Wes Edens is also known as Wesley Robert Edens. He is an American who was born on 30th October 1961 (57years of age) specifically in the New York City. Wes Edens is married to one wife who is known as Lynn Edens who has bored him, four children. The youngest daughter is known as Mallory Edens and the other daughter is known as Madison Edens. In 1984 Wesley Robert Edens earned his bachelor of science degree in Finance and Business Administration from Oregon State University based in the Northwest United States specifically located at Corvallis, Oregon. Wes Edens is a businessman who is also doing investments in the private equity sector and he also owns a sports team.
Fortress investment group was found in 1998, it is now 20years old since its inception. It is based in the New York city, united states in the 1345 Avenue of the Americas. It deals with the following products, giving credit funds, hedge funds, traditional asset management, and railroads. In 2007 it was traded publicly thus became the largest private equity firm in the United States of America. The founders of the fortress investments group are; Wesley Robert Edens (who is our subject), Randal A. Nardone and Rob Kauffman, Michael Novograts and Peter Briger. The firm has employed over 1000 employees who find it to be a fast-paced environment to work with thoughtful and smart people.Wes Edens served as a managing director in the mortgage trading division in the Lehman brothers from 1987- 1993. He later served as a managing director and partner of BlackRock financial management. He has also served as a managing director in the UBS in 1997.
He is the chief investment officer, principal and head of private equity at the fortress investment group since 2009. He is also the co-chief executive officer at Fortress since 2017 December. He takes charge of public traded investments and private equity in the firm.Wes Edens became a billionaire together with his partners and in 2007, he was ranked 369 in the worlds billionaires list. Due to the great and enormous work he has done in the firm that has necessitated the growth of the company in terms of its net worth, he was announced by the wall street journal as the “new king of subprime lending”.Wesley Robert Edens is involved in a national basketball association better known as Milwaukee bucks. The firm launched flyQuest, a new esports franchise that involves video games competitions. He is one of the persons who earn a very high pay around $54 million.
Peter Briger has built himself a credible reputation in the world of investment that has decades of experience behind him as an entrepreneur. With more than thirty years of practice behind him, Peter is one of the leading directors for the famed Fortress Investment Group. His success and position at Fortress saw him as one of the top elites in the country according to Forbes back in 2007, listed as one of the wealthiest men in America at the time. Today, Peter Briger is co-chairman and co-founder for Fortress Investment.It all started after graduating from Princeton for Peter, earning his degree in business followed by a masters in business administration shortly after. Following the completion of his studies, Peter wanted to get some hands-on experience and took up a position working for Goldman Sachs.
It was here that his career started to take form as he worked his way up to various different management positions within the company. He was able to work his way up quickly within the company because of his interests and desire to be successful, at or not at Goldman.Peter Briger left Goldman back in 2002, effectively an expert in finances, investments, and debt management. With his extensive skills, Peter was capable of doing whatever he wanted, so he formed a team with Randal Nardone and Wes Edens. The group of them formed Fortress Investment Group together to become of the leading financial companies in the country. Peter took on the real estate and credit fund aspects of the business based on different divisions the company was separated into.
Since starting up Fortress Investment, Peter Briger has been able to use the skills he acquired while working at Goldman Sachs to transform the company into a goldmine. Peter managed to help the company form a reliable credit department that greatly contributed to the companies speedy expansion. At a single point in time, Peter’s credit department brought in more than thirty percent of the entire corporation’s profits. Peter also played a big role in bringing the company into the public eye and sparking them a lot of good publicity. Peter’s contributions are directly responsible for Fortress Investment becoming one of the leading investment firms in the industry.
In the United States, businesses which focus on investment and financial management have a higher chance to become successful over time. One of the best examples is the Fortress Investment Group, which was founded in 1998. Registered as a private equity company, the Fortress Investment Group provides services to business people that help their companies grow through the management of their finances and assets. The company was the idea of three visionary entrepreneurs who worked with different investment companies in the past. They are Wesley Edens, Rob Kauffman, and Randal Nardone. Working with several financial institutions in the past, Wesley Edens, Rob Kauffman, and Randal Nardone were inspired to create their own company that would offer the same services. When their business was realized in 1998, they started to work hard to become the largest private equity firm in the United States.
The founders started off with only a few million dollars on their hand, and after their establishment in 1998, they are only managing assets worth tens of millions of dollars. However, things have changed quickly as the founders met new business partners and clients. Their asset rose to hundred million, and new about their company spread all over the country. The Fortress Investment Group attracted new investors, putting their asset close to a billion dollars. In 2002, Peter Briger joined the company, serving as the principal, and he also contributed to the growth of the business.The Fortress Investment Group was soon introduced to the stock market in 2007 with the help from the New York Stock Exchange, offering 8% of the company to be sold to the public. $600 million worth of stocks were sold after the company’s debut, and it further raised its assets held at $65 billion.
The following year, global recession hit, and companies in the United States was primarily affected. However, the Fortress Investment Group managed to get through the recession and became more competitive than ever.Today, the company celebrates its 20th founding anniversary. The business established by Wesley Edens, Rob Kauffman, and Randal Nardone is now under the control of a Japanese conglomerate called the Softbank Group, and they purchased the company for $3.3 billion. Under the new ownership, Wesley Edens, Randal Nardone, and Peter Briger retained their titles as the principals of the company, and they are collaborating with other companies under the Softbank Group to determine what kind of approach they would have to apply to reach new heights.