Wes Edens applied his reading, writing and arithmetic skills and other academic and business acumen throughout his professional life serving him well. Mr. Edens earned a B.S. in Business from Oregon State University. During the 1990s, Wes Edens established his professional credentials in money management working for Lehman Brothers, BlackRock and the Swiss Bank UBS before co-founding Fortress Investment Group. Wes Edens is married and has one son and two daughters. Incidentally, his daughter Mallory, has expressed interest in owning the NBA New York Knicks someday. According to totals by Forbes, in 2016 and 2017, the Knicks were the most valued NBA team at an estimated $3 billion.
At the time the current team owner appeared disinterested to initiate a sale. In 2016, “Bizjournals” reported that Wes Edens total take-home pay from all consolidated income was an estimated $54 million. Moreover, at one point he held a reported 63 million shares of stock in Fortress Investment Group. Dividends were figured into his total take-home pay. Mr. Edens co-founded Fortress around 1998, and in 2007, it began trading on the New York Stock Exchange. He served as co-chairman of the company, and also a position on the seven member company board. In 2014, Mr. Edens co-invested in the NBA’s Milwaukee Bucks, which sold for a reported $400 million.
Moreover, a new arena was built to boost attendance and to serve as a venue for off-season activity such as concert performances. The Bucks last had a championship team in the 1970s. Mr. Eden’s mother is a native Wisconsonian. Mr. Edens is involved with the Milwaukee community. He provides team players of financial advisement towards income investment. He also appears at middle school and senior high schools in the area as a motivational speaker to students, and will occasionally have a handful of students attend a home game. One of his cliches is, “This isn’t a movie, this is your life.”