Wes Edens- A Forbes Billionaire

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Billionaire Wes Edens got his start in business partnership and grew to being a high level investor in several different arenas. His educational background in business administration, couples with his knowledge of investment business is what leveraged him to the success Wes Edens has gained today. It was with hard work and determination that he became a billionaire, and landed himself on the Forbes Billionaire list.

Wes Edens pursued his education in business; e graduated from Oregon State University in 1984 with a bachelors degree in business administration. Upon obtaining his degree, Wes Edens began work for Lehman Brothers in 1987. Edens worked here for six year as partner and managing director until he left the company in 1993. His success with Lehman Brothers afforded him the opportunity to work with BlackRock in their private equity division BlackRock Asset Investors. He remained with BlackRock until 1997, and left to begin creating his own investment company.

in 1998 Wes Edens and five partners, Peter Briger, Jr., Robert Kauffman, Randal Nardone and Michael Edward Novogratz[5], came together and founded Fortress Investments. Fortress Investments is a global investment manager that manages assets of over 1,750 institutional clients and private investors. By 2007, Fortress became the first publicly traded buyout firm with Edens and his partners taking the company public through its first public offering. Since 2009, Edens has remained hands on with the investment group. He is the Private Chief Investment Officer, President and Head of Private Equity, and Co-Chief Executive Officer of the firm.

As his take home pay is roughly $54 million a year, Edens has expanded in what he invests in. He bought the Milwaukee Bucks, an NBA franchise based out of Milwaukee, Wisconsin. By buying the team, he continues to make profit from t as each season passes. His love for sports didn’t stop with just buying the NBA team. Edens also owns FlyQuest, an e-sports team that is focused on winning in order to become an internationally respected organization. FlyQuest plans on developing partnerships, sponsorships, and fan bases with long term growth in mind.

Edens has become one of the richest men in the world by being wise with his investments and his spending. He took the knowledge he gained from experience and turned it to manage thousands of other people’s assets which has made him a very wealthy man.

 

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