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Achieving success in the world of finances is not easy. One man has proven his abilities through the course of several decades. Wes Edens has become extremely well known due to the role he played in the American economy. He serves Fortress Investment Group as the Board of Directors Chairman and the co-founder. The year was 2007 when Fortress Investment Group became a part of the American economy by becoming the first publicly traded private equity investment firm on the New York Stock Exchange.
Wes Edens embarked on his career when he attended the Oregon State University. After several years, he graduated in 1984 with a Bachelor’s of Science in Business Administration and Finance. This was when he began gaining experience in the financial sector by working for the prominent investment firm of Lehman Brothers. Wes Edens was a managing director and partner from 1987 until 1993. This was when he decided he wanted to do something different and went to work for Blackrock Asset Investors until 1997. During the time he spent with the company, he was the Managing Director and a partner for the investment firm.
Once Wes Edens had established several years of experience in the industry, he made the decision to launch an investment firm of his own. He enlisted the assistance of four other professionals to establish Fortress Investment Group. The investment firm has established a reputation through creative financing and using profitable investments to build successful businesses. Fortress Investment Group was traded publicly on the New York Stock Exchange in 2007 as the first private equity firm in America. Bucks co-owner Wes Edens open to hiring woman as head coach
Goldman Sachs and the Lehman Brothers underwrote the initial public offering. Eight percent of the shares in the company were sold to the public for $600 million by the end of 2009. Wes Edens still serves as the Chief of Administrative Staff and Chairman for the company. The Softbank Group Corporation is the Japanese technology company that acquired Fortress Investment Group in 2017. This acquisition generated $140 million for Fortress Investment Group because a $2.25 premium was charged to the Softbank Corporation for the share prices. original source