How Businessman Wes Edens Found Success In The Alternative Investing Industry
Wes Edens is a successful New York, New York-based businessman in the financial industry as well as a professional sports team owner. He was born on October 30, 1961, and began his professional career in 1987. Prior to this he earned his college degree at Oregon State University where he majored in both finance and business administration. He started his career at Lehman Brothers. He was a partner of this financial services firm as a partner and as a managing director.In 1993, Wes Edens left Lehman Brothers and instead joined BlackRock Asset Investors. He was also a managing director and partner at this investment firm before deciding to co-found his own investment company.
This company is Fortress Investment Group which is now one of the world’s biggest companies that specializes in alternative asset investing. He is this company’s co-chief executive officer and a principal. His investment style is to do contrarian bets on companies as well as creating creative financing solutions. Under his leadership, Fortress Investment Group became the first company of its kind to have an initial public offering which occurred in February 2007.Wes Edens was instrumental in Fortress Investment Group creating an eSports team. This team is called FlyQuest and it operates in the very popular League of Legends championship series. He is also very interested in regular sports. It was in 2014 that Wes Edens and a business partner bought the Milwaukee Bucks.
They bought this NBA team for $550 million. He was able to get a new arena deal in place for his team in February 2018. He played a big role in both the design of this arena as well as its overall vision. He says that he incorporated a lot of natural light by making extensive use of glass. Since he bought this team four years ago its value has increased to an estimated $1 billion.Wes Edens is married and has four children. He enjoys active sports in his personal life as well, such as horse jumping and mountain climbing. He says he has climbed mountains all over the world. This includes Switzerland’s Matterhorn and the Grand Teton in the state of Wyoming. He was born and raised in the Pacific Northwest where he first garnered interest in mountain climbing. Growing up, Wes Eden says that he liked to visit mountains such as the majestic Mt. Rainier in Washington.