A visionary leader, a skilled entrepreneur and a private equity investor, Wes Edens is one of the biggest names in the corporate world. Born in 1961, Mr. Edens is one of the people who started and steered the growth and expansion of Fortress Investment Group up to where it is today. Fortress Investment Group is among the largest firms that manage alternative assets like railroads and private equity.
Mr. Edens grew up in a ranch in Montana. His mother was a teacher, and his father was a psychiatrist. According to Mr. Wes Edens, he spent most of his childhood outdoors because while he was inside the house, the TV only had two stations so there was only one thing left to do and that was reading. During his teenage years, Mr. Edens engaged in competitive ski racing. Mr. Edens attended the Oregon State University and graduated with a Bachelor of Science degree in Finance and Business Administration 1984. More about of Wes Edens at Bloomberg.
Mr. Eden’s first job was in San Francisco where he worked at a small bank. While Wes Edens was still working at the bank, an acquaintance encouraged him to put Wall Street into consideration as part of his great career moves. Mr. Edens, later on, joined Lehman Brothers. He left the position in 1993 and joined Blackrock as a managing director and partner but ended up leaving in 1997. In 1998, he teamed up with Randal Nardone and Rob Kauffman and started Fortress Investment Group.
According to a Wall Street Journal article, Wes Eden’s investment style is described as one that that is based on creative financing, building enterprises from investments and contrarian bets. Over the years, Mr. Edens has been taking risks and investing in different firms for profit. For instance, in 2010, Wes Edens bought a majority stake in Spring leaf Holdings, for $124 million. Within five years, the value of his stake had risen to $3.5 billion.
Over recent years, Wes Edens has felt the urge to move away, a bit, from making such investments and focus on building companies. It is because of this decision that in 2014 he started a separate firm known as New Fortress Energy. The firm focuses on building clean energy infrastructure in the United States of America and other developing nations. Mr. Edens is also the co-owner of Milwaukee Bucks and an investor in Aston Villa, an English Soccer Club.