The Milwaukee Bucks may have recently been eliminated from the Eastern Conference Finals, but they have made plenty of improvements in recent years. A lot of this has to do with the new co-owner of the company, Wes Edens, who purchased his portion of the team back in 2014. Before Wes Edens bought the team, they had placed in the last position of the Eastern Conference during the previous season. At that point, there was almost nowhere else for the team to go but up. The team is now considered a top seed and they have been able to maintain the home-court advantage during their postseason. The hedge fund investor has made a huge difference in the team since the purchase.
During the last three decades of his career, Wes Edens has amassed a net worth of $1.65 billion. He has worked as the co-founder of Fortress Investment Group since 1998 but he got his start in the financial world back in 1987 with the Lehman Brothers. In 1984, he completed his Finance and Business Administration degree from Oregon State before starting his career. From 1987 to 1993, Wes Edens served as the Managing Director and Partner of the investment firm. After leaving Lehman Brothers, he joined the global investment firm known as BlackRock where he stayed until 1997 as a Managing Director and Partner. At the time, BlackRock was still a small company and he states that he is still friends with the team at the company.
While he made good money in his other positions, the co-founding of Fortress Investment Group has been one of the main sources of the investor’s income. He co-founded the company in 1998 alongside Randal Nardone and Rob Kauffman. Wes Edens is currently to co-Chief Executive Officer at the private investment firm that is a subsidiary of SoftBank as of the end of 2017. He is also serving New Fortress Energy as the company’s Chief Executive Officer as well. In 2007, Forbes listed him as one of the wealthiest people in the entire world and he is known for his unconventional investment techniques.