Wes Edens, a King Among Businessmen

Finance Financial Guru

Answer this riddle:

Who can jump a horse, buy the Bucks, found a Fortress, fund a train, give a million, survive a free fall, and still plan for even bigger things to come? (Hint: the answer is in this article’s title)

Yep! Take a trophy, champ, because you guessed it! The answer is:

Wes Edens, the “new king of subprime lending”, who was dubbed as such by the Wall Street Journal after he acquired 80% of Springleaf Financial Services, a subprime lender, in 2010, and went on to help the company grow over the following 5 years, to a value of 27 times that of his original investment. Wes Edens, the billionaire with a heart of gold, whose wide scope of philanthropy includes 1 million dollars worth of donations to Macalester College, as well as his substantial donations to GiveWell, Martha’s Vineyard Hospital, Partners in Health, and many others.

Wes Edens, the co-founder of Fortress Investment Group, which he founded in 1998, along with Rob Kauffman and Randal Nardone. Fortress was launched as a private equity firm, and eventually expanded to encompass debt securities, hedge funds, and real estate. In 2007, just as the housing market started to crash, Wes Edens rose to billionaire status when Fortress had its initial public offering.

Wes Edens now owns New Fortress Energy. Wes Edens who in 2014, along with Marc Lasry, bought the Milwaukee Bucks, a basketball team in the NBA (National Basketball Association). And who invested in Florida’s BrightLine Trains, And Wes Edens, who, among many other things, enjoys his adventures activity, horse jumping and climbing mountains. Somewhat recently, while scaling Pingora Peak, a mountain in the Wind River Range in Wyoming, he slipped and free fell almost to his death. But he survived, and lucky to be alive, he isn’t slowing down anytime soon. Bigger things are yet to come. Rock on, Wes!

Read more: https://www.newfortressenergy.com/about-us

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