Wes Edens is a successful businessman that is a co-founder and principal with Fortress Investment Group. He is also the co-owner of the Milwaukee Bucks team that competes in the National Basketball Association.
Wes Edens is a native New Yorker that was born in 1961. He relocated to the other side of the country after high school to attend college at Oregon State University. Edens graduated from OSU in 1984 with bachelor’s degrees in finance and business administration.
Edens took to Wall Street following graduation and in 1987 landed employment with Lehman Brothers where he worked for six years. The next rung on the ladder for Edens was an executive position with BlackRock Asset Investors and he credits the time he stayed with the company as being instrumental to his development of the skills he would later need to run his own ventures.
The global investment manager Fortress Investment Group was founded in 1998 and Wes Edens was counted amongst the company’s original founders and principals. The grew in influence quickly and became the first of its kind in 2007 to go public on the New York Stock Exchange when the company made eight percent of its shares available to the public for a price of $600 million.
Wes Edens partnered with Marc Lasry in 2004 to execute the purchase of the Bucks for $550 million. A condition of the sale was that Eden and Lasry had to agree that the team would remain in the state of Wisconsin in addition to beginning construction on a new arena that would replace the BMO Harris Bradley Center that has been the team’s home in its recent history.
A recent project of Edens is his Brightline service that is the sole passenger train system owned privately in America. The train line offers only a few routes at this time but an aggressive plan for growth is in place.
Edens and the other principals at Fortress executed a sale of the firm to the Japanese company SoftBank Group earlier this year. The sale, which took place at a price tag of $3.3 billion, allows the company structure to stay in place and keeps intact the same leadership.Green Bay Packers quarterback Aaron Rodgers joins Milwaukee Bucks ownership team
The estimated personal net worth of Wes Edens is $1.2 billion