Edens is part of the investment group that welcomed a new MLS team in 2020 or 2021 to play at an upgraded domed stadium on 14 acres near downtown. The proposed stadium would be the centerpiece of The Drew Las Vegas, a $1.8 billion integrated sports and entertainment district that will feature parks, theaters, retail space, and 3,500 residences.
He is part of the local ownership group that includes Findlay Sports & Entertainment (FS&E) managing partner Justin Findlay who serves as chairman of this project which plans to build an MLS soccer stadium in 2020. As managing director of FS&E, Edens is also leading the development of the $4 billion, 65-acre mixed-use project The Drew, including a Major League Soccer (MLS) stadium and 3,500 residences. FS&E specializes in sports & entertainment development projects across the U.S.
Wes Edens attended Oregon State University, earning a Bachelor of Science in Finance and Business Administration. He went on to earn his MBA from the New York University Stern School of Business, where he graduated as a George H. Heyman Fellow, an honor awarded for academic excellence and leadership potential. After finishing school, Edens went on to work for the BlackRock real estate subsidiary of Bankers Trust and Bankers Trust Company.
In 1987, Wes Edens co-founded the investment management firm Fortress Investment Group with its headquarters in New York City. The fortress is a private equity firm specializing in alternative assets primarily focused on investing in financial services, transportation, and real estate. Under Wes Edens’ leadership, the company has grown to have over 1,500 employees worldwide, with around $70 billion.
Edens is also a member of various professional organizations, including the National Association of Real Estate Investment Trusts. He serves as chairman of its board of directors, the Appaloosa Management Hedge Fund Association, and the Hudson Institute Inc.
In 2007, Edens was named one of Forbes’ “World’s Richest People” due to his 4.2% ownership in Fortress Investment Group that generated more than $1 billion for him. In 2015, he earned an estimated net worth of $3 billion from his ownership of the Fortress Investment Group.
In 2014, Wes Edens and other co-founders of Fortress Investment Group converted 20% of their ownership into shares from time to time for a total consideration of $638 million. In 2015, Edens became CEO at Fortress after his three partners resigned in early December 2015.