Tag Archives: Financial Services

Wes Edens: Climbing Mountains in Financial Advisory and the World

Published / by TheHI

Wes Eden is Co Executive Officer and the co-founder of Fortress Investment Group LLC. Fortress is a diversified investment manager created in 1998. It has grown to occupy offices all over the world, with over 900 asset management employees, over 1,750 clients and $43.6 billion in assets. Their largest asset is in credit private equity. Fortress seeks to assist individual clients and companies with undervalued assets or who have limited cash flows. They use innovative problem solving techniques to secure capital for these clients to give them the opportunities to expand. Wes Edens has been on the board of directors since 2006. His responsibilities lie in the company’s private equity, and in the publicly traded alternative investment businesses.

Wes Eden grew up in Montana and went to Oregon State University. There he received a B.S. in business administration in 1984. He started work three years later at Lehman Brothers as a managing director and partner. Then he went to BlackRock and worked in the private equity division. He was a managing director and partner till 1997. Finally, he co-founded Fortress Investment Group in 1998. He, his wife Lynn and their children now live in New York. He was ranked #962 in the 2008 Forbes billionaire list. According to BizJournals, Wes Eden’s take home pay was $54 million. Wes Edens is interested in many things outside of Fortress. He co-owns the Milwaukee Bucks with Marc Lasry, which he announced he would like to keep in Wisconsin and even build a new arena for the team. He also owns a team called FlyQuest.

FlyQuest is a professional video gaming team in eSports. ESports are a multi-player video game competitions that are played by professional video gamers. Millions of spectators watch online or in convention stadiums. The players compete for prize money, and the global eSports market was expected to make nearly $500 million in 2016. The organizations became quite popular in the 2000’s, and have over 17 million spectators now. The FlyQuests are competing in the North American League of Legends Championship Series. In his down-time, he enjoys mountain climbing, and horseback riding. Wes Eden’s work ethic and career show that he not only has the grit to make great things happen, but he has a fun side too. Whether he is assisting clients and his company in their efforts to grow, or climbing the next biggest peak, he hasn’t shown signs of slowing down.

Source of the article : http://www.nbcsports.com/philadelphia/tags/wes-edens