Wes Edens; the Finance Mogul

Wes Edens; the Finance Mogul

Wesley Robert Edens, is an American businessman who has shaped his career around the world of investments. He co-founded Fortress Investment Group and is the co-owner of Milwaukee Bucks. Moreover, has served as the Chief Investment officer, a principal and President of Private Equity. He has been the head of Private Equity and served as Co-Chairman since August 2009.

Early Life

Born in 1961 in New York, Mr. Wes graduated in 1984 from Oregon State University with a bachelors’ degree in Finance and Business Administration. He is blessed with four children with his wife Lynn Edens. In 2007, he was ranked 369 on The World’s Billionaires 2007. He bought Milwaukee Bucks in 2014 with Marc Lasry for $550 million from Herb Kohl.

Career background

Between April 1998 to July 2003, he was Chief Executive Officer at Fortress Investment Group. He became Chief Executive Officer of Newcastle Investment Holdings in June 2002 and left in February 2007. From October 2002, Mr. Wesley functioned as Chief Executive Officer of Eurocastle Investment Holdings till April 2006. In 2005 at Global Inc, he served as its president.

Duties

Other than that, he was also CEO and president of Capstead Mortgage Corp. Between April 2000 and July 2003, Wes worked as Chief Executive Officer of Impac Commercial Holdings. From May 1999, He was also head of Global Principal Finance Group, to November 2000.Mr.Edens became Managing Director of Union Bank of Switzerland in May 1997 and held the position till May 1998. From October 1993 he was a partner and worked as managing director at BlackRock Financial Management to may 1997. He was also a partner and served as Managing Director at Lehman Brothers between April 1987 and October 1993.Since June 2002, Mr. Wesley Edens has worked as Chairman and Director of Drive Sharks Inc.He has also served: Intrawest Resort Holdings, OneMain Holdings, New Residential Investment Corp, Fortress Transportationand Infrastructure Investors, Nationstar Mortgage Holdings, SeaCube Container Leasing Limited, Aircastle Limited, and Rail America Inc among others.

Edens and Fortress Investment Group

Wesley is Co-Chief Executive Officer of Fortress. He has served as a member of the board of directors from 2006. Since 1998, Wes has served as a member of the Management Committee of the firm. It is reported that Wes takes home $54.4 million annually. This is inclusive of $13.4 million compensation from Fortress Investment Group and $41 million in dividends from being a shareholder. As of the most recent proxy statement filed in April, Wes held 63.3 million shares of Fortress’s stock.

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