Worth more than $2.5 billion Wesley “Wes” Edens was number 369 on Forbes World List of Billionaires in 2007. So who is he, you might ask? Edens is a co-founder of Fortress Investment Group and co-owner of the Milwaukee Bucks, purchased for $550 million in 2014. He graduated from Oregon State Univesity in 1984 with a Bachelor’s of Science in Finance and Business Administration. Throughout his life, Edens has been a big player in the financial industry where his career started at Lehman Brothers in 1987.As a partner and managing director, Wes Edens left Lehman Brothers in 1993 for BlackRock’s private equity division where he was also a partner and managing director until his departure in 1997. Wes Edens and five other principal partners then founded Fortress Investments in 1998.
With a knack for building a business around investments, Wes Edens later became Co-Chairman of the Board of Directors at Fortress and breathed new life into the company after the subprime mortgage crisis that same year.In 2010, Wed Edens led Fortress to purchase 80% of Springleaf Financial Services with an initial investment of $124 million, and five years later they saw that investment grow to more than $3.5 billion (an increase of 27 times their original investment). Several years before they, Fortress has also acquired Nationstar Morgage and combined the two firms helped launch a new model built out a financial-services business that managed $14.3 billion in assets overall.
It was not until 2017 Fortress switched up their game by creating an eSport team they call FlyQuest. Considered a professional video gaming team, they currently compete in the North American League of Legends Championship Series. That same year, with Wes Edens still with the company, Fortress Investment Group was purchased by and became a Softbank subsidiary. Wes Edens throughout his career is a force that has championed change and innovation in all areas he has played a role. Currently, he lives in New York City with his wife and four children close to the home office of Fortress Investment Group. When he is not hard at work, Wes Edens enjoys horse jumping and mountain climbing, which as a side note, goes to show you that not all billionaires enjoy golfing. Would it be any surprise that he also is an avid League of Legends player? For sure that is something to wonder, but not necessary considering he can do as he pleases.