Wes Edens is a successfully American businessperson and also a sports owner. Growing being a competitive skier Edens schooled at Oregon State University and graduated with a degree in Finance and Business Administration in 1984. His career began in 1987 where he was tasked as a partner and a managing director for six years. Mr Edens was the co-founder of Fortress investment group at 1998. He is not only tasked as a co-founder at Fortress but also a co-owner at Milwaukee Bucks Inc which is a sports club. More about of Wes Edens at Bloomberg.
At Fortress investment group Mr wes Edens is tasked with a variety of roles which include being chief investment officer, president of private equity and also principal and private equity chief investment officer. In his position Mr Wes Edens invests in sectors such as media, financial services, healthcare and also infrastructure. Prior to founding Fortress he was a partner at Blackrock financial management .American General Finance was the initial name of Fortress Investment and it came to change when they bought the subprime lender Springfield Financial services under the management of Mr Edens and this caught him his title “New King of subprime Lending”. By 2015 the company was holding assets worth $3.5 billion. The company has grown to even purchase Nationstar mortgage which was previously named as Centex Home Equity Company which was a subprime money lender and Mr Edens is the chairman. Apart from his financial line of work Mr Edens is also a lover of sports. In 2014 Mr Wes Edens and his friend Marc bought the Bucks from Kohl Herb at a $550 million price to keep the team in Wisconsin and to develop a new area to stand for the previous one which was at Harris Bradley centre. With Edens in the team they have managed to be double the amount of their arena to around $1.079 billion as of February 2018.
Mr Edens is a successful man who turns an investment plan into a successful plan From founding his own company to purchasing others and supporting teams is quite evident to explain his success story.