The one thing that Wes Edens co-founder of Fortress Investment Group is interested in is counterintuitive bet. The financial crisis did not stop him he still famously dove back to become the leading subprime in 2010. Through Fortress he is now able to invest $3 billion to go to the building of private passenger railroad. The railroad is based in Florida, and it has come just at the right time when self-driving cars are uncertain investments. Also, Wes Edens is the co-owner of the NBA’s Milwaukee Bucks. Through the company, he was able to bet on a team that participated in the championship so many years ago, and the other thing that he does is in the struggling English soccer club Aston Villa he possesses the majority stakes. See more at bizjournal.com to learn more.
Most of the fortunes that he owns he got it from Fortress that he co-founded in 1998. In the same company, he is still the co-CEO. The company was the first private company in the equity funds to go public in 2007 that oversaw Edens gain a stake worth of $2.3 billion. SoftBank purchased Fortress in 2017 for $3.3 billion. The purchase oversaw them become the stakeholder of 40% premium. Wes Edens grew up in a ranch, and most of his childhood days he spent them outside. In his teen, the only thing that they could do was either read the books or go out to play.
Wes Edens attended Oregon State University where he gained his degree in finance and business in 1984. Straight after he graduated from the university, he got his first job at San Francisco at a small bank. A friend that worked at Merrill Lynch encouraged him to consider moving to Wall Street for more opportunities. He decided that he was going to move to New York where he landed a job at Lehman Brothers. In 1984, he joined BlackRock where he was the managing director and partner. In 1998, that’s when he decided that he and some of his friends they will branch on their own and start something and that’s how Fortress was started.