Wes Edens’s financial career has been of great success and tremendous achievements. He is the true king of subprime lending. He was born in October 1961 and raised in Montana. He studied at Capital High School, he later joined the Oregon State University where he graduated with a Bachelors in Finance and Business Administration.He is a successful businessman and a private equity investor. He has worked at Lehman Brothers as a partner and a managing director. In 1993 he moved to BlackRock’s private equity division where he worked till 1997 as a partner and a managing director.Wes Edens partnered with Robert Kauffman and Randal Nardone to start Fortress Investment Group.
With an initial investment of $400 million, the firm kicked off its operations on the first of January 1998. He currently serves as the principal and co-chairman of the firm, the position he shares with Peter Briger.Two decades after its foundation, Wes Edens announced the sale of Fortress Investment Group at $3.3 billion in cash to Japan’s SoftBank Group Corporation. His total earnings accrued from the sale of the company amount to $512 million. His net worth is valued at $945 million.However, Fortress Investment Group continues its business in New York City as an independent business corporation. It also retains Wes Edens, Randy Nardone, and Peter Briger as its core principals in a five-year contract.He is a widely recognized philanthropist who channels his time and funds to arts organizations, education, and health matters. He has actually donated over $2.6 million to charity.
Martha’s Vineyard Hospital, Macalester University College, and University of Florida foundation are some of the main beneficiaries of his charity work.Wes Edens is interested in politics, he is a close ally to the Montana Senator, Max Baucus. He has channeled over $270,000 to a number of political parties and aspirants in the United States. In addition, he is a trustee of the Chinook Charitable Trust organization.He is renowned for his ownership of the Bucks basketball team. He joined hands with Marc Lasry to buy the Wisconsin team from Herb Kohl at $550 million. The Bucks basketball team is now valued at $1 billion.He is involved in sports, business, and politics. He is also fascinated by horse riding and mountain climbing, he has climbed the Matterhorn and Mt.Kilimanjaro located in Tanzania. He has been married to Lynn Edens for a long time and together they have four children.