In 1984 Wes Edens future looked bright. He had just graduated with a Bachelors in Finance from Oregon State University. While many people go on from college to live an average life, he made sure his life was far from average.In 1987 he became a partner and managing director at Lehman’s Brother where he stayed for six years. Afterward, he went to a private investment firm before he started Fortress Investments with four other gentlemen.What makes their company unique is the fact that they became the first public buyout firm in 2007. With Wes Edens ability to look at his company with, as the Wall Street Journal puts it, “contrarian bets, creative financing and a knack for building a business from investments” the company soared, selling eight percent of their stocks for a total of six hundred million by 2009.
In addition to focusing on his own business, he gladly helps with other companies that Fortress Investments has acquired. One of these is Springleaf Financial Services, which at the time of purchase was known as American General Finance. This is particularly special to Wes Edens because he spearheaded the purchase of this company and helped it to grow from one hundred and twenty-four million dollars initial investment to three point five billion dollars in a mere five years.Another company is Nationstar. Nationstar is a mortgage company. After purchasing the business, he helped them focus their efforts on advocating for rehabilitating foreclosure homes which helping them to sell at better prices.
This was crucial as he came into the company two years after the recession hit.One of his accomplishments not related to his business was the purchase of the Wisconsin Bucks Basketball Team in 2014. He promised the community that he would keep the team in Wisconsin and build a new area for the team as well. In 2016 he held to his word and the five hundred and twenty-four million dollar project is set to be completed later this year.Many of us want to do great things but in the last thirty-four years since his walk across that college stage, Wes Edens has done great things and he is not stopping here.