Among the first entrepreneurs in the modern form of investment management firms is Wes Edens. He and two others came together to form Fortress Investment Group which is still in operation to date. It was the first largest investment company to record on the New York Stock Exchange. Fortress Investment Group began in 1998. It deals with various forms of investments from hedge funds to private equity. It has almost $50 billion worth of assets under its supervision and nearly 2000 investors. With the expertise of the founders (the other two are Rob Kauffman and Randal Nardone), the company has successfully engaged in high-risk investments. As an entrepreneur, Wes Edens infiltrated the transport system by coming up with a more efficient way of traveling from Miami to Fort Lauderdale. He formed the Brightline’s Smart Service, the only privately owned rail system in America.
The company, which belongs to Fortress Investment Group, began its operations on May 2018. Wes has plans to expand the train system operations into Chicago, St Loius, and Milwaukee. The train system’s efficiency comes hand in hand with the cost and time taken to travel between the two cities that it serves. The average driving time from Miami to Fort Lauderdale is one hour. Moreover, it may take up to $40 to book a taxi. The transport cost for the Brightline trains is only $10. It is estimated to travel using half the time a vehicle will take from Miami to Fort Lauderdale. You will rarely find such privileges such as comfortable seats and good food in transport cars or government train systems.
Apart from influencing the investment management world, Wes Edens has also ventured into the sports arena. He is a co-owner of Milwaukee Bucks, a successful basketball team that is globally recognized. Wes confirmed his intentions of expanding into soccer after his recent purchase of Aston Villa Football Club, an England based football club. Wes Edens worked together with Nassef Sawiris to own a more substantial part of Aston Villa’s shares. Nassef is also an entrepreneur based in Egypt. The ownership deal concluded with English Football League’s recognition of the purchase. Though in the past few seasons Aston Villa has not been doing well in the renowned Premier League, it has been among the top teams in the league for years. The new ownership development aims at bettering the Aston villa’s image and returning the team to its rightful place at the top.