Wes Edens’ Contribution To The Growth Of Fortress Investment Group

Wes Edens co-founded Fortress Investment Group with Randal Nardone, and Robert Kauffman. To be able to appreciate all the hard work that went into the management of FIG, you need to understand that the company started with about 30 employees and about $400 million capital. Now, the company can boast of more than 1200 employees and still counting. In addition, the current total asset of the company is estimated to worth about $72 billion.Although Wes Edens has vast knowledge in several areas of business, his personal competences are management of fund hedge and private equity investment. His purchase of Milwaukee Bucks is another landmark in his career. He is married with 4 kids and despite being a busy man because of numerous positions, he is also a family man who creates time to be with his family.

He currently has an executive position in very many notable organizations. Some of them are U.S. Ski and Snowboard Team Foundation and Newcastle Investment Holdings LLC. He was the Chief Executive officer of Fortress Investment Group from 1998 to 2003.Considering his achievements and his numerous affiliations, nothing indicates that he had a very humble beginning. He started his career in 1987 in Lehman Brothers. He worked there as the MD and as a senior partner. He left in 1993 and went to join BlackRock where he was also a partner and managing director from 1993 to 1997.To underscore his love for sports, he didn’t only buy off Milwaukee Bucks, he also built a new $400 million arena for the team. He was also instrumental to his company’s contribution to the building of the athletes’ village for the 2010 Olympic Games in Vancouver, Canada.

According to the Forbes billionaires list released in 2018, Wes Edens is #962, a far cry from his position in 2007, which was #297. Fortress Investment Group is loved by its employees for several reasons. One of the reasons they love the firm is its policy on training.Wes Edens and other co-founders of the company believe that from those to whom much is given, much is expected. So, if you want the best from employees, you need to equip them well. This is why they spared no expense when in the regular training of their employees.However, it is not clear if this policy will still be upheld after their acquisition by SoftBank. Even though the acquisition is more like a merger between SoftBank and FIG, a lot of people did not see it coming because FIG was doing very fine.

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