Category Archives: financial firm

Billionaire Wes Edens Invests Major Stakes in the Sports and Transports Industries

Wes career at Fortress Investment Group

Since its establishment in 1998 by Wes Edens alongside two others, Fortress Investments Group has risen to become a pacesetter in the investments industry across the United States. Before the formation, the trio had extensively worked for well-known corporations such as the Lehman Brothers, UBS, BlackRock Management Firm and Goldman Sachs where they gathered extensive knowledge in business formation and administration. Armed with the exquisite experience, they embarked on setting up the private equity firm in a bid to offer an alternative asset management strategy.

The firm was listed on the global map in 2017 when it became the first privately owned equity firm to go public at the New York Stock Exchange. Since then, Fortress Investment Group has become a force to reckon, with its net worth skyrocketing to a tune of $32.6 billion, accrued from an initial investment of $400 million. Under the stewardship of Wes Edens, the company controls assets worth $43 billion on behalf of at least 1750 investors.

Wes Edens Establishes Privately Owned Train

Road transport across Florida has been a thorn in the flesh for majority residents in the States. This mode of transportation is adversely unreliable due to the distractions meted upon commuters if and when an accident occurs or during rush hour where traffic snarl-ups become the norm. However, the establishment of a privately-owned train system by Wed Edens has eased the movement of people and goods across the streets of Florida to Miami and Lauderdale. The system has gone down in history as the only privately owned railway transport system in America. The train dubbed, Brightline, cruises at breathtaking speeds of 80 miles per hour. Apart from being supersonic, the system offers a wide range of costs ranging from as low as $10 to $15 based on the commuters’ needs, and an inbuilt Internet system that gives passengers the opportunity to access the outside world.

Mr. Edens to Acquire a 55% Stake of Aston Villa Football Club

Despite co-owning Milwaukee, a baseball club, Wes Edens is taking over the sports industry with a boom. His quest to own and run an internationally recognized soccer club has steered him to acquiring enormous stakes at the Aston Villa Soccer Club, whose ground is based in England. The English Premier League commands a massive following across the globe with thousands trooping in stadia to watch the prestigious games, while millions stream through live coverage. Wes Edens seeks to aid the club bounce back to the top-flight league. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club

David Zalik, GreenSky Credit’s CEO, Doesn’t Need High School to Become a Billionaire

Lauren Gensler reveals hard-won insights into GreenSky Credit’s CEO, David Zalik in her article “Handyman’s Helper: How GreenSky’s David Zalik Skipped High School on his Way to Becoming a Billionaire”. The article, published with Forbes, reveals that GreenSky Credit’s co-founder and CEO passed on both high school and college to focus on his companies.

David Zalik may be an unusual CEO when compared to a typical Silicon Valley technology startup. The financial technology billionaire refuses to speak with the press very often, in fact, his first interview wasn’t until 2016. He revealed that he simply didn’t’ see the value in press releases and would rather focus on building his company. He is also an unusual case in the sense that Zalik not only skipped out on college, as many technology startup CEO’s like to brag, but he also skipped high school. After having such outstanding standardized testing scores, Auburn University invited him to attend classes when he was only twelve years old. After two years of classes, Zalik decided to focus on his computer assembly company, MicroTech.

The lack of formal education hasn’t slowed the CEO down, however. He sold MicroTech when he was only 22 for several million dollars. With the increase in internet and mobile apps, Zalik began a mobile and web consulting firm where he helped companies like Stanley Works and Home Depot Inc. He grew his latest venture, GreenSky Credit out of those consulting projects.

GreenSky Credit has also managed to succeed under the CEO’s leadership, despite his refusal to take outside funding for nearly ten years. After looking for external funding, he was able to raise nearly $50 million in funding and the company is valued at $3.6 billion.

The business model of GreenSky Credit is not set up to compete with banks. Instead, it acts as a technological middle man. The company uses an app for merchants that allow them to simply scan the barcode on a potential customer’s driver’s license and set up a loan. The loan is not only pre-approved, but directly approved. It also work’s in the customer’s favor since they have no payments and no interest for the first year. The company has also partnered with several federally backed banks.