Born October 30th, 1961 Wesley Roberts Eden is a Co-founder and Co-Chairman of Fortress Investment Group. He obtained a B.S in Finance and Business Administration in 1984 from the Oregon State University. His career began in 1987 when he became a partner and later the Managing Director at Lehman Brothers. He stayed at the firm until 1993, before he left for Blackrock. He was at the private equity division of Blackrock, known as Blackrock Asset Investors. He was a partner and Manager Director at the firm but left in 1997.In 1998, alongside four other partners, Wes Edens founded the Fortress Investment Group. The other partners included Randy Nardone, Robert Kauffman, Peter Briger and Michael Novogratz. Edens was described by the Wall Street Journal as a man who has an inkling for building businesses from investments. On February 9, 2007, Fortress became a public company through its initial public offering that saw the company becoming the first publicly traded buyout firm.
By 2009, 8% of Fortress shares had been sold to the public for an estimated $600 million.Wes Edens became a paper billionaire, alongside his partners, when in December 2006 Nomura Holdings; a Japanese Financial Holding Company acquired 15% of the firm for a whopping $888 million. He was named Co-Chairman in 2009, and in his capacity, he helped resurge the company by offering subprime lending. The firm had suffered during the subprime mortgage crisis with its stock price falling below one dollar. From between 2015 to 2016 he served as Chairman of the transportation and infrastructure department of Fortress.Wes Edens was the brain behind the acquisition of subprime lender Springleaf Financial Services, which was known then as AIG (American General Finance).
In 2010, Fortress had invested $124 million into Springleaf Holdings but by 2015 the value of the company had grown to an astounding $3.5 billion, leaving Fortress with a gain of over 27 times their initial investment. He is the firm’s Private Equity Chief Investment Officer, a position he has been occupying since August 2009. Aside from his portfolio at Fortress, Wes Edens also occupy key positions in world-renowned firms. He is the co-owner of Milwaukee Bucks, Inc. From June 2002 to February 2007, he served as CEO of Newcastle Investment Holdings. He was also the CEO Eurocastle Investment Ltd. He served as CEO Global Signal Inc. from between October 2002 and April 2006 and has been the company’s President since December 2005. He was also the CEO and President of Capstead Mortgage Corp.Eden is married to his wife Lynn, and they are blessed with four children. With a net worth of $1.2 billion, he is at number 962 of Forbes billionaires.
When a city is left in shambles after a natural disaster, the organizations that care about the citizens is revealed. Some companies do all they can to help rebuild, and others do not do anything. Houston, Texas and other cities near Houston were left devastated after Hurricane Harvey flooded their homes in 2017. After Hurricane Harvey hit Houston Food Bank, H-E-B, and Nabors Industries immediately began work towards Hurricane Harvey relief efforts. Nabors Industries values helping those in need. Anthony Petrello made sure that the company was active in rebuilding the cities affected by the hurricane. Tony Petrello: One of the Highest Paid CEO in the Nation
Anthony Petrello is a philanthropist and the Chief Executive Officer and Chairman of the Board and Executive Committee of Nabors Industries Ltd. Nabors Industries is the most prominent geothermal and natural gas drilling contractor in the world. Nabors has locations in the United States, Middle East, and Africa. Petrello received his Bachelor of Science in Mathematics from Yale University, Master of Science in Mathematics from Yale University, and Juris Doctor degree from Harvard. He began working for Nabors Industries in 1991 after leaving Baker & McKenzie law firm. He became the Chief Executive Officer in 2011. Petrello’s work has allowed Nabors Industries to thrive among their competition. Tony Petrello Welcomes Tommy Tune Home To Houston
When Hurricane Harvey destroyed the city employees at Nabors went to help restore as much of the city as they could. Nabors Industries paid their workers that took time off work to go help rebuild the city. The employee’s contribution to restoring the city totaled $173,622. Tony Petrello donated what the employees contributed in total to the relief fund. The Nabors Disaster Relief Fund was used to support the efforts to rebuild all the cities that were affected including Houston which Hurricane Harvey had a big on impact. How Tony Petrello Helped Houston With Hurricane Harvey Relief
Nabors Industries built a kitchen and fed the people that were affected by the hurricane three times a day. Nabors Industries takes pride in giving to those in need they donate to Susan G. Komen foundation and Bike MS. They also have their own foundation that offers scholarships to their employees and their employee’s children. They have given over $3 million in scholarships to ensure that their employee and their children have the opportunity to receive a proper education.
Tony Petrello doesn’t only make sure that Nabors Industries donates to great causes. Petrello and his wife give to research organizations and they also to education funds. Tony Petrello Helps to Launch the Neurological Research Institute at Texas Children’s Hospital
Chris Burch became a billionaire in 2012 and has continued to baffle the world with his brainy investment strategies. He is the CEO and the Founder of Burch Creative Capital. The company is based in New York, and it focuses on management of venture investments and brand developments. Apart from Burn Creative Capital, Chris is a Co-founder of Tory Burch, LLC and a member of the Guggenheim Partners.
Christopher’s History And Career Journey
Chris was born in 1958 and was raised in a middle-class family based in Wayne. His father, John Walter Burch, was a distributor of mining equipment and supplies, and the young Chris learned much about entrepreneurship through his father’s business. Chris attended Ithaca College. In 1976, while still an undergraduate student, Chris teamed up with his brother, Robert, and started Eagle’s Eye Apparel. The two brothers used to buy sweaters at $10 each and sell them at $15. The company grew from strength to strength and took advantage of the growing demand. Noting the market opportunity, Chris decided to find a factory to produce many sweaters and started selling them to the university students.
Eagle’s Eye Apparel eventually expanded to other colleges and became a giant in the fashion industry. The company garnered more than $140 in sales and became a national distribution footprint with more than fifty retail stores. The company’s unending triumphs attracted many bids, and it was later sold to Swire Group in 1998 in a deal that valued the fashion brand at $60 million. More to read on bjtonline.com.
Christopher’s entrepreneurship journey did not end there. In 2004, Chris partnered with his then wife and started Tory Burch. Interesting article to read here. The company became an instant hit, and most of its inventory was sold out on the first day. Chris was now unstoppable and became a force no one in the fashion industry could ignore. He impressed many with his fashion tastes, including Oprah Winfrey. Christopher sold half of his shares in 2012 when the company was estimated to be worth $3 billion. A must-read article on ceocfointerviews.com.
Burch Creative Capital And Other Ventures
Chris established Burch Creative Capital in 2008. The company was started to incubate Christopher’s new brands. Burch Creative Capital has managed many brands, including C. Wonder, which was sold to Xcel Brands in 2015. Check burchcreativecapital.com. Apart from fashion, Burch also has a keen interest in real estate development. In 2004, Chris teamed up with Philippe Stark and Alan Faena to establish the famous Faena Hotel+Universe in Buenos, Aires. Today, Chris buys luxury homes, renovates them and then puts them back on the market.
Additional reading on this useful site http://www.businessinsider.com/chris-burchs-nihiwatu-resort-is-the-best-hotel-in-the-world-2017-3/#nicknamed-the-edge-of-wilderness-nihiwatu-is-on-the-west-coast-of-sumba-a-remote-indonesian-island-1