Wes Edens; the Face behind Fortress Group Investment

Wes Edens has achieved tremendous success as a businessman and specifically as the head of Fortress Group Investment. He is the co-founder of the group, others being Peter Briger, Randal Nardone, Robert Kauffman, and Michael Edward. Wes together with his partners has seen the company grow to become a publicly traded company, with an 8 percent share sold to the public for 600 million dollars by 2009. Wes Edens’ style of investment has been recognized by The Wall Street Journal as based on “contrarian bets, creative financing and a knack for building a business from investments.”

Wes Edens has been instrumental in the survival of Fortress Group Investment as he notably prevented it from collapsing during the subprime mortgage crisis; while he was the Co-Chairman of the Board of Directors in 2009, Wes offered subprime lending to redeem the company when it was on the verge of collapsing. Accordingly, he was able to raise the price of shares which had fallen below one dollar. Noteworthy, Nomura Holdings acquired 15 percent shares of the company for 888 million dollars in 2006, making Wes and his counterparts paper billionaires.

Wes Edens is also the Chairman of Springleaf Financial Services, a company he acquired under the umbrella of Fortress Group Investment, thus making the latter the principal shareholder. As the Chairman, he saw the worth of the company shoot at 3.5 billion dollars from its initial value of 124 million dollars. Such unprecedented entrepreneurial prowess saw The Wall Street Journal describe him as the new king of subprime lending. Fortress Group owns the majority of Sringleaf (80 percent shares acquired for 125 million in 2010). Wes is also the Chairman of Nationstar Mortgage, a company acquired by Fortress Group in 2006 for 525 million dollars. Bucks co-owner Wes Edens open to hiring woman as head coach

Besides managing Fortress Group Investment, Wes Edens also co-owns a National Basketball Association franchise, Milwaukee Bucks that he acquired for 550 million dollars in 2014. Additionally, he owns a professional video game known as FlyQuest which competes in the North American League of Legends Championship Series. Wes is married to his wife Lynn, and they have four children. His facebook page