Wes Edens, Chairman and Founder of Fortress Investment Group is the Owner of the Milwaukee Bucks and Brightline Rail Service
Wes Edens is not only the co-CEO and co-founder of Fortress Investment Group, but he is also the co-owner of Milwaukee Bucks and Aston Villa soccer term that is located in the U.K.
In 1987, Wes Edens got started with Lehman Brothers as one of his first important jobs. Wes Edens worked his way up the corporate ladder to managing director, then director there. In 1993, Edens left Lehman Brothers for the finance company, BlackRock Financial Management.
In 1997, Edens ended up leaving BlackRock to co-found Fortress Investments Group in 1998 with Peter Briger, Wes Edens, Mike Novogratz, Randal Nardone as well as Robert Kauffman. Moreover, Mr. Edens was part of the seven-member board at Fortress Investment Group.
Concerning Mr. Edens’ worth, his pay was published to be $54.4 million by Bizjournals (via The New York Times). The 54.4 million dollars (Edens total yearly compensation) at Fortress was $13.4 million. And approximately $41 million of take-home pay was dividends from Fortress Investment Group. At one point, Mr. Edens had $63.3 million shares of stock in Fortress at one point.
Mr. Edens received his Bachelor’s degree from Oregon State University in 1984 in both Finance and Business Administration. At one point in Wes Edens’ life, he was worth 2.5 billion dollars as noted by Forbes. Mr. Edens was also ranked number 369 on the Forbes list of richest at age 52.
Edens is also the co-owner of the NBA pro team, the Milwaukee Bucks. Wes Edens worked with a fellow entrepreneur, Marc Lasry to purchase the Milwaukee Bucks in 2014. The prior owner, Herb Kohl sold his team to Lasry and Edens, but they had to agree to maintain the Milwaukee Bucks in Wisconsin if they buy the basketball team. Edens and Lasry agreed to the requirements for purchasing the team as specified by Herb Kohl. Marc Lasry and Edens purchased the Milwaukee Bucks for 500 million dollars.
Recently Mr. Edens founded the company called Brightline. This high-speed rail helps travelers get from West Palm Beach to Miami. These trains also perform eight round-trips on a daily basis.