The finance industry is one of the hallmarks of the modern American economy. No other company has made quite the statement as Fortress Investment Group has made in the last several decades. Fortress Investment Group became America’s first publicly traded private equity investment firm in 2007 whenever it launched its initial public offering. At his initial public offering, the company was able to sell it percent of the company stocks for a total of $600 million. The company was originally founded by its five principal founding members including Wes Edens. Wes Edens is best known as an American businessman and entrepreneur. He originally began his career by working for financial industry investment firm Lehman Brothers. At Lehman Brothers, he worked as a managing director and a partner for the investment firm.
After working at this investment firm, he switched career tracks and began working for Blackrock asset investors. At this investment firm, he also worked as an investment firm partner and managing director. It was in 1998 after around ten years worth of experience that Wes Edens decided that it was about time for him to launch his own company. He along with the other four principal founding members of Fortress Investment Group’s launch their company that year. During the company’s formative years experience significant growth by expanding its asset holdings by 39.7% in the span of around seven years between the years of 1997 and 2006. It was then in 2007 that the company held its initial public offering.
Wes Edens had his investment style described by numerous publications as one that is comprised of creative financing, and his ability to create businesses that are thriving through successful investments is commendable.In 2017 Wes Edens guided the company through a corporate acquisition by Japanese technology company Softbank group Corporation. During this corporate acquisition, Softbank group Corporation purchased Fortress Investment Group for a premium on their stock price. This premium was a total of $2.25 higher than the stock was currently trading at market value. This led to an overall increase in the corporation’s evaluation by around $140 million. Without the expert guidance of Wes Edens, a deal such as this would not have been possible. Wes Edens is also known as the owner of the Milwaukee Bucks a national basketball Association basket team. He originally went to school at the Oregon State University and graduated with degrees in finance and business ministration. Learn More.