The Experienced Wes Edens


Wes Edens is a co-founder and the CEO of Fortress Investment Group. His journey of becoming a prominent figure in the world of business has taken turns and twists that has enabled him to gain valuable experience. For instance, he started his career in the early 1980s where he did a short stint in California Savings and Loan at Merril Lynch and Smith Barney. Wes Edens later moved and joined Lehman Brothers where he served customers in the mortgage division as Partner before he later became the Managing Director in the year 1993. He later joined BlackRock from the year 1993 where he becomes the managing director and a partner of the subsidiary company that is the BlackRock Financial Management and then formed his first private equity fund referred as the BlackRock Asset Investors. Later in 1997 he went on to join UBS and became the Managing Director of the other affiliated companies.

The idea of incorporating and forming the Fortress Investment Group begun in the year in 1997 when together with his two colleagues Randal Nardone and Robert Kauffman resigned from UBS to concentrate on their new venture. The formation of the Fortress Investment Group was to invest in the resources in distressed assets. To be competitive in the market, Fortress Investment Group and Goldman Sachs Group joined forces to become one making it possible to pool the resources. In the year 2005, Wes Edens via Fortress Investment Group is said to have refinanced the $272.5 million debt that Michael Jackson is said to owe the Bank of American. The company has experienced significant growth, and in the year 2007, it was listed in the New York Stock Exchange where Wes Edens holds more than 18.1% stake estimated to be worth $2.3 billion.

Currently, Wesley Eden is worth at least $940 million. Rather than business, Eden has played a significant role in a charity where he donates his resources to support the good courses that aim at improving the living conditions of the needy in the society. Eden contributions mainly target education, health and art-related aspects that enhance the living standards. For instance, not long ago, the donations have exceeded $2.7 million which is distributed across various institutions in the community. Some of the benefactors of the donations are Martha’s Vineyard Hospital, Samuel Waxman Cancer Research Foundation, University of Florida, and other foundations that deal with environmental protection. Wes Eden has played a significant role in navigating Fortress Group to success.