Those who know Wesley Robert Edens know that he is not just a peak performer in the financial world, but also in high altitude climbing. Born in October 30, 1961, Wes went to Capital High School and later graduated from Oregon State University in 1984 with a BSc in Finance and Business Administration.
Wes Edens began his career path with California Savings and Loans. Later on, he worked periodically at Smith and Barney and Merrill Lynch. Wes joined the Lehman Brothers in 1987 and worked in the mortgage trading division as a Managing Director and Partner until 1993. In 1993, he joined BlackRock and served at the company’s affiliate, BlackRock Financial Management, also as a Managing Director and Partner. While working at BlackRock, the entrepreneurial and business prowess of Wes Edens became apparent when he created first private equity fund called BlackRock Asset Investors. Despite his increasing roles, Wes joined UBS in 1997 and served in its affiliate as the Managing Director.
In 1998, Wes Edens founded Fortress Investment Group together with Randal Nardone and Robert Kauffman. Fortress Investment Group is a globally leading diversified global investment manager. The company manages approximately $40.9 billion as of March 2018. The company also boasts of more 1,750 private and institutional investors across the globe in real estate, permanent capital, and private equity among others. Currently, Wes Edens is the Co-CEO, Co-Chairman, Co-Founder and Principal of Fortress Investment Group LLC. Apart from his position, the private equity investor and hedge fund manager holds other significant positions in financial institutions including:
- Chairman of the Board of New Senior Investment Group Inc. from 1999
- Chairman of the Board of Directors, Florida East Coast Holdings Corp since 2010
- Chairman and CEO of Fortress Registered Investment Trust from 2002
- Chairman of New Media Investment Group Inc.
- Chairman of the Board of Springleaf Finance Corporation from2010, among others.
Despite his business prowess, the 962nd billionaire as per Forbes rankings is a family man, married to Lynn Edens with whom he has four children. In 2014, Wes Edens partnered with Marc Lasry to purchase the Milwaukee Bucks. The sports team is reported to have cost the two a reported $550 million. The finance mogul donates to many causes, mainly in health, art and educational related causes. His total donations amount to more than $2.7 million. He also holds a position of a Trustee of the Chinook Charitable Trust.