Fortress Investment Group manages and is directly answerable to over 1,750 clients for their assets worth almost $43 billion. A company that in the beginning was just a buyout firm has now grown tremendously to become a global entity. The assets under its portfolio include bonds, private equity, liquid equity, and hedge funds.
Wes Edens has been through it all. Other than being part of the founding team, he serves as the joint-chief executive as well as the co-chairman of the board of directors. Fortress Investment Group has been running its daily operations for the last 20 years now and has made significant and profitable strides in the investment sector. It has been involved in several capital projects in the US and around the world. For example, it has recently made an entry into the Jamaican liquefied natural gas business.
Straight from Oregon State University with a degree in Finance, Wes Edens was ready to face the corporate world. His first tastes of the employment world were at Merrill Lynch, Smith Barney, and California Savings and Loans. After a few years of juggling between different employers, Wes was ready to settle, and Lehman Brothers were prepared to give him a chance. His first posting was in their mortgage trading division, but after years of delivering results, he was promoted to director and partner in the firm.
In 2016, Fortress Investment Group was making headlines in the financial world; it became the first private equity fund to issue an IPO to the public and started trading its shares in the renowned New York Stock Exchange. A decade later, Wes Edens made a premier appearance on the Forbes billionaire list. The list estimated that Wes was worth around $1.6 billion and it meant that he was position 962. It’s worth noting that he was among those who were categorized as self-made billionaires.
Together with his business partners and friends Randal Nardone and Peter Briger, they have built something from nothing. Just recently, Wes Edens announced that together with Egyptian Billionaire Nassef Sawiris, they have purchased a majority stake at Aston Villa, an English soccer team.