How Wes Edens Worked His Way Up To Become A Self Made Billionaire

Wesley Edens is a co-founder at Fortress Investment Group and serves as the company’s Private Equity Chief Investment Officer. He invests in industries, such as healthcare, financial services, real estate, media, infrastructure, and transportation. He is also Fortress Group’s Co-Chief Executive officer, Co-Chairman, president of private equity, head of private equity, principal, and private equity Chief Investment Officer.

Mr. Edens first began his career in savings and loans, and had short stints before joining and worked his way up to a managing director at Lehman Brothers. Wes later joined Black Rock Financial Management, Inc. where he was a partner and managing director. He then ventured out to establish Fortress Group with four other partners. Fortress Investment Group’s purchase of the Subprime Lender Springleaf financial services under Mr. Edens earned him the title of ‘’New King of Subprime Lending’’ from the Wall Street Journal. Springleaf was formerly known as AIG’s American General Finance. It had acquired assets worth $3.5 billion by 2015.

Wes Edens has a Bachelor of Science in Finance and Business Administration from Oregon State University. He has a successful career and a keen interest in sports. Wes and his partner purchased the Milwaukee Bucks, a National Basketball Association Franchise, for $550 million. The former owner, Herb Kohl, was also assured of their intention to build a new arena and maintain the team’s location in Wisconsin. Edens together with a group consisting of Nassef Sawiris also injected some cash into Aston Villa, an English Championship Club, in July 2018. In 2017, Wes Edens also invested in the creation of an esports team known as fly quest under the Fortress Group. The team has a league of legends that play in the North American League of Legends Championship Series (NA LCS)

Wes Edens reported salary (take-home pay) is estimated to be at $200,000. However, he owns Fortress stocks. Currently, Wes Edens has 63 million shares plus the alternative compensation from various investments; hence, his income totals to over $54.4 million annually. He currently ranks at No. 962 on Forbes List of top self-made billionaires with a net worth of $1.6 billion.

Read More : www.wsj.com/articles/wesley-edens-is-an-investor-with-an-affinity-for-the-underdog-1532111122

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