Entrepreneur Wes Edens Establishes His Latest Venture, Brightline

Wes Edens is a 56-year-old business executive who has lived in New York since the late 1980s. In 1984 he graduated from Oregon State University having majored in finance and business administration. Three years later he joined Lehman Brothers where he was the managing director and also a partner. He was in these positions for six years at which time he joined BlackRock Asset Investor’s private equity division. He was this organization’s managing director and a partner before joining with some business partners to start their own company.

He is one of the co-founders of Fortress Investment Group which they established in 1998. He is one of the principal partners of this alternative asset management firm. An article run in the Wall Street Journal a number of years ago described Wes Edens investment style as one that is based on “contrarian bets” that uses creative financing in order for him to build a business. He has been responsible for Fortress Investment Group acquiring companies such as Nationstar and Springleaf Financial Services.

Brightline is one of Wes Edens latest investments. This is a high-speed train firm which has a line between Miami and Fort Lauderdale and plans to build similar systems in other regions of America where congestion is a serious concern. He says that the trip between Miami and Fort Lauderdale by car is excessively long because of all the traffic. Brightline, though, takes just 30 minutes to make the trip and costs just $10. He co-manages Brightline and is busy designing a train station in Miami which will include homes, retail, and a food court.

Wes Edens also enjoys sports and owns two teams. He bought the Milwaukee Bucks in 2014 along with a business partner, Marc Lasry. When he was bidding on this team he promised fans that he would get a new stadium built and he has followed through on this pledge. The new stadium is called the Wisconsin Entertainment and Sports Center and it will be a multi-purpose stadium once completed. The other team he owns is in the League of Legends esports field and it is called FlyQuest.

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