Wesley Edens is a renowned self- made billionaire businessman in the global arena. An avid investor, Wes serves as the co-founder of Fortress Investment Group, an investment management company, which specializes in the management of alternative assets in credit funds, hedge funds, and private equity among others.
Besides being the co-founder, Wes Edens also serves as the company’s Chief Investment Officer of the private equity. In his role, Wes has done a commendable job. He has made strategic investments in varied fields such as healthcare, financial services, transportation and infrastructure, media, and financial services.
Wes also serves as the Chief Executive Officer of Fortress Group, co-chairman, president, and head of private equity. Under his leadership, Fortress Group now manages more than $40.9 billion of assets. Additionally, the company has acquired several investments, courtesy of Wes. Read more about Wes Edens at Wikipedia
In 2014, Wes Edens established the New Fortress Energy. His main objective was to contribute to the global effort of a change over to consumption of renewable energy. Since its inception, Fortress Energy has come up with an ingenious solution to end Jamaica’s over-reliance on oil by introducing LNG, making the country realize its objective of fuel diversification.
Wes Edens began his successful development of the new company with a single and first liquefied natural gas plant, which was based in Miami. From this vantage point, Wes has spearheaded the effort to transform the company into a global energy supplier. As part of his business development, Wes partnered with Jamaica to build a terminal in Montego Bay. The terminal is large enough to cater for Jamaica’s energy needs.
Still, in 2014, Wes Edens, together with the Chief Executive Officer of Avenue Capital Group, Mr. Lasry, purchased the distressed Milwaukee Bucks at a cost of $550 million. As an experienced investor, Wes is set to revitalize the sinking team, just as he had done with several other earlier investments.
Within a short time after acquiring the club, Wes has built a modern sports arena for the club. The arena, dubbed as the Wisconsin Entertainment & Sports cost a whopping $524 million involved the transformation of underutilized land into a booming sports and entertainment arena. The landmark sports complex opened its doors in 2018.