Meet the Investor Wes Edens
Wesley Robert Edens, popularly known as Wes Edens is a successful businessman in the United States. He is as well an investor and owns a basketball team. Wesley o also famous for co-founding Fortress Investment Group. The alumnus of Oregon State University has a degree in Business Administration.Wes began his career in business over three decades ago. He started by working at the Lehman Brothers. He served the company as a managing director. He also made partner in this firm. From Lehman, Wes Edens joined BlackRock Asset Investors and worked with the firm for four years. Here he held the same positions as in Lehman Brothers.
From BlackRock, Wes proceeded to Fortress Investment Group. He became a part of the five founders that established the firm. He, together with the other principals, created the company a year after leaving his job at BlackRock Asset Investors. Fortress Investment Group has grown to be one of the most successful investments firm in the country. The co-founders of this firm decided to make the company public in 2007. They opened up investment opportunities for the public. People could from then buy shares of the firm. As of now, the company has traded approximately 10% of its shares to the public. These shares gave earned the firm hundreds of millions of dollars. Fortress Investment Group has a lot of assets in its name. The company owns both the private and public equities. It also has equity funds as well a number of hedge funds.
The company has also explored the real estate business and owns a couple of vehicles. Wes and his other partners gained a lot of wealth when a Chinese- based company bought a portion of their firm. The firm acquired 155 of Fortress Investment Group for over 800 million dollars.Two years after the establishment of Fortress Investment Group, We Edens was made the Co-Chairman. Through this position, Eden has steered the company to greater financial achievements. In his administration, Fortress came up with an application called eSports. This application provides video gaming platforms. It is also during his reign that the company acquired Springleaf Financial Services, which was formerly known as AIG. This acquisition improved Fortress’ financial status. Fortress bought 80% of Springleaf’s shares. After that, Wes was elected the Chairman of Springleaf Financial Services. Far from Fortress, Wes Chairs a company called Nationstar Mortgage. This is an asset mortgage firm. The company was purchased by Fortress Investment Group over a decade ago.