Wes Edens is a prominent investor and philanthropist, whose claim to fame is being the co-owner of the Fortress Investment Group and being the owner of the NBA’s Milwaukee Bucks. He has made a great impact both in financial and philanthropic circles.
He founded the Fortress Investment Group in 1988 and took it from a small private equity firm to an asset manager managing the funds for some of the worlds top investment groups. It currently handles more than $40 billion in assets. Wes Edens private equity business has forayed into numerous fields such as healthcare, finance, real estate and media to name a few, acquiring businesses which showed great potential. One of the most notable accomplishments was the financing of the Brightline passenger rail. This has now been rebranded as ‘Virgin Trains USA’ and is currently operated in partnership with the Virgin group. It is the only inter-city passenger rail line in recent times that has been developed with private funding. Currently the Miami to West Palm line is fully functional. There are plans in the works to provide similar lines connecting Orlando to Tampa, and Southern California and Las Vegas. Wes Edens was instrumental in the acquisition of Florida East Coast Rail. A liquid natural gas (LNG) facility was set up in Miami to provide a cleaner fuel alternative for the freight rail. Wes Edens realized the potential for providing LNG to other markets around the world. New Fortress Energy has since been expanding its services to markets around the globe. Read the article of Wes Edens at dailyforexreport.com
Outside of the accomplishments of his private equity group, Wes Edens is well known for his part ownership of the NBA’s Milwaukee Bucks. The team has shown a remarkable turnaround in its progress recently, with the team holding the NBA record for the most successive wins halfway through the season. His other notable accomplishments include the acquisition of the English Aston Villa Football club, in partnership with an Egyptian billionaire.