Wes Edens is an American businessman and billionaire. He was born in 1968 and is currently the co-founder, chairman, and chief executive officer of Fortress Investment Group LLC.
Edens became a billionaire when he co-founded Fortress Investment Group LLC in 1998 with two partners while they were graduate students at Princeton University. Before launching their company, the three of them worked as investment bankers for Lehman Brothers.
Wes Edens is best known for co-founding Fortress Investment Group, a private equity firm in over 100 cities worldwide. His significant achievements with the firm were:
- In June 2007, Fortress was awarded an exclusive franchise agreement to manage Lehman Brothers’ $3.9 billion public pension fund portfolio. It gave the company a $17 billion leveraged buyout of Lehman Brothers.
- In 2007 and 2008, Wes Edens and the executives of Fortress Investment Group invested in three high-profile companies that were in bankruptcy: RailAmerica in January 2008, General Growth Properties, Inc. in February 2008, and Neff Corporation in October 2008. It was reportedly the most significant private equity fundraising at that time. The net worth of Wes Edens increased significantly due to these investments.
- On May 14, 2007, Wes Edens was appointed a member of the New York Stock Exchange (NYSE) Board of Directors (NYSE).
His PRIVATE LIFE
In January 2005, Wes Edens married Leigh Ann Simmons. The couple presently resides in New York City. They have two young children.
In his free time, Wes Edens is an active sportsman who regularly plays baseball and golf with his family and friends.
He has been ranked among the wealthiest Americans in the financial industry. He was ranked eighth in Forbes Magazine’s Midas List of Top Investors (June 2008). In addition, he has received several honors for his business achievements, such as the Fixed Income Trader of the Year Award of 2003, presented by The Bond Buyer (2003), among others.
Learn more about Wes Edens: https://www.newfortressenergy.com/about-us