Wes Edens: One Smart Cookie

Wes Edens is one smart businessman. He is known for going in on things at just the right time and when to sell things off. He has a knack for creating things and making a business pay off for him and his partners. He is also one of the co-owners of the Milwaukee Bucks. This is the life of billionaire Wes Edens.Wes Edens always knew that he wanted to go into business for himself. He graduated from Oregon State University with a bachelor’s degree in business and finance in 1984. After that, his career started to take off. In 1987 he started working for the company Lehman Brothers and people started to take notice of him. For the next ten years, he worked hard and eventually became a partner and managing director of the firm. He left the company in 1997 and really began to make his mark the following year.

Wes Edens was one of five partners who founded the company Fortress Investment Group in 1998. This is where his business savvy really paid off. He was able to build the company up over the years by taking on challenges that other business owners would pass on. The company made a fortune by being publicly and privately traded. A Japanese investment company came along and bought fifteen percent of Fortress. This made all of the co-founders of the company instant billionaires. He also stayed on at the company when it was going through difficult years as the real estate sector recovered from a recession. In early 2018, Fortress was sold to Softbank Group Corporation for over three billion dollars.

While he was helping with the Fortress Investment Group Wes Edens and his friend Marc Lasry combined their business acumen to purchase the Milwaukee Bucks. The purchase price was five hundred fifty million. One of the guarantees of the deal was that the team would stay in Milwaukee. The new owners of the team also helped build a new arena for the team as well. Making the smart deal is one of the reasons why Wes Edens has become a phenomenal success.This is just a small part of the life of Wes Edens. He is a man used to the adventures of the boardroom as well as mountain climbing and horse jumping. This is a man who doesn’t sit on his laurels but lives his life to the fullest.