Fortress Investments Group manages assets that are valued to be worth about $43 billion. In the beginning, Fortress was just a small buyout firm, but with time, it grew to become a renowned manager of financial assets that include bonds, private equity, liquid equity, and hedge funds.Wes Edens is a founding member of the corporation and today he serves as the co-chair of the board of directors as well as the co-chief executive officer. Since the beginning of operations in 1998, Fortress Investment has made significant strides in the financial sector and has been involved in several capital projects in different parts of the world. Just recently, the company announced its entry into the Jamaican Liquefied Natural Gas where Wes Edens is to head several investments.Wes Edens is an alumnus of Oregon State University from where he obtained his degree in Finance.
After graduation, Wes wasted no time in starting his career in the financial sector. His first stints at employment began at Merrill Lynch, California savings and Loans, and Smith Barney.With an urge to learn and sharpen his expertise, Wes joined Lehman Brothers in 1987. He worked in the mortgage trading division and over the years rose through the ranks to finally leave the firm as a director and a partner. After Lehman, Wes joined BlackRock where he held various leadership positions. He was a partner and director of its subsidiary, BlackRock Financial Management. It’s while here that he was involved in forming BlackRock Assets Investors, his first private equity fund.Fortress Investment Group Started trading its shares on the New York Stock Exchange in 2006, and Wes Edens appeared on the Forbes Magazine’s list of billionaires in 2017. He sits on position number 962 on the list with a net worth of approximately $1.6 billion.
While some other renowned billionaires have gained their fortunes from inheriting family businesses, Wes is the correct definition of a self-made billionaire. Together with his other partners including Randal Nardone and Peter Briger, they have made significant profits in the alternative investment markets. Apart from Fortress Investment, Wes is the owner of FlyQuest, an e-sport team, and co-owner of the Milwaukee Bucks.Wes Edens is a busy private equity investor who spends most of his time planning financial strategies. He has been able to accumulate his wealth from compensations and salaries. He earns around $54.4 million annually with $41 million coming from his stocks dividends while $13.4 comes from direct compensation.