The Entrepreneurial Journey of Wes Edens

Wes Edens is a man with many a passion. As a businessman and an investor, he also has a knack for sports as he co-owns, along with Marc Lasry, a basketball team that plays in the NBA; the Milwaukee Bucks. Mr. Edens was born on October 30th, 1961 and graduated from Oregon State University some 23 years later, with a Bachelor’s of Science in Finance and Business Administration.Three years after his graduation, Wes Edens began his career journey as a partner and managing director at Lehman Brothers where he worked until 1993. Wes then joined another company; BlackRock Asset Investors albeit in the same capacity of managing director where he worked for four years.

A year later, in 1998 Wes Edens embarked on a partnership that founded the company that would make him a household name in the business world across America. The company, Fortress Investment Group would become the first buyout firm to be publicly traded when it did in February 2007, gaining $600 million for an 8% share by the year 2009. It is with this success that The Wall Street Journal described Edens as “having a knack for building a business from investments”. As from 2009, Edens serves as the Co-Chairman in the board of directors at Fortress Investment Group. He also Chairs Nationstar Mortgage, which is a subprime home equity mortgage lender acquired by F.I.G in 2006.

According to BizJournals, Wes Edens takes home a staggering $54.4 million in annual salary a figure that has accumulatively helped him join the billionaires club, with Forbes listing him at number 962 of the top billionaires globally with a net worth of $1.6 Billion. Apart from Fortress Investment Group, Wes has also invested in sports, and as earlier said, co-owns an NBA team which they purchased for $550 Million from its previous owner Herb Kohl. He also owns a League of Legends eSports team by the name of FlyQuest which was formed on the 6th of January 2017.At the age of 56, Wes Eden is a family man, married to Lynn Edens with whom they have four children.