Fortress Investment Group was created in 1998 by Rob Kauffman, Randal Nardone, and Wes Edens. Located primarily in New York City, Fortress Investment Group was first traded on the New York Stock Exchange in 2007 and purchased by SoftBank Group Corporation in 2017 for $3.3 billion. Further, Fortress Investment Group has about $40.9 billion in assets under its managerial watch.
Wes Edens has played an essential role in the growth of Fortress Investment Group. He brought quite a bit of experience in financial services – specifically that of alternative asset management financial services, a type of investment firm that uses a broad portfolio of high-risk strategies to generate higher returns than their safer counterparts – from a four-year stint with Lehman Brothers and another four-year stint with BlackRock and its private equity subsidiary BlackRock Asset Investors.
Born as Wesley Edens, Wes Edens has since earned a reputation as one of the brightest business minds across the field of alternative asset management. Here are a few business ventures that Wes Edens is currently involved with and a brief touching-on of his activities at those entities.
Wes Edens played a major role in landing a solid train system in southern Florida
Brightline is a train system that exists only in Florida – most of its lines are found in southern Florida, however. Believe it or not, the Brightline train system is the only train network that is owned privately; Amtrak, the largest in the United States, is owned and operated by the government.
Going from Miami to Fort Lauderdale, for example, takes only 30 minutes on Wes Edens’ Brightline, though it often takes over a full hour to make the commute during the day due to congested traffic. Passengers on all of Brightline’s routes are blessed with free wireless Internet connections, high-quality leather seats, and food.
He’s helping Aston Villa get back on its feet
Two years ago, the Aston Villa Football Club missed a shot at upgrading to the top tier of the English football pyramid worth an estimated $205 million. Since then, the club has endured financial issues and widespread losses of top players – however, Edens invested about $2.5 million in Aston Villa just last month. Bucks Wes Edens’ ‘take-home pay’ is $54M: New York Times