Fortess Investment Group was formed in 1998. It was founded by Randal Nardone, Wes Edens, and Rob Kauffman. These three individuals came from Lehman Brothers, UBS, BlackRock Financial Management, and Goldman Sachs. With their experience they set out to accomplish one common goal: to create a new kind of investment firm. They cultivated assets and then invested them in new cutting-edge vehicles. Their assets increased from $400 million to nearly $3.9 million. By 2007 their assets had risen $32.6 billion. In 2007, Fortress was the first investment firm to go public on the New York Stock Exchange. Currently, Fortress is a diverse investment firm that directs over $43 billion in assets for 1,750 investors in private equity, hedge funds, and permanent capital vehicles.
One of the main founders of Fortress is Wes Edens, he works in the Private Equity division of the organization. Wes Edens is not only well known in the world of finance but is also a very prominent figure in the sports industry. In 2014, Edens along with Marc Lasry purchased NBA franchise, the Milwaukee Bucks for $550 million. Last month, Wes Edens and Egyptian billionaire Nassef Sawiris purchased a majority stake in Aston Villa. They paid 30 million pounds which is $39 million USD. They now own 55% of the team. In addition to having ownership in two sports teams, Edens also supports eSports and owns a League of Legends team called FlyQuest.
Outside of his sports ventures he also has a trained called Brightline that currently runs in Florida. Brightline first started running at the beginning of the year. Originally Brightline only operated in between Fort Lauderdale and West Palm Beach. As of May 19th, 2018, Brightline has begun serving Miami. Edens has plans to extend the trains reach to Orlando. Edens aspires to one day be able to offer this same train service to other major cities in the United States. Bucks Wes Edens’ ‘take-home pay’ is $54M: New York Times