Wes Edens: The Billionaire Owner of the and a Fortress Investment Group partner

Wes Edens, one of the owners of Milwaukess Bucks and a founder of Fortress Investment Group, sold his investment company to Softbank Group Corporation., a Japanese company.His full name is Wesley Roberts Edens and he is a sports team owner, private equity investor and businessperson from America. The Bucks are not only sports team that he owns, He owns the team called FlyQuest that participates Legend of Leagues game tournament. He had enough money in 2008 to be the 962nd richest billionaire on the The Forbes Billionaire List.For selling his shares in Fortress, he got about $512. million.

Since February 2017, he got $11.4 million from bonus dividends due to this deal and received an additional $1.4 million in shares that he did not invest in.Fortess, headquartered in New York City, will work inside SoftBank as a fully independent firm. The participate of Fortress Pete Briggs, Randy Nardone, and Edens will continue to work for the company as they have signed five-year contracts.Masaysoki Son is the founder of SoftBank, a firm headquartered in Tokyo. If you were a sharholder of Fortress when it was sold to SoftBank, you would have got $8.08 per share. This would have meant that you would have got a premium of $2.23 per share after Fortress had closed at a price of $5.83.

Edens benefited from this stock sale as his stock increased by $142 million. When the transaction was finally finished, Fortress was worth $7.85 per share. The stockholders of Fotress had approved the selling of the company to SoftBank last year. This takeover of Fortress by SoftBank should actually develop new ways for the company to group as they have become partners with one of the most imaginative and well-connected tech investors. SoftBank had announced just before the takeover that they are going to have a Vision Fund that is valued at about $100 billion. This fund came from tech companies as large as Apple. This fund should change how tech investments are done.

Peter Briger’s rise through the fortress foundation

The current principal of the board of directors at Fortress, Peter Briger has managed to make significant moves in the entrepreneurship space across the globe. Peter Briger has effectively served in the Fortress investment group since March 2002 where he started out as a member of the Management committee. He later served as a member of the board of governors since 2006 and in August 2009, he was elected as the co-chairman.Peter Briger’s extensive experience in asset management sets him apart as one of the most efficient leaders to have run the Fortress Investment Group. Under his leadership, Fortress Investment Group has attained a reputable recognition globally as a leading global investment firm. The firm has investors from private and public institutions. Peter Briger currently holds the main role of overseeing the firm’s real estate business and its credit fund.

The Princeton university graduate also has an MBA from the University of Pennsylvania’s Wharton School of business. Peter is also a philanthropist in his own rights as he has been involved in several community building activities. Among the most significant ones is the Silicon Valley leadership Council, a global fund for children. Peter Also holds an active role on foreign relations as a member of the council. The Organization promotes a broad perceptive of foreign issues among the elected officials and the citizens. The self driven entrepreneurial leader previous positions include a partnership at the Goldman Sachs, where he was in charge of several operations in various business areas. Additionally, he also served in committees such as Asian Management committee and the Global Control and compliance committee.

Peter has also been involved in the managing divisions including the Goldman Sachs Special Opportunities and the Asian Distressed Debt business.Through the exemplary leadership of Peter Briger and team work from the Fortress investment staff, the firm managed to accumulate many valuable assets that have catapulted its success. In 2008, Peter Briger made it to the Forbes Billionaires list and was #962 worldwide. In his entrepreneurial journey he has helped many startups in their investment and growth journey and continues to do so while running the Fortress Investment Group. Peter remains focused on the goals and the Agenda’s of Fortress investment group’s future. Peter Briger makes it to the list of world’s entrepreneurial leaders and role model that many young and upcoming entrepreneurs would learn a thing or two from in the world of investments.

Peter Briger Shares $1.39 billion Cash from Sale of Fortress

Peter Briger Co-Chief Executive Officer of Fortress Investment Group receives his share of $1.39 billion cash windfall from the sale of Fortress to technology conglomerate SoftBank Group Corp. Peter Briger has provided extremely strong leadership and guidance within the Fortress Credit Business that has created tremendous returns on investment for the organization and establishes an opportunity for the large lump sum cash out with the sale to SoftBank. Peter Briger was educated at Princeton University where he received his Bachelors of Arts Degree. After his undergrad at Princeton, he received his Masters of Business Administration from Wharton School of Business at the University of Pennsylvania. Peter Briger joined Goldman Sachs and began to expand his understanding and knowledge of alternative asset classes by serving on various global committees within the investment firm.

Peter Briger served as co-head of groups including the Asian Distressed-Debt Business, the Asian Real Estate Private Equity business, and the Special Operations Asian Fund LLC. He provided high-level leadership and stewardship over various committees within Goldman Sachs Peter Briger and developed a reputation as an intellectually astute evaluator of distressed, underperforming, and illiquid assets. The experience at Goldman Sachs established Co-CEO with Wes Edens and they continue to guide the company admirably by creating profitable investment opportunities for their over 1750 individual and Institutional clients from around the globe. By providing a high level of intellectual analysis and evaluation of distressed underperforming asset groups from around the globe, Peter Briger has been able to produce extremely high returns on investment. Fortress Investment Group currently has more than $30 billion in assets under management and continues to lead the industry as one of the largest alternative asset firms in the world.

In December 2017, Fortress Investment Group was acquired by SoftBank Group Corp for $3.3 billion. SoftBank group Corp is a global technology company that specializes in internet, telecommunications, robotics and various other innovative technologies that are driving the information revolution in the world. After the acquisition of Fortress Investment Group, SoftBank Group Corp became one of the leaders in the alternative asset category. The purchase of Fortress Investment Group was the first of many investments by Softbank Group Corp in the alternative asset investment industry. The purchase positions Softbank Group Corp. with the capital resources to create a organizational structure that will enable the company to continue to build its infrastructure and strategically compete with its many competitors. After the acquisition of Fortress Investment Group, Peter Briger continues to serve as Co-Chief Executive Officer along with Wes Edens. Fortress Investment Group will continue to operate as an independent organization within the Softbank Group Corp umbrella and by continuing to retain the executive and managerial staff. Fortress Investment Group will continue to build upon a legacy of profiting within the alternative asset category to produce extremely lucrative returns on investments for its clients. After the acquisition, Peter Briger received his share of the $1.39 billion dollars in cash that he will split between himself, Wes Edens and Randall Nardone.