Wes Edens, the Savvy Businessman and Sports Enthusiast
Wes Edens has always had a thing for sports. In the year 2014, he partnered with Marc Lasry and purchased the Milwaukee Bucks basketball team for the amount of 550 million dollars. Since then, he has been a huge part of the management of Wisconsin team which was reported to be worth 1.075 billion dollars as of February 2018. He also started a project to build a new sports arena for the team. With the success of this team, it was only natural that he becomes interested in making more investments in sports. He and another partner of his, Egyptian Billionaire by the name Nassef Sawiris recently bought more than half of the stakes of the English soccer club known as Aston Villa. By doing so, they are taking over form Chinese mogul Tony Xia who had acquired the team in 2016. Tony is, however, to remain on the role of co-chairman in coordination with the two billionaires according to the official statement released by the team. Wesley Edens is excited about this new venture and has a lot in store for the team.
Who is Wes Edens other than a sports fanatic and billionaire?
Wes Edens is one of the founders and principals of Fortress Investment group. Since the company was founded, he has been an active part of its management. Even after the sale of the company to SoftBank which earned him more than a billion dollars, he still remains among the heads of the company. He recently launched the company’s Brightline train project which he is in charge of. Before founding fortress with his partners, Wesley Edens worked at Lehman Brothers firm and before that, he was a partner at the BlackRock firm as well. he is also the founder of the New Fortress Energy and the chairperson of the Nationstar Mortgage company. This is a company that does subprime lending of home mortgages. It was previously known as the Centex Home Equity Firm.
Wes Edens was born in the year 1961 and attended the University of the State of Oregon where he got his B.S degree in Finance and Business Administration.
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