Investment Guru, Investments

Wesley Edens Leads the Team at Fortress Investment Group

Wesley R. Edens is a co-founder of the New York City based Fortress Investment Group. His company is one of the largest asset management companies, managing investment assets in excess of $70 billion. He and his fellow co-founders Robert Kaufman and Randal Nardone started the company in 1998. Today, the staff of the company exceeds 2,600 employees. Wesley Edens is also the head of Nationstar Mortgage.Wes Edens was born in 1961. He attended the University of Oregon, where he studied Finance and Business Administration. He spent several years working at Lehman Brothers, where he served as a Partner and Managing Director. After that, he moved to BlackRock Asset Investors.

Wes was now experienced and highly successful, and he was determined to go into his own business, and work for himself. His decision to do so has made him a billionaire. He is number 369 on the Forbes billionaire list of 400, a rank which he achieved in 2007, while he was still in his mid 40s. Meanwhile, the company was well on its way to becoming one of the leaders in asset management companies. Under Wes Edens creative leadership style, the Fortress Investment Group went public in 2007. Amongst the most noteworthy of shareholders was the Nomura Holdings company. The Japanese holding company purchased 15% of the company for the amount of $888 million.

A share of approximately 8% was sold to the general public for $600 million. It was an extremely successful IPO for Fortress Investment Group and its entire executive committee. The stock of the company trades on the NYSE. Wes Edens is a big sports fan. He is a co-owner of an NBA team and an owner of a League of Legends team. He co-owns the Milwaukee Bucks, In 2017, the company originated an esports team, the FlyQuests, which competes in the League of Legends. The company purchased Springleaf Financial Services, an AIG company. Within a short time,the amount of the gains of Springleaf was well in excess of 27 times above its purchase price.