An ind-depth glance at Wes Edens journey to becoming Chairman & Founder of Fortress Investment Group

Wes Edens began his vocation with California Savings and Loan before doing short stretches at Smith Barney and Merrill Lynch. In 1987, he joined hands with Lehman Brothers where he served as Partner and Managing Director in the mortgage trading sector until 1993. He later joined BlackRock the same year where he also served in the same position in the firm’s affiliate (BlackRock Financial Management). In the associate, he started BlackRock Asset Investors: his first private equity fund. In 1997, he joined hands with UBS and worked as the Managing Director of its affiliate.

In May 2009, Edens received the honor as a Recognized Business Professional by Oregon State University. Edens enjoys different hobbies, and one of them is mountain climbing. He managed to climb Matterhorn Mountain in Switzerland; and Pingora and Grand Teton Peaks in Wyoming. He possesses ice axes marked by well-known climbers Reinhold Messner and Sir Edmund Hillary; and still, he has the dreams of climbing Mount Everest. He is a man full of generosity and has given more than $2.7 million to different educational establishments and NGOs. Edens fills in as a Trustee at the Chinook Charitable Trust and primarily gives to health, art related and educational causes. His lifetime giving surpasses $2.7 million.

On February 9, 2007, Fortress Investment Group under his leadership started operating on the New York Stock Exchange. The firm that runs both private-equity investments and hedge funds was part of the phenomenal rush of cash bringing forth more money, and to individuals who dealt with others’ fortunes made much more noteworthy fortunes for themselves.

Edens, the C.E.O., is a cerebral, exceptional, and private wunderkind who built his reputation at Lehman Brothers and a fortune for his company purchasing resources from the Resolution Trust Corporation. He partnered with Lehman when he was scarcely past 30.

Edens is the chairman of Nationstar Mortgage, previously in the past known as Centex Home Equity Company, LLC. The subprime home value mortgage-lender was obtained in 2006 by Fortress for $575 million. Edens style of investment was portrayed in 2007 The Wall Street Journal as a professional and investor who built his skills on creative financing, contrarian bets and having ability for building a business from investments.