Five Fun Facts About Billionaire Wes Edens That You May Not Know
Many people in the sports world know Wes Edens as being the owner of the Milwaukee Bucks. Those in the financial world know Edens as being a very successful hedge fund investor. However, there may be a few things about Wes Edens that most people do not know. Let’s take a closer look.
It all Began with Lehman Brothers
In 1984, Wes Edens graduated from Oregon State with a degree in Finance Business. A few years later, he got his first job in the investment industry when he was hired by Lehman Brothers. Edens was responsible for seeing the company through the Black Monday crash in October 1987.
From there, Edens went to work for Blackrock Financial Management. According to Wes Edens, it was for Blackrock that he raised his first fund. It was not too long after that when Edens decided it was time to be his own boss.
More information about Wes Edens at moneyinc.com
Fortress Investment Group
Edens co-founded Fortress Investment Group with Rob Kauffman and Randal Nardone in 1998. Fortress Investment is responsible for the biggest part of Edens wealth. Edens made Forbes top 500 wealthiest people in the world list in 2007. However, it is not all about work when it comes to Edens. He does have some hobbies outside of the office.
In 2014, he became co-owner of the Milwaukee Bucks with Marc Lasry. In order to close the deal, Edens and Lasry had to commit to investing money in the Bucks facilities. The two figured they could apply their accomplishments from the business world to the basketball world. Edens also owns Ashton Villa, an English Premier League Club.
In 2016, Edens take-home pay was estimated $54 million. This estimate included stock dividends as well as compensation from work and other obligations.
Mallory is Edens daughter who has big ideas. She is a Princeton graduate who wants to buy the Knicks. She is very local about the fact that women are not properly represented in sports. We may see her and her dad face-off soon.