Wes Edens was one of the founding members of the private equity firm Fortress Investment Group, which was started in 1998, and later came to be known as the first business of its kind to make an appearance on the New York Stock Exchange.
Before partnering up with Rob Kauffman and Randal Nardone to start Fortress, the investment industry executive was employed with the Black Rock Financial Management company as a Managing Partner.
After graduating from Oregon State University with a Bachelor of Science degree in Business and Finance in 1984, he entered the corporate world by beginning a career at Lehman Brother, the fourth largest investment bank in the U.S.
As the years passed, and Fortress Investment Group began to experience rapid growth as a global hedge fund managing operation, Wes Edens pursued other business ventures, including becoming the owner of a public transportation system called the Brightline Train, which serves the South Florida area, making it easier and quicker for passengers to reach their destinations.
With a travel speed of 80 mph, the train was able to go from Miami to Fort Lauderdale on its first run in May of 2018 in a time span of just 30 minutes. It is also more cost-effective than other modes of transportation such as Uber, and it has comfortable leather seats and food service, plus free Wi-Fi.
In addition to being in a leading role at Fortress, and being the private owner of a fast-moving passenger train, WesEdens has a big interest in sports, so in 2014, along with two other business partners, Marc Lasry and Herb Kohl, he acquired the Milwaukee Bucks, a National Basketball Association team, and he also purchased the English premier pro soccer team called Aston Villa, a deal he went into with Egyptian billionaire NassefSawiris. His enthusiasm for sports extends into the online video gaming genre as well.
He is the owner of an e-sports team called Fly Quest, which is a part of the League of Legends platform. His over two decades at New York-based Fortress Investment Group, along with his other business moves, has given Wes Edens a net worth of $1 billion.
About Wes Edens: www.crunchbase.com/person/wes-edens