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WES EDENS JOURNEY IN THE FINANCIAL SECTOR AND BECOMING A BILLIONAIRE

Wes Edens is a businessman who helped found the investment group Fortress Investment Group. He’s a private equity investor and the co-owner of Milwaukee Bucks, a National Basketball Association team based in Milwaukee, in Wisconsin, together with Marc Lasry. With a bachelor’s degree in Finance and Business Administration from Oregon State University, he helped found the trendsetter Fortress Investment Group, and it is here that his career has culminated, earning him a spot in the coveted Forbes list, currently holding number 962, with a net worth of 1.6 billion dollars.He is currently the Co-Chief Executive and Co-Chairman of the Board of Directors. Though the company’s shares were bought by SoftBank Group, a Japanese multinational company, Wes has retained the position in the group.

His interest in investment has spawned one in the Jamaican Liquified Natural Gas. He has expressed his appreciation for the Jamaican authorities for taking strides in the diversification of the country’s energy production, to curb them from being too dependent on heavy fuel oils. In 2016, a project amounting to about $22 million, was started to convert a 120-megawatt automotive diesel plant to a dual facility hosting the automatic diesel oil and Liquified Natural Gas, thus removing gas turbines and heat recovery steam generator.Wes EDen’s beginnings were from California where he worked at a bank after graduating. He later joined Lehman Brothers in 1987 and served as a Managing Director and Operation Partner. There, he stayed for six years, after which he left to become a member of BlackRock Financial Management where he established a private equity fund grooming him for the bound breakthrough, Fortress Investment Group. His time in this company has brought him a fortune for the past two decades.

Wes Eden’s income is estimated to be $54.4 million per year. Most of this comes from the dividends given annually by Fortress Investment Group, amounting to about 41 million dollars. The other amount is from compensation by the group from his involvement and current position in the group. His salary from the group, however, falls in an estimated amount of about $200,000. He owns 63 million shares in the group which is where most of his wealth comes.He has also made investments in e-sports. He owns the FlyQuest League of Legends eSports team alongside Fortress Investment group. The team was created in 2017. Wes Edens has made donations to various organizations over time, which include Chinook Charitable Trust, The Ronald McDonald House of New York, where he currently lives, among others.