⬅ # 1226 Yusuf Hamied|# 1228 Cao Longxiang ➡

# 1227 Wes Edens 

$2.83B

Real Time Net Worth
as of 12/11/2024
-$8.8M (-0.31%)

# 1227 Wes Edens 

$2.83B

Real Time Net Worth
as of 12/11/2024
-$8.8M (-0.31%)
OccupationCofounder and Chair, Fortress Investment Group
Source of WealthInvestments
Age63
ResidenceNew York, New York
Marital StatusMarried
Children4
EducationBS, Oregon State University
Age-Adjusted Net Worth$2.31B
Wes Edens
Wes Edens
United States
Net worth: $2.83B

Self-Made Score 

Omega Speedmaster Moonwatch Professional Chronograph 42mm Men's Watch

Wealth History

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Biography

Overview

Wesley Robert Edens is an American billionaire businessman, renowned for co-founding Fortress Investment Group and founding New Fortress Energy.
Edens' wealth surged when Fortress went public in 2007 but plummeted amid the financial crisis. He regained prominence through strategic investments and ventures in various sectors including finance, energy, transportation, and sports ownership.

Early Life Education

Born on October 30, 1961, Edens was a competitive skier in his teenage years.
He earned a B.S. in Finance and Business Administration from Oregon State University in 1984.

Career

Began career at Lehman Brothers in 1987, rising to partner and managing director until 1993.
Joined BlackRock's private equity division until 1997, serving as partner and managing director.
Co-founded Fortress Investment Group in 1998, pioneering creative financing and contrarian investment strategies.
Fortress became the first publicly traded buyout firm in 2007, with assets including private equity, hedge funds, and real estate vehicles.
Played pivotal roles in the acquisition and management of Springleaf Financial Services and Nationstar Mortgage, contributing to substantial gains.
Founded New Fortress Energy in 2014, focusing on global natural gas supply and infrastructure, aiming for carbon-free energy production.

Ventures

Co-founded Cincoro Tequila in 2016, aiming to produce premium tequila with a cognac-like finish.
Launched Brightline rail service in South Florida in 2007, expanding to a West Coast route connecting Las Vegas to California in 2024.
Established FlyQuest esports team in 2016, emphasizing environmental initiatives and community engagement.

Sports Ownership

Co-owner of NBA's Milwaukee Bucks since 2014, overseeing significant developments including the construction of Fiserv Forum.
Co-owner of Premier League's Aston Villa, leading the club's financial turnaround and promotion back to the top flight.
Invested in Portuguese Primeira Liga team Vitória S.C. through V Sports holding company.

Personal Life

Married to Lynn Edens with four children, one of whom represented the Milwaukee Bucks in the 2014 NBA Draft lottery.
Interests include horse jumping, alpine skiing, and mountain climbing.
Owner of Caldera House, a boutique hotel and ski club in Jackson Hole, Wyoming.

Wes Edens's Wealth is Equivalent to:

2,177,829 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

535,289 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

28,913 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Wes Edens?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Wes Edens's net worth of $2.83B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Wes Edens is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Wes Edens, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey