Wes Edens is a United States Citizen who was born in 1961, and his official name is Wesley Robert Edens. Currently, he resides in New York City. 1984 was the year when he left Oregon University where he undertook his undergraduate studies in Bachelor Degree in both Business Administration and Finance. In pursuit of his career, erecting Milwaukee Bucks and Fortress Investment Group is some of his achievements. Also, Wes Edens is indeed an asset to many especially those who are experiencing a problem in managing their resources since he offers financial advice to them.
The players were Wes Edens’ frequent clients because he was able to identify that they mostly face difficulties in allocating and managing their salaries. Due to the enormous salaries that they get, players tend to leave expensive lifestyle with a misconception that they are not vulnerable to poverty; therefore, they tend not to save for future. Thus, this exposes them to experiencing financial constraints and vanishing in debt for all of their retirement life. He also does not forget to share a motivating experience that he had when he was young and cautions them not to land in the same blunder of making a poor financial decision. According to Wes Edens, more than 50 percent of these NBA players end up bankrupt after retirement despite having considerable returns in each season.
In conclusion, when Wes Edens featured in an interview, he revealed that his main aim is to educate and inform the players on how to manage and allocate their salaries for them to have a better tomorrow, especially after retirement. Also, before they founded Fortress Investment Group, he got an opportunity to serve in several financial Institution where he acquired a lot of skills and knowledge on issues relating to investment; therefore, rendering him to be highly experienced in this field. Under his stewardship, Fortress also managed to become the first private equity firm to be a Buyout Company. Under the guidance of Wesley Edens, the process of announcing the Initial Public Offer for Fortress became successful, with the company raising billions of dollars from the public.