American businessman Wesley Robert Edens took up a career in business over thirty years ago. He is most known for being one of the founders of the investment management firm Fortress Investment Group LLC. Wes R. Edens serves as Principal and Co-Chairman of the Board. In addition to that, Wes Edens is the co-owner of the NBA franchise Milwaukee Bucks and owner of the e-sport team FlyQuest, playing League of Legends for the United States. In 1984, Wes Edens obtained his bachelor’s degree from the Oregon State University in Business Administration and Finance. He started his professional career in the field at the Lehman Brothers in 1987, serving as Managing Director and Partner. In 1993, Wes Edens moved on to BlackRocket and worked at one of their private equity divisions BlackRock Asset Management as Managing Director and Partner until 1997.
Being other the five co-founders and principal partners of the Foretress Investment Group LLC, Wes R. Edens has been working at the company since it was established. His current position there is under a contract for the next five years. After that, the contract will be revised by the owner of the company, SoftBank Group. So far, the leaders are the same with Peter L. Briger as President and Randal Nardone as the interim Chief Executive Officer of the Fortress Investment Group LLC. As a private equity investor and hedge fund manager. Wes R. Edens has a knack for discovering promising opportunities and anticipating changes in the market. That allowed him to predict that the company Springleaf Financial Services would rise in its line fo work.
He convinced his colleagues to purchase the company, and so the Fortress Investment Group became the top largest stakeholder of the Springleaf Financial Services. In 2015, the value of the corporation increased to $3,5 billion. That returned the initial investment of the Fortress Investment Group LLC, made in 2010, as many as 27 times. The prediction of Wes E Edens was acknowledged, and he was recognized by The Wall Street Journal, calling him in an article the ”new king of subprime lending.” The Fortress Investment Group LC was noticed by the SoftBank Group several years ago. In 2017, the Japanese conglomerate made a move and started acquiring the American corporation. The deal was completed at the end of last year. The SoftBank Group is a part of the SoftBank Industries as one of the company’s subsidiaries. It was established by Masayoshi Son many decades ago. Click here.