Few people can achieve as highly as Wes Edens. He is the Co-CEO of Fortress Investment Group. This self-made billionaire ranks no. 962 in Forbes with a net worth of over 1.5 billion dollars. He holds various positions in the company including, Private Equity Principal Investment Officer, President of Private Equity, and Co-Chair.
- Edens attended the Oregon State University where he graduated with a Bachelor’s Degree in Arts/ Science. He is happily married to one wife and a proud father of four.Additionally, he is the co-founder of Milwaukee Bucks, Inc. Wes Edens served as the CEO of Newcastle Investment Holdings LLC for five years since 2002. Mr. Wes Edens also sits a board member in most financial companies including, Fortress Credit Corporation, Drive Shack Inc., Mapeley Limited, Springleaf Finance Corporation, and New Media Investments.Fortress boasts of being home to many dedicated employees who are focused on providing financial solutions to clients to maximum satisfaction. The working environment is both suitable for individuals seeking to progress professionally to those seeking internships and hands-on-job experience. According to Glassdoor employee reviews, the company presents a valuable staff experience with significant benefits. Most employees approve of the top management and its suitability in ensuring employee satisfaction and career development.
National Security Regulator, Cfius, Intervenes
In a 2018 statement issued in Financial Times, The US national security agencies have compelled Japan’s SoftBank to surrender its authority over Fortress Investments Inc. before it approves its alleged acquisition of the privately-owned company late last year.As per reliable reports from parties that have been briefed on the story, the fact that SoftBank partnered with the US Foreign Investment Committee means that the bank has limited control over how Fortress manages its $38 billion-dollar assets.Cfius, an inter-governmental agency, oversees deals to ensure they are of no harm to national security. Hence, it has the powers to mitigate such issues or bar such deals outright. The agency pointed out Softbank had representatives within Fortress’s Board of Directors. Regardless, there are regulations on whether it can exercise authority over the Fortress’s operations. The pact signed with Cfius means that Softbank’s ownership of the company was only economic and no more.Wes Edens success is an excellent expression of what hard work and focus can do. He is a self-made billionaire who, through his Fortress Investment firm, has impacted many lives and companies through positive disruption of financial markets.