Wesley Edens was among the principal founders of Fortress Investment Group in the year 1998. The investment style that Edens used is described to one that is based on creative financing and the ability to build businesses from investments. In February of 2007, Fortress Investment Group became the firm to be publicly traded. Wesley and his partners made the company public through the initial public offering. The assets that Fortress has by 2007 included both the publicly traded investment and private equity vehicles. Nomura Holdings, a Japanese financial holding company, bought 15% of the company for 888 million dollars. The proceeds from this transaction went to the five partners making them paper billionaires. In 2009, Eden was appointed to be Co-Chairman of the Board of Directors. He worked in assisting the company which had seen the price of its stock drop to less than one dollar.
From 2015 to 2016, Wesley served as the Chairman of Fortress Transportation and infrastructure Investment. Fortress announced that they are creating an eSports betting team, FlyQuest. Edens managed to get a Bachelor of Science in Finance and Business Administration from the State University of Oregon. He got his degree in the year 1984. Wesley’s career began in 1987 at Lehman Brothers. Here, he served as a partner and managing director until the year 1993. He then left the firm to joining BlackRock Asset Investors. This was a private equity division of BlackRock. He remained in BlackRock until the year 1997, serving as the partner and the managing director.Wes Edens runs the private equity business of Fortress Investment Group. He catalyzed the purchase of Springleaf Financial Services, making Fortress the majority stakeholder. At the time of the acquisition, it was known as American General Finance.
The value of Springleaf rose to 3.5 billion dollars. This made the profit of the company to be more than 27 times the original investment it had made. This made Edens to be praised for his subprime lending skills. He is the chairman of Springleaf Financial Services, a subprime lender.Wes Edens closed a deal where he sold the firm where he was a co-owner, Fortress Investment Group. The sale was to SoftBank Group Corp of Japan for 3.3 billion dollars in cash. The proceedings that Wesley got were about 512 million dollars. He has also received bonus dividends totaling to 11.4 million dollars and another 1.4 million dollars in the unvested shares. Fortress Investment Group will still be operating as an independent business within the principals of Softbank.