The Career of Wes Edens – The Business Magnate

Posted by under Business Leader, Investor

Wesley Robert Edens is a renowned American entrepreneur, private equity and sports investor. He is a co-founder of the Fortress Investment Group, a co-owner of the NBA franchise, Milwaukee Bucks which is based in Milwaukee, Wisconsin. He also owns the FlyQuest, a League of Legends team. A group comprising of Wes Edens and others pumped cash into Aston Villa, an English Championship club in July 2018.

Edens’ Education and Early Career

Wes Edens received an undergraduate degree in Finance and Business Administration from the Oregon State University in 1984. He kicked off his career in 1987 at Lehman Brothers. Here, he became a partner and the managing director until the year 1993. The investor then went to the private equity division of BlackRock, where he served until 1997 as a partner as well as the managing director.

Edens at the Fortress Investment Group

Wes Edens is one of five principal partners who co-founded the Fortress Investments back in 1998. Fortress Investment became the first publicly-traded buyout company in 2007. Edens became board’s Co-Chairman at the Fortress Investment in 2009. During his Chairmanship, he has helped the falling company, resurge by providing subprime lending. Edens served as Chairman of the Fortress Transport and Infrastructure Investors Limited from 2015 to 2016.

Edens at Springleaf Financial Services

Edens, who now runs the Fortress’ private equity section was the force behind the purchase of mega lender Springleaf Financial Services, formerly American General Finance. Edens was nicknamed as the “The New King of Subprime Lending” in the financial circles. He is now the chairman of the mega-lender, Springleaf Financial Services, formerly AIG.

Edens at the Nationstar

Edens’ is also the chairman of the Nationstar Mortgage, formerly Centex Home Equity Company which was bought by Fortress for $575 million in the year 2006. In the year 2014 Edens and his partner Marc Lasry bought the Bucks for $550 million. They promised to keep the team in Wisconsin and construct a new stadium.

Personal Life

Wes Edens and his wife is blessed with four children. Among his many hobbies include horse-jumping and mountain climbing.

Leave a Reply

Your email address will not be published. Required fields are marked *