Wes Edens is the founder and co-owner of Fortress Investment Group LLC. He has a net worth of 3.8 billion dollars and was ranked number 139 on the Forbes 400 in 2018. He earned his Bachelor’s degree from Oregon State University in 1984, majoring in finance and economics.
According to Wikipedia, Edens joined BlackRock Financial Management as a partner when it opened its doors on March 1, 1988; he became president in 1993 and chief executive officer (CEO) in 1995. Edens served as CEO until 2004 and again from 2006 to 2007. In 2011, he became the group’s executive chairman and stepped down as CEO in December 2018.
In 2006, Fortress was founded with $21 million in seed capital. The company’s assets quickly expanded beyond that point and it now owns or manages more than $15 billion worth of a real estate.
In 2010, Wes Edens joined Technology Crossover Ventures (TCV) as an independent director. In 2011, the firm invested about $50 million in Fortress. In 2012, TCV invested an additional $43 million in Fortress. In 2013, TCV invested another $25 million and became one of Fortress’s largest shareholders.
Before his role as CEO, he served as head of the U.S. fixed-income group and was managing director at Lehman Brothers from 1987 to 1993. He also worked for Citibank for 11 years, where he started in 1984 as a management consultant after graduating from Oregon State University.
Wes Edens is a multi-billionaire hedge fund manager and co-owner at Fortress Investment Group. He was ranked 139th on the Forbes 400 in 2018 with a net worth of $3.8 billion.