New York-based Wes Edens is an entrepreneur who was one of the co-founders of Fortress Investment Group, an alternative assets investment firm. He is also the owner of teams in a number of sports leagues. He earned his bachelor’s degree at Oregon State University and after graduating entered the financial industry. He worked for a few different firms, such as BlackRock Asset Investors and Lehman Brothers, before launching Fortress Investment Group in 1998. His financial specialty is in private equity and he has invested in a number of businesses such as Nationstar Mortgage and Springleaf Financial Services.
His latest venture is Brightline. This is a private train company that launched its first project in Florida. It is operating a high-speed train which once completed will provide service between Miami and Orlando. Wes Edens says that they are also looking into expanding this service to Tampa or Jacksonville. What this company is predicated upon is offering affordable train service between cities that have too much congestion between them for people to want to make the trip by car while also too close for an airplane trip to be a reasonable alternative.
Brightline could replicate this concept of train service in other locations which share similar demographics to Florida. Wes Edens commented that his team’s vision doesn’t stop in just Florida and that the eventual goal is to see if train service is viable in other congested corridors such as between Houston and Dallas. Train service in Florida began in late January 2018.
Wes Edens owns a number of teams in sports. The first team he became a co-owners of was the Milwaukee Bucks. He bought this team along with a business partner for $550 million in 2014. He also bought a League of Legends team, FlyQuest. Along with some business partners he bought 55% of the Aston Villa Soccer Club in July 2018. This UK team plays in the second-tier Championship division. They have recently been bringing in new players in an attempt to return to playing in the Premier League. In a statement, Wes Edens said that he and his business partners plan to continue strengthening this team so that it returns to being one of England’s premier football teams. etc