Man with a Plan- Wes Edens

Born on October 30, 1961 in the United States of America, Wesley Edens is an American by nationality.He acquired a B.S. in Finance and Business Administration from Oregon State University in 1984. Wes Edens is a private equity investor and hedge fund manager and a businessman. The initial days of his career(to be precise, around 1987) was spent at Lehman Brothers where he was a partner and a managing director.In 1993, he then switched his gears towards BlackRock’s private equity division’s BlackRock Asset Investors where he worked till 1997. Finally in 1998,Wes Edens along with four other principal partners found Fortress Investments. In February 9,2007 Fortress was the first publicly traded buyout firm through initial public offering.

By 2009, Fortress successfully sold 8% share to public for $6oo millions.Later, in December 2006, Nomura Holdings (Japanese financial holding company) 15%of Fortress for $888 millions resulting in making Wes Edens and his partners paper billionaires. In 2009, he became the co-chairman of the board of directors of Fortress.He has had a great share of involvement in the acquirement of Springleaf Financial Services which eventually led Fortress to become a major stakeholder in Springleaf. Eden along with Marc Lasry have also bought the Bucks of Wisconsin from Herb Kohl for $540 million in 2014. This self made personality is anticipated to take home $54.4 million per year. His whooping take home pay includes $13.4 million from Fortress Investment Group as annual total compensation and around $41 million in dividends. He comes under the list of “Very High Earning Private Equity Executives” as well.

Fortress Investment Group of which Wes is the co-founder has happy and satisfied employees according to the various reviews of the company by many of its employees in various online websites.The company is explained as a fast pacing company which challenges its employees and at the same time recognizes the hard work that one is putting into the company. The company is dynamic in nature and encourages its people to move briskly with time.Even those who have worked there for a short period of time mention their time in the company being fruitful and worthwhile.People working there find their workplace having high energy and giving them that adrenaline rush towards their work.

Learn More : https://gazetteday.com/2019/03/wes-edens-expands-his-sports-holdings-with-purchase-of-english-soccer-club/

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