Fortress Investment Group was founded by three like-minded businesspeople who decided to take a major risk – leaving their now-former jobs behind, taking out loans to start a risky investment firm, and risk losing all they had worked for into their mid-lives – Wesley R. “Wes” Edens, Rob Kauffman, and Randal Nardone.
Randal Nardone is an attorney who is licensed to practice within the United States and served as the much-needed legal mind of the three aforementioned founders of Fortress – Kauffman, Edens, and Nardone himself – from its first day of operations. Rob Kauffman first started his working life as a professional racecar driver, later owned a team which he even raced on for a few years, and later backed the initial investments of Fortress Investment Group using the wealth he amassed through racing and owning such drivers’ cars and mechanic teams. Wes Edens is unarguably the most interesting of the three founders of Fortress Investment Group; he’s grown into a partial owner of the NBA’s Milwaukee Bucks, as well as a co-owner of FlyQuest, a team playing across various League of Legends circuits.
Who exactly is Wes Edens?
Although Mr. Edens isn’t one of the – in the double-digit numerical ranks of wealth or even within the top 200 – objectively richest people on planet Earth, he certainly is one of the wealthiest owners of professional sports teams. Forbes has ranked Mr. Wes Edens as number 297 on at least one full-fledged handful of The Forbes 400 lists.
Here’s most of what Edens did with his one-third co-creation investment firm
Fortress Investment Group, founded in 1998, was fortunate enough to keep Wes Edens on its payroll through May 2016. He left, according to discussions he’s made with various members of the press in the past two-plus years, the all-star alternative portfolio management firm so he could focus on managing, operating, and owning a professional eSports team – the perennial League of Legends tournament contender FlyQuest.
Edens also racked up an all-star-level paycheck of $54 million as the owner of the Milwaukee Bucks in 2016. Milwaukee Bucks arena naming rights going to a local company with a national presence