Wes Edens is a man who has been in the news quite a bit recently. Wesley Edens is one of the business partners that founded the company Fortress Investment Group, which was founded in 1998 and has since become one of America’s largest private equity firms. Now that Wes Edens is no longer involved with the firm, he has many ideas for making money, including starting his private equity firm.
Wes Edens is also currently co-owner of the Milwaukee Bucks basketball team, as well as co-owner of the NBA Minnesota Timberwolves team. Like his ventures into investing, these teams have given him more than enough opportunities for success in sports fields. Wes Edens is further a partner in the firm of Wes Edens and Fortress Investment Group.
Wesley Edens was born in Jackson, Tennessee, on December 18, 1956. His father was an Army officer, and his mother worked as a teacher. Because of their frequent and long-term moves, they eventually settled in Littleton, Colorado. He attended Denver University, where he acquired a degree in Finance. After graduating college, he landed his first job at Lehman Brothers, where he stayed for over 15 years before founding Fortress Investment Group with other business partners in 1998.
Wes Edens’s first significant venture was San Francisco-based Fortress Investment Group, a private equity firm he founded with other partners. Fortress Investment Group has been involved in several vital acquisitions and has grown to be one of the largest private equity firms in the world. The firm invested in over forty companies with an average value of over $400 million each and reaped over $2 billion in profits by 2010. Wes Edens was also the owner of five professional sports teams: Milwaukee Bucks, NBA Minnesota Timberwolves, and Phoenix Pheonix Suns. These teams have allowed Wes Edens to enjoy his love for sports and his desire for success.