Glenn Laken

Wes Edens; An Investment Figure

Wes Edens has made a name for himself by helping pioneer a Fortress in the financial investments, by co-founding Fortress Investment Group, among many other things. This was in 1998, alongside other co-founders: Randall Nardone and Rob Kauffman. Currently, he is one of the Principals adding Mike Edward and Peter Briger to the list. Wes and his partners broke into the billionaire list in 2007 after selling a 15% share to Namura Holdings, a Japanese financial holding organization.He currently sits at position 297, among America’s wealthiest people, according to Forbes 2007. This was in 2006. The team also reached another historic hallmark with Fortress. This was after turning the company from private ownership to a publicly held company, on February 9, 2007. It became the first buyout firm to be publicly traded.He is currently a Principal and co-chairman in the organization. This was reached after going through various positions in the firm.

Between 1998 and 2003, he had served as Fortress’ CEO. He later became a co-chairman in 2008 after subprime mortgages took a downturn. He helped the organization to get back on track. This was after the company started offering subprime lending.The private equity investor has led the organization to impact actions like the $3.3 billion sales to Soft Bank Group, another Japanese owned organization. Wes Edens gained experience after graduating from Oregon State University in 1984, with a Bachelors of Science in Finance and Business Administration.His career kicked off at Lehman Brothers in 1987, and here he became a partner and Managing Director until 1993. He went on to join BlackRock Asset Investors until 1997 as the partner and Managing Director.The businessman is also known for co-owning the Milwaukee Bucks alongside Marc Lasry. They purchased from Herb Kohl in 2014 at $550 million and a promise to build a new arena and keep the team in Wisconsin.

In the gaming field, he helped launch FlyQuest with Fortress. This will gather various organizations and incorporate them in esports games to compete in a variety of global competitions.Wes Edens also sits on various boards: Chairman, Nationstar Mortgage Holdings; Board Chairman, New Senior Investment Group; Board Member, Springleaf Holdings. His leadership is evident even from reviews of the employee reviews and the fact that new owners, Soft Bank Group saw it fit to leave the administration intact upon the buying transaction. The employees feel a real challenge in the organization which creates a conducive learning environment. The Wall Street Journal described his style of investment as creative financing and a knack for creating businesses from investments.This can be attributed to his current take-home pay of $54.