that people can lose their money. But Cornelsen’s number one rule is if an investment begins to lose money, then the investor should get rid of it as soon as possible. Making money is the reason why people invest. Rather than let an investment drain your resources, Cornelsen recommends offloading it and putting the money saved into another investment that shows more potential.

 

Start Investing As Soon As Possible

 

Time is one of the most important elements when growing investment income. The best course of action is for people to begin investing as early as possible. This means the younger the age a person is when they begin investing, the better their chances of having that investment grow into a significant amount. Even if the person isn’t very young, they should begin investing their money as soon as they can . This will enable them to maximize the return they earn on it.

 

Diversify Your Portfolio

 

It’s good strategy for every investors to try to create a diversified portfolio. This can go a long way towards minimizing their risk of losing all their money. By working to create a diversified portfolio the investor will increase their ability to get more revenue by having several different sources of income. A smart investor should combine some safe investments that may only provide a small return with a few high risk, high reward investments. This combination is the type of diversified portfolio that can provide significant income for the investor.

 

Get an Adviser

 

Igor Cornelsen also says when someone first begins investing, having an advisor is wise. The investment advisor can teach them the keys to understanding the market and give them valuable tips. Once they gain a little experience, they can begin to make investment decisions on their own.