The rise of American billionaires has captivated the minds of millions of individuals across the globe. No story is more captivating than that of chairman and co-founder of Fortress Investment Group Wes Edens. Wes Edens is a simple man who comes from humble beginnings that has managed to guide his company through expert leadership to a physician as one of the world awaiting alternative asset management companies and a global economic powerhouse. Wes Edens just earlier this year helps to navigate the corporation through a acquisition by technology giant in Japan Softbank group Corporation during which the company’s valuation managed to increase by over $140 million. Without the expert guidance of Wes Edens, a deal such as this would not have been possible.
During the acquisition, the company’s shares were sold to Softbank group at a premium of $2.25 over the closing price of the shares leading to a total valuation of $8.08 per share by the time of the deal. Wes Edens spends most of his time working to help manage his private equity company and the first publicly traded private equity firm in the United States of America; however, he is also a man who has interests in the world of sports. He is co-owner of a physical sports team as well as a video game sports team. He helps to manage the Milwaukee Bucks a member of the national basketball Association along with co-owner Marc Lasry. And in the electronic sports league, he owns a team which plays league of legends and online video game known as FlyQuest.
Wes Edens originally went to school in the state of Oregon at Oregon State University and graduated in the year of 1984 with a bachelors of science degree in both finance and business administration. His first job in the working world was at Lehman Brothers in 1987 where he managed to become a managing director by the year 1993 and then went on to serve under Blackrock private equities division Blackrock asset investors as a partner and managing director for the company. After his time working for other companies, he along with four other individuals founded Fortress Investment Group which went on to grow to become one of the nations leading to private equity investment firms and the very first publicly traded private equity firm in the United States of America. Today he still manages the company as an independent organization even after the acquisition by Softbank group.