Wes Edens is one of the pioneers of Fortress Investment Group. He has served the organization in various senior positions since August 2009. He was appointed as the Co-Chief Executive Officer in 2017. He is tasked with overseeing the private equity section in the firm. He headed the firm as the Chief Executive Officer for from 1998 to 2003. He is also a pioneer of other firms such as Milwaukee Bucks, Inc. He headed the Newcastle Investment Holdings LLC as the Chief Executive Officer for 5 years. He has also held senior positions in many other multi-national companies. He has succeeded in his business and is ranked at position 962 in the Forbes Magazine. Wes Edens is passionate about helping the young people to attain their full potential. He recently launched an American team known as FlyQuest, it was previously owned by Cloud9.
According to a report, the team cost the investment group $2.5 million. The move was a change in the firm’s portfolios as they seek to diversify into eSports. Wes Edens has been instrumental in the firm’s efforts to venture into other areas and this has led to a positive impact on the financial performance. The team has competed with other local teams and won. Sarah Watterson was tasked with managing the new team as it has a good potential. FlyQuest has partnered with other teams to engage in matches in North America. Plans are underway to have various teams compete in various games offered on the eSports platform. The teams are also expected to take part in competitions outside the United States in the future.
The team is expected to perform well due to the marketing practices that Wes Edens and investment group are likely to use. Some of the practices that could help to boost the performance of the team include forming partnerships with other stakeholders and engaging potential sponsors.Wes Edens has also set out to create a strong fan base as it is likely to boost the morale of the players and improve their performance. He expressed his optimism that the purchase was a good investment. He aims at transforming the team into a global competitor through the use of modern facilities. According to him, the games industry has experienced a great change and acknowledges the need to embrace innovation in the gaming industry. eSports has offered a good platform where talented players can utilize their abilities and earn a good income.
As the founder and CEO of Burch Creative Capital, one can have Chris Burch confused to someone who has had his success handed out to him, but he has been one remarkable story of starting small and gradually rise to extraordinary success. Chris was raised up in a middle-class family, and through his father, he developed an interest in business, this was due to his father’s distribution of both mining equipment and supplies. Later on, while pursuing his undergraduate studies at Ithaca College, Burch and his brother begun a business of selling sweaters to other students on campus. They named the sweater Eagle’s Eye. Armed with only $2000 they sourced sweaters at $10 and later sold them at $15 making a profit margin of $5 per each sweater they sold. Later on, as the business grew, Chris contacted a company to produce brand new sweaters in bulk so as to be able to meet the growing demand that had spilled to other campuses. In only a decade the business soon grew to a multimillion dollar company of about $140 million in sales. More to read on ideamensch.com.
As the company grew so did Chris Burch interest to invest in other businesses. His growing interest as an entrepreneur led him to found or co-found many internationally known business and retail brands. Among them are- C. Wonder and Tory Burch fashion label. The Tory Burch style is a fashion label that Chris Burch helped his wife to launch which later became a very successful business. As a business mogul, Chris Burch saw an opportunity in the hospitality industry and together with James McBride they bought a beach hostel in 2012. The beach hostel is suited in the Indonesian island of Sumba. This led them to spend $30 million on the cost of renovating it and upgrading it to a five-star resort named Nihiwatu in 2015. The Nihiwatu, the five-star hotel, turned into more than expected even to Chris Burch himself and went on to be identified as the best hotel in the world in 2016 by Travel + Leisure. Nihiwatu prides itself with 27 private villas and Burch’s private home. Check this on bjtonline.com.
In addition to his all this success, Burch is also a proud family man, and through his busy schedules, he has always spared time for his family. As a matter of fact when he bought the hostel, he did buy it having his family and children I mind. He now looks back at his achievements in life and is proud of himself as a billionaire. Additional article to read here.