Fortress Investment Group’s co-founder Wes Edens began his career in California Savings and Loans then later joined Merrill Lynch for short stints. In 1987, he got a job in Lehman Brothers where he worked in the mortgage division and later served s the Managing Director up to 1993 when he left the company for a similar company, BlackRock Financial Management as the Managing Director. While working at BlackRock, Wes Edens started the private equity fund and the BlackRock Asset Investors. Wes Edens later joined UBS in 1997 where he served as the Managing Director before leaving and co-founding Fortress Investment Group in 1998. He has a degree in Finance earned from Oregon State University.
In February 2017, there was an important announcement made by Fortress Investment Group about the acquisition plans of the company by SoftBank Group. Later on, in the same year, the company was purchased in a cash transfer at the cost of$3.3 billion. Learn more at fortress.com for more info.
After the purchase, the executive members made a profit of $1.8 billion which was divided equally among them proportional to the shares each had in the company. Wes Edens continued the company’s operation that invests in real estate, financial services, transport infrastructure, and healthcare. Today, the company manages more than $72 billion worth of properties. The company has its headquarters in New York and with other offices internationally. Wes loves sports too, and in 2014, together with a partner, they purchased the Milwaukee Bucks at $550 million and made an assurance of constructing an Arena for the crew.
Wes Edens is also a known philanthropist who has given a cumulative amount of $2.7 million to charity organizations that deal with health and art courses and other educational facilities. From 2011 to 2016, Edens gave $1 million to Macalester College; he gave $700,000 to a hospital, Martha Vineyard, and $500,000 given to Partners in health. Wes giving is always focused on education, art, and health-related causes. Among the institutions that have benefited includes; Schools for Strings, University of Florida Foundation, Acumen Funds, Lymphoma Research Foundation, The National Multiple Sclerosis Society, and the Martha Vineyard Hospital.