Wes Edens also known as Wesley Robert Edens is a co-founder of Fortress Investment Group founded in 1998 with five others. His investment style was described as one of creative financing by a Wall Street Journal in 2007 also named as ‘New King of Subprime Lending. This was after the purchase of Springfield Financial Services, a subprime lender by Fortress Investment Group at the request of Edens. There was also another purchase of subprime mortgage lender, of which he is its current chairman.
He serves Fortress Investment Group as its co-chief executive officer, co-chairman, head of private equity, president of private equity, principal, and private equity chief investment officer. This wildly successful career was prepared by pursuing a Bachelors of Finance and Administration at Oregon State University in 1984.
Before founding Fortress Investment Group he was a partner at BlackRock Financial Management Inc, and also its managing director. Wes Edens held similar positions similar positions at Lehman Brothers. Thus the founders came with vast experience with an aim to craft an “alternative-asset” strategy. This was done by raising private equity and investing in revolutionary medium. One of the first investment was in real estate with a growth from $500 million to $3.5 billion being felt.
Wes Edens has come up with an improved way of getting around Florida. Gridlocks have rendered it impossible to commute for less than an hour from Miami to Florida. Fortress Investment Group owns the rail systems. Being the only privately owned passenger train in the country, Brightline took its 30 Minute inaugural trip on May 2018 with passengers enjoying it facilities inclusive of free Wi-Fi and food service.
Media, healthcare, financial services, real estate, transportation, and infrastructure are among the different industries that Wes Edens invests in. He and Nassef Sawiris, a billionaire businessman, have purchased the controlling stake, Aston Villa, a football club, with an aim of a full takeover. Villa has been said to be making loses of 5 million Euros per month while it actually needs a whooping 75 million Euros to operate. To be clear-cut, the two own NSWE the company with a majority stake of the team.