The Investor and Milwaukee Bucks Owner Wes Edens

Wes Edens is a success story in the world of investing. Wes Edens started out his career with earning a Bachelors degree in finance and business administration from Oregon State University and going on to working at Lehman Brothers in 1987. He was a partner and managing director at Lehman Brothers until 1993. He went on to work at BlackRock Asset Investors as a partner and director until 1997. After his time at BlackRock Asset Investors, Wes Edens went on to be a founding member of the Fortress Investment Group. Learn more at newfortressenergy.com about Wes Edens

The Fortress Investment Group is where Wesley Edens is living out his dream career as a principal investor, leading director, and founder. Fortress invests into infrastructure, transportation, healthcare, real estate, financial services, and media. The investment group is currently working on an investment project into a train style transportation system in Florida that is estimated to be about $3 billion.

In 2014 Wesley Edens and Marc Lasry purchased part ownership of the Milwaukee Bucks NBA team from Herb Kohl. They paid about $550 million for their part of the team. They were able to make the purchase after promising to keep the team located in Wisconsin and that they would build a new arena for the team to play at. This proves that even though Wes Edens is a heavy hitting investor, he is also willing to invest into an underdog team. The Milwaukee Bucks have not had played in a championship in nearly a half of a century. His investment into the underdog team has paid off for him though, with the value of the ownership now at about $1.075 billion. The Bucks have benefitted with a new stadium and more attention with Wes Edens being a part owner of the team. In a stunt to get more attention for the Bucks, Edens asked his 18-year-old daughter Mallory to be the team’s representative for the NBA draft lottery. The move gave his daughter and the team quite a bit of attention from the media during the draft lottery.

Visit: https://www.marketscreener.com/business-leaders/Wesley-Robert-Edens-05HFN1-E/biography/

 

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