About Wes Edens
Wesley Robert Edens is ranked #962 with a net worth of $1.2 billion on Forbes World Billionaires list. Wes Edens is a self-made billionaire who co-founded Fortress Investment Group in 1998 along with Robert Kauffman and Randal Nardone. He sits as one of 7 chairmen on the company’s board. Fortress was the first private-equity and hedge-fund manager to go public in the U.S. Wes attended Oregon State University where he studied finance. Wes Edens was a partner at Shearson Lehman Brothers Inc. and BlackRock Inc. before he co-founded Fortress. His early investments include cell towers, tourism, ski resorts and Chinese senior-living facilities.
Wes Edens Sports Interest
Wes is a co-owner of the Milwaukee Bucks, a National Basketball Association team. His recent involvement in sports includes joining with his co-owners and constructing a new arena in downtown Milwaukee. Wes bought into the team back in 2014 with his co-owners for $550 million and has already doubled his money. Over the past year alone the team’s valuation has skyrocketed by 37% making the valuation just over $1 billion dollars.
Wes Edens Annual Salary
According to BizJournals, in 2016 Wes’s overall take-home pay was at about $54.4 million per year. This amount includes his annual compensation at Fortress Investment Group of $13.4 million plus $41 million in shareholder dividends.
Wes Edens plans to build a train line between Miami and Orlando Florida as well as a liquefied natural-gas plant in Florida. Wes is most proud of his Springleaf project which assists in financing for those who do not have the highest credit score. The program has received a bit of scrutiny from the industry but he is happy to be able to provide a service that can assist everyone.