Tag Archives: knowledge in business

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