King of investments: Wes Edens
Wes Edens is an American businessman and a private equity investor. He studied finance and BA at Oregon University and graduated in the year 1984. After graduation, he started out on his career path at Lehman brothers as a partner and MD till the year 1993. Still, as a managing director and partner, he moved to one of BlackRock’s private equity divisions known as Black Rock asset investors. Wes Edens worked till 1997. Later on in the year 1988, Wes Edens became one of the five principal owners of the Fortress Investment Group among Pete Briger, Robert Kauffman, Randal Nardone and Michael Edward. According to the wall street journal, he was well known for his style in creative financing and having a skill for building businesses from investments.
Eden and his partners took the company public, and in 2007, it became the first ever publicly traded out buyout firm. In December 2006, he and his partners became billionaires from the buyout of 15% of the company by the Chinese company Nomura holdings for 888 million. He became the co-chairman of the board of directors in 2009 and helped the company have a comeback from its stock price falling below the dollar through subprime lending. He serves as the chairman of the Springleaf financial services, which is a subprime lender and has its worth at 3.5 billion which is 27 times than the original investment for fortress investment group in 2010. He served as the chairman of fortress transport and infrastructure investors for one year, between 2015 and 2016.
Fortress then created a professional video gaming team called Fly Quest which currently has a team in the league of legends which competes at the NLCS. By promising to keep the new team in Wisconsin by replacing the BMO Harris Bradley Centre, Eden and Marc Lasry bought the Milwaukee from Herb Kohl for 550 million dollars. He is also the chairman of the subprime equity mortgage lender by the name Nationstar, previously known as Centex home equity company that was bought by a fortress in 2006 for 575 million dollars.seatheocean on .