If there is one common thread in the career of Wes Edens, it is his ability to leverage every opportunity to the fullest extent. Ever since he graduated from Oregon State with a business and finance administration degree, he has made his way from organization to organization and always leaves companies in a better position than when he started.After cutting his teeth with Lehman Brothers as a managing director and a partner, he became a member of the BlackRock private equity team. These experiences shaped his mindset going forward and when he left BlackRock to found the Fortress Investment Group, he was well positioned to push the company forward.He was one of five partners to found Fortress Investment Group and it would soon become apparent that Wes Edens had a knack for choosing winners. His contrarian betting style and willingness to step outside of the box allowed Fortress Investment Group to prosper and become a billion dollar enterprise.
When the company’s stock price dipped beneath one dollar, Wes Edens came up with the plan that would reverse these fortunes. The subprime mortgage crisis was the cause of the issues and to remedy the problem, he had a simple solution: offering subprime lending.Fortress made him the chairman of their Transportation and Infrastructure Investors LLC as well. By the time he stepped down from this post, he had become a billionaire on paper and was taking home $54 million in take home pay each year, according to BizJournals reports.These experiences allowed Wes Edens to acquire the knowledge he would need to make the next big step. He has become a co-owner of the NBA’s Milwaukee Bucks and after nearly doubling the franchise’s initial valuation in short order, he’s now set his sight on the world of e-sports.
After investing in a League of Legends team initially, he has expanded his interests even further. Edens is launching an e-sports brand that all his own. FlyQuest is a league that will provide a home for the team that he has already purchased and further expansions are planned.Now that the NBA is embracing the world of console gaming, professional NBA 2K teams are being assembled and Wes Edens has already staked his claim. The Bucks are one of 16 teams that are prepared to participate. With a track record like Edens, it would be foolish to bet against him as he continues to make a name for himself in the e-sports universe.