The Fortress Investment Group is a global dominant force when it comes to alternative asset management. They manage over $72 billion, which comes from 1750 different clients. Their clients range from corporations, too small businesses, to some of the most wealthy people in the world. They began business in 1998 when five principal partners came together to make this dream a reality. Wes Edens was one of those men.Wes Edens currently works for the company as the cochairman of the board of directors. He also functions as one of the founders and one of the Principles of the company. Underneath his jurisdiction, we see the area of private equity. He also oversees infrastructure, investing in transportation, overseeing real estate, perfecting healthcare, providing financial services, and promoting media.
He personally oversees the private equity sector, which currently is managing. $6.5 billion. If you include the credit private equity on top of that, he is managing over $21.6 billion. Underneath his employment are 1500 people who are the best experts in their area.Wes Edens has used many creative strategies when it comes to investing. He does not believe in having a minority share in businesses. His goal is to invest in businesses that will continue to provide a long term cash flow to his business. By doing so, the Fortress Investment Group has its hands in multiple different businesses.Wes Edens led the Fortress Investment Group to go public. They were not going to give up the majority share. But decided they would sell a least 8% of the company to the public. This currently is valued around $600 million.
Wes Edens lives with his wife and four children in New York, New York. It is here that he oversees the operations of the business on a daily basis. However, he will often fly out to Wisconsin where he watches the Milwaukee Bucks play against their rivals. He is the co-owner of the Milwaukee Bucks and also has ties to the game League of Legends. He owns one of the most prestigious teams in the game.Wes Edens is currently valued at $2.5 billion. Because he’s entirely self-made this puts him in the top 300 billionaires according to Forbes.com.When he is not running his company he is taking the time to train and mountain climbing and horse jumping, which are just some of his favorite hobbies to relax.