Wes Edens, the Chairman and Founder of Fortress Investment Group

Wes Edens is the co-CEO, co-founder of Fortress Investment Group LLC. Fortress which was founded in 1998, is one of the world’s largest alternative asset managers with approximately $40 billion of assets under management for over 1,700 investors in private equity capital vehicles and hedge funds.

It is headquartered in New York and has offices all around the globe. In 2018 fortress was sold to Softbank group Corp. for approximately $3.3 billion but the principals including Wes Eden would continue their leadership roles.

Before co-founding Fortress, Wes Edens began his career at Lehman Brothers in 1987 where he was a partner and managing director of Blackrock Financial Management Inc. until 1997.

Wes Edens is one of the three founders of Fortress Investment Group who are still in the company.

The other two founders are Randal Nardone who is the Chief Executive Officer of the company since 2013 and Peter Briger who joined fortress in 2002. Peter has served as a member of the board of directors since 2006 and was then elected co-chairman in August 2009. He oversees credit and real estate.

Edens investment approach is described as one based on creative financing and a move for building the business from investments. This ensures a high tolerance for complexity that seeks substantial returns from instruments under distress or in disfavor with capital markets. His dedication and readiness to tackle complicated situations qualities are what the fortress is based upon.

Wes Edens has also come up with the only privately owned and operated passenger train system in the country which offers an option for those looking to travel between two major South Florida cities. This is a faster means of travel a big step to reduce traffic and gives commuters a more environmentally friendly travel option.

Wes Edens together with Egyptian billionaire Sawiris agreed to partner and bought a majority stake of an English soccer team Aston Villa. They will acquire a 55 percent stake in the group which is approximately 30 million pounds. This also includes funding the soccer team in its operations.

Tony Xia, the co-chairman, said that with such strong partners the club would fight to regain their success at the top division of the country.

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