Wesley Edens is a New York-based self-made billionaire who made it to position 962 in the Forbes billionaires list in 2008. He currently serves as a co-Chief Executive Officer at Fortress Investment Group since 2017. Wesley Edens, also called Wes, served as CEO of the firm for six years since 1998. Furthermore, Wesley co-founded Fortress and has been serving as its Private Equity Chief Executive Officer, principal, president of private equity and co-chairman for nine years now. His responsibilities are to oversee private equity and alternative investment businesses.Wesley’s career kicked off in 1987 at Lehman Brothers, a global investment bank dealing in equity and fixed income sales and trading, private equity, and private banking. He served there as a managing director until 1993. Later, Wes Edens moved to Black Rock Asset Investors as a partner and managing director until 1997. He has an educational background in Finance and Business Administration where he graduated with a degree from Oregon University in 1984.
Employees in Fortress Investment Group have described the working environment as challenging, friendly employees, thus encouraging teamwork and a flat organization structure which has made communication very easy. In addition, they have described human Resources as exceptional and praised the firm for giving them exposure in their particular fields.Wes Edens co-owns the Milwaukee Bucks, an NBA team located in Milwaukee, Wisconsin. Edens also owns a video game called League of Legends developed and published for Microsoft Windows. Recently, Wes stated that his Fortress Investment group will launch a brand-new E-sports team by the name FlyQuest. E-sports means organized multiplayer video game tournaments among professional players.
This franchise has organized a team to play in the North America League of Legends Championship series. Fly Quest will most likely succeed given Edens’ experience in sports and business. Long-term growth will be achieved through sponsorships, partnerships, and an active fan base. Wes Edens described e-sports as rapidly growing, and he is positive that with time, FlyQuest will become an internationally recognized organization.According to biz journals, Wes Edens has a ‘take-home pay’ of $54.4 million annually. This amount is the total compensation at Fortress of $13.4 and close to $41 million in dividends received as a shareholder. Due to this, He appeared in a list of ‘Very High Earning Private Equity Executives.’ According to a report by Fortress, his total wages are in addition to his $200,000 salary, close to $1.1 million in stock awards, a bonus of $11.6 million and $478,493 in other allowances.