For the past three decades, Wes Edens has dedicated his entire career to the industry of finances and investments. Best known for his wealth gained at Fortress Investment Group, a leading alternative investment agency out of New York in the US, Wes Edens has taken to other prospects as of late outside of finances. In particular, Wes is very fond of sports and with his accumulated wealth, he has begun investing in several different teams in different sports leagues. One of the most prominent teams that Wes has invested in is the Milwaukee Bucks, a professional Basketball team that plays in the United States. Purchasing this team hit Wes for more than 500 million dollars and that was to buy co-ownership.
More about of Wes Edens at Bloomberg.
Since Wes Edens has started managing the Milwaukee Bucks, the team has been able to reach the playoffs three seasons in a row, despite their ten-year absence before Wes’ arrival. Wes isn’t just focused on his management of the Milwaukee Bucks, however, since he owns other sports teams as well. Nassef Sawiris and Wes Edens went into business together to purchase a soccer team known as Aston Villa in the UK. The team itself has been around for more than a century and has a net worth of around 100 million dollars, which Wes put a fifty-five percent stake into. Over the past several years, eSports has been growing as an industry and there are billions of dollars going in and out of the market every year, which is why Wes has involved himself in this scene as well. Currently, Wes owns a professional team in League of Legends which competes under the name, FlyQuest.
Although Wes is putting a lot of his extra time into sports, he is still an active board member at Fortress Investment Group and contributes to the company’s success on a yearly basis. It is because of the efforts of Wes that Fortress has been able to grow into a multi-billion dollar corporation managing more than 70 billion dollars.
Read more: https://www.fortress.com/about