The investment journey of Wes Edens, the Chairman, and Founder of Fortress Investment Group

Wes’ Career background.

Wes Edens is a businessman and one of the founders of Fortress Investment Group. He also owns a sports team which is known as Milwaukee Bucks. He is also the owner of the League of Legends team FlyQuest.As a student of Oregon State University, he earned a Bachelor of Science in Finance and Business Administration in 1984. His career journey began as a partner and managing director of Lehman Brothers in 1987. He later left Lehman Brothers to become a partner and managing director at BlackRock Asset Investors until 1997.Apart from being the co-Chief Executive Officer of Fortress Investment Group, he has also served as the CEO of Newcastle Investment Holdings LLC, Eurocastle Investment Ltd., Global Signal Inc., Capstead Mortgage Corp., and IMPAC Commercial Holdings. He has also served as a director for several more companies.

Wes’ Current Position At Fortress.

Fortress Investment Group has Wes Adens as its co-founder. He has been Fortress’ Private Equity Chief Investment Officer and co-chairman from August 2009. He has previously worked as the company’s Principal, President of Private Equity and Head of Private Equity. Fortress has Wes as its current Co-Chief Executive Officer from December 2017. He is in charge of the businesses that are of private equity and also publicly traded investments.

Involvement in eSports.

In 2017, Wes Edens announced that Fortress would launch an eSports franchise by the name FlyQuest. ESports are video game competitions in which professional players are involved. FlyQuest aims at involving a variety of teams to participate in the various world eSports games in the North America League of Championship Series (NA LCS). According to ESPN, Wes is the most recent NBA-related owner to be involved in the North American Leagues Championships Series. Others include Memphis Grizzles, Rick Fox, and Peter Guber.

How much Wes’ is earns.

The New York Times in an article listed Wes Edens’ “take –home pay” to be $54.4 million annually. The figure is a combination of Fortress annual compensation he receives of $13.4 million and $41 million he receives as a shareholder in the same company. He is one of the highest paid Private Equity Executives.Apart from his career, Wes also has a personal life. He is wedded to Lynn. Together, they have four children, one of them being her daughter Mallory. Horse jumping and mountain climbing are the hobbies he engages as a way to take some time off his busy schedule.