Born on October 30, 1961, Mr Wes Edens is the Co-founder, Co-Chief Executive Officer, Chief Investment Officer, Principal and President of Private Equity of Fortress Investments Group. Additionally, he is the Co-owner of Milwaukee Bucks basketball team. Mr., Wes has a vast knowledge and experience in a public company’s management and Private Equity Finance and Management.
With a Bachelor’s degree in Science in Finance and Business Administration, from Oregon State University, Wes Edens commenced his finance and business administration career at a small bank- California Savings and Loan and at Merrill Lynch and Smith Barey. Find out more about Wes Edens at wealthx.com
During his working as a banker, Wes Edens established connections and affiliations with the finance and business world. And by 1987 he joined Lehman Brothers as a Partner and its Managing Director responsible for the Mortgage Trading department. Six years later he left Lehman Brothers and joined BlackRock as a partner and the managing Director the BlackRock Asset investor for four years.
Later in 1997, Wes merged with UBS as the Managing Director. It was after UBS that Wes Edens together with other four partners started Fortress Investments where he was responsible for the company’s’ Private Equity business which specifically subsidised in transportation and infrastructure, financial services, media, healthcare and real estate.
Since its establishment in 1988, Fortress Investment Group became the hub for establishing, building businesses from investments acquired. Eden Wes and his partners who started Fortress Investment group sold 8% of shares to the public for $600 million taking the company public. Therefore, Fortress Group assets included both private and public. It estimated that Fortress Group has assets worth $72 Billion.
Since then he has been working extensively in the finance world and business administration and public companies management. He worked as the Chief Executive Officer and President at Capstead mortgage Corp, Chair and Director at Drive Shack Inc., Chairman of Florida East Coast Railway Corp, to name a few.
Mr Wes Edens recognizes giving back to the society, and he was reportedly given 2.7 million to charity, specifically in causes entailing education, health and art. Some of the highlighted giving include; Martha’s Vineyard Hospital, Partners in Health, Santa Barbra museum of National History, Samuel Waxman Cancer Research Foundation, Autism Speaks, Theatre Company and Quincy Jones listens Up Foundation.
Learn more: http://www.nba.com/bucks/bio-wesley-r-edens