Wesley Robert Edens is an established businessman, a private investor and a philanthropist born on the 30th of October 1961. He grew up in Montana and attended Capital High School.He later attended Oregon State University where he attained his B.S in Finance and Business Administration in 1984. His business career began at California Savings and Loan.In 1987, he moved to Lehman Brothers and worked as an MD and a partner. He later moved to BlackRock in 1993 and served as an associate and the Managing Director. He founded his first private equity fund-BlackRock Asset Investors while working at BlackRock. In partnership with Michael Edward, Robert, Peter Briger and Randal Nardone, Wes Edens founded the Fortress Investment Group in 1998 with a $400 million initial investment capital.
Fortress Investment Group became the first publicly traded buyout firm On February 2007. He has also worked in other Corporations such as Fortress Transportation and Infrastructure Investors, Penn National Gaming company and New Residential Investment Corporation. His extensive knowledge and experience in finance management make him highly sought by many corporations. Wes Edens became the Chairman of the Board of Directors of the Fortress investment group in 2009.He now serves as the Chairman of the Board of Directors at New Media Investment, OneMain Holdings, and Drive Shark Inc. He is a great philanthropist interested in education, health and politics.Wes Edens has donated over $2.6 million to Charity. Macalester College is the main beneficiary of Wes’s philanthropic work receiving over $1 million. Martha’s Vineyard Hospital has also received $700,000.
Other beneficiaries are North Salem Open Land Foundation and Samuel Waxman Cancer Research amongst others.In 2018, Wes Edens confirmed the Sale of Fortress Investment Group at $3.3 billion to the Japanese SoftBank Group Corporation. Founded in 1998 with a starting capital of $400 million, Fortresses made high profits from the sale.However, Peter Briger, Randal Nardone, and Wes retained their leadership positions in a five-year contract. He is also the co-owner of the Bucks basketball team that he brought together with Marc Lasry.It cost the two $550 million to close the deal and an additional $100 million to construct an arena to replace the Harris Center. According to the Forbes report, The Bucks is now valued at $1 billion. Alongside business, he is interested in horse riding, running, and mountain climbing. He has been able to climb Mt. Kilimanjaro in Tanzania in East Africa.