Wes Edens is an exemplary name in the entrepreneurship industry. He is the co-founder of the distinguished Fortress Investment Group. He heads the private equity sector as the chief investment officer, president, co-chief, and principal. With an academic background in Finance and Business Administration from Oregon State, his career propelled exponentially. He started by investing in the Lehman Brothers as early as 1987. His net worth from the past three decades has collated to an amount of $2.65 billion.
By 2007, Wes Edens was among the top-ranking 500 most affluent people in the whole universe as per Forbes. At this time, he was at Fortress that made about roughly $40 billion. On his part, he owned approximately 72.8 million shares with a value of 2.2 billion. His wealth accumulation also involved the purchase of the Bucks in April 2014. He partnered with Marc Lasry to buy the Milwaukee Bucks for $550 million.
Plus, in 2005, the Fortress Group traded out the minority interests to Nomura Company in China and made $890 million. Out of the amount, Wes Edens took home $150 million. On the flip side, he is the co-owner of the Ashton Villa the English Premier League Club. That explains how he accumulated the wealth he has over the past 30 years. On other investment matters, Wes Edens has the goal of building a passenger railroad that is private in Florida at $ 3 billion.
Additionally, Wes Edens his salary in a year totals up to approximately $54 million. It is inclusive of the dividends he receives as a stockholder and the compensation as well. His name is also gaining ground because of Mallory, his daughter, who intends to make the NBA team her own. She reiterated that she has eyes on Knicks, and within no time she will purchase the franchise. As of 2017, the asset was worth a value of about $3.3 billion and belonged to James Dolan. In her statement to Bleacher Report, she said that women were left out in the sports industry. However, she wants to change that by owning the Knicks and giving top positions to women.