To be successful in the finance industry is not an easy task. Over the last few decades, there is one man who has proven to be a force to reckon with in all of America corporate culture. Wes Edens is the co-founder of Fortress Investment Group. At Fortress, he is responsible for the business private equity that focuses on major investments. In the Forbes list of world’s billionaires, Wes Edens is ranked number 962 with a net worth of $1.2 billion. His investment journey is very remarkable. He graduated from Oregon State University with a B.S in finance and business administration in 1984. After graduating he kick-started his career at Lehman Brother in 1987. At such a young age, he was a partner in the firm and managing director until 1993.
Later on he co-founded Fortress Investment Group in 1998 with four other individuals. In February 2007, the company became the first American private equity investment firm publicly traded on the New York Stock Exchange. Wes has led the company to making important financial investments. In February 2017, the firm acquired SoftBank at a cost of $3.3 billion. Under SoftBank Group, the business entity operated as an independent entity. Later on the proceeds from the acquisition were invested back to the business. Wes Edens was responsible for the Fortress purchase of Springleaf Financial Services.
By 2015, the value of Springleaf had reached $3.5 billion which was 27 times the original investment. The investment move saw Edens been heralded as the leader of subprime lending in the market. The proceeds from profits generated by Springleaf were used to build a financial-service business in Fortress private equity. Outside of finance sector, Wes Edens is involved in professional sports. Currently, he is the owner of the Milwaukee Bucks of the National Basketball Association. Fortress Investment Group has an eSports team called FlyQuest which has a League of Legends team that competes in North America League of Legends Championship Series. Under the leadership of Wes Edens, the company gets positive reviews from present and past employees. The investment firm has a great working environment making it a desirable place for employment.