There are many billionaires out there today and it usually takes a billionaire to own a sports team in the United States. Wes Edens is currently part owner of the Milwaukee Bucks, a professional Basketball team in the US, which he paid a sum of 550 million dollars to be a part of. Wes didn’t make his fortune in sports, instead, he is a financial expert that started up the highly successful, Fortress Investment Group. Fortress Investment is a leading financial management firm that also specializes in investment opportunities and alternative strategies. Wes Edens and his two business partners, Randal Nardone and Rob Kauffman, started up Fortress Investment Group two decades ago in 1998.
Wes Edens and the other executives at Fortress Investment Group were able to become massively successful and they are still growing this success today. Wes Edens has taken to other ventures with his financial success rather than just finances. Wes has also had a passion for sports so he wanted to make it a reality for himself to own his own sports team. Today he owns more than just one sports team outside of the Milwaukee Bucks and he is also pushing for more stakes in the Aston Villa Soccer Club. That’s still not enough for Wes because he wants to be involved in all sports, including the rising eSports arenas. Wes currently owns the League of Legends eSports team, FlyQuest. In recent years, many more successful individuals and billionaires have been putting their interest in the online sports department as it is quickly growing all over the world.
Fortress Investment Group was started up in New York, which is still its base of operations, and it became a public company in 2007 with the help of Peter Briger, the current Chief Executive Officer. Since then, Fortress Investment has acquired hundreds of employees and thousands of clients, managing billions of dollars in assets.
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