Wes Edens is 56 years old owner of Milwaukee Bucks basketball team and co-founder of the Fortress Investment Group, a midtown based private equity bank. He is currently serving as the co-chief executive officer at the Fortress. He attended Capital High School and Oregon State University where he received a bachelor’s degree in Finance. In 2008, he was ranked number 962 on the Forbes billionaire list.
Before Wes Edens joined Fortress, he had previously served as the head of asset investors at BlackRock Financial Management Inc. He is also a former managing director and partner of Lehman Brothers. Wes Edens worked at the Newcastle Investment Holdings LLC between June 2002 and February 2017 as the chief executive officer. He has also rendered his services at many other firms in the chief executive officer and president positions including Global Signal Inc., Capstead Mortgage Corp, Impac Commercial Holdings and at the Global Principal Finance Group. Learn more about Wes Edens at Crunchbase.
In the year 1998, Wes Edens co-founded the Fortress, and he serves as the co-chairperson to the board of the company that includes seven members. At the Fortress, his responsibilities include heading the publicly traded and private equity alternative investment businesses. He recently announced, as the co-owner of the Milwaukee Bucks, that the Fortress Investment Group would launch FlyQuest, a new eSport franchise. According to numerous reviews, online employees are satisfied with working at the company and interns learn a lot.
Wes Edens was mentioned in the New York Times Article for the second time in five months addressing the private-equity industry. His total “take-home pay” per year adding up to $54.4 million and he appeared on the list as one of the highest earning of the private equity executives. The amount included $41 million in dividends he received as a shareholder at the Fortress Investment Group and $13.4 million of his annual total compensation at the firm.
Wes Edens Giving Back to the Community
He has made political contributions by supporting Max Baucus, the Montana Senator and by donating more than $265,000 to various candidates and political parties. He has also given more than $2.7 million to numerous non-profit organizations and educational institutions. He serves at the Chinook Charitable Trust as a trustee. Other organizations that have benefited from his generosity include the following foundation’s Environmental Advocates of New York, University of Florida, North Salem Open Land, Santa Barbara Museum of Natural History, Student Sponsor Partners and Autism Speaks. Read more about Wes Edens at cnbc.com.