Wes Edens is a billionaire and business leader who continues to take part in many different partnerships and business ventures. He is a co-founder and principal with Fortress Investment Group and has been able to help his company grow by making many successful business deals. Edens is also one of the owners of the Milwaukee Bucks, and the team has been able to improve greatly since he has become associated with it. Within half of a decade, the Bucks have gone from being last place in their division to being the number one seed.
Wes Edens graduated from Oregon State University in the mid 1980s with a degree in business administration and finance. After finishing his studies, he went to work with the Lehman Brothers where he served as the company’s managing director and partner for over five years. After doing so, he moved on to work with BlackRock Financial Management Inc. After serving with BlackRock for a few years, he made the decision to help create Fortress Investment Group. He did so with the help of Randal Nardone and Rob Kauffman, and he has served in many leadership positions there.
Wes Edens partnered with Marc Lasry to purchase the Milwaukee Bucks for $550 million. The purchase took place in 2014, and the pair bought the team from Herb Kohl. Edens and Lasry are planning on constructing a new sports arena for the team that will cost a minimum of $100 million. Edens also recently purchased a piece of the Aston Villa Football Club and is planning on helping the team to regain its former glory, too.
It was recently reported by the Milwaukee Business Journal that Wes Edens earns $54 million every year. A lot of his money comes from Fortress Investment Group, which includes his stock dividends that come from the more than 60 million shares of Fortress’s stock shares he owns. His daughter is also an up and coming entrepreneur who is thinking about buying the New York Knicks in the future. Wes Edens appears to approve of his daughter’s ambitions as he recently commented that he believes women are greatly underrepresented in the sports world.