Wes Edens Expands His Investments to Transport and Sports Industries

Wes Edens, an American-based private investor, has profoundly made tremendous strides in the investments industry across America. His career growth has been one of the most outstanding, owing to the inequitable expertise he possesses. Born on the 30th of October 1961 in New York, USA, he graduated from the prestigious Oregon State University with a Bachelor of Science degree in Finance and Business Administration in 1984. His entry into the vast industry was earmarked by his incorporation at the Lehman Brothers firm where he showcased his exponential skills as the Managing Director, a position he held up until his exit in 1993. A move which triggered the establishment of the Fortress Investments Group alongside four other partners in 1998. Since then, his career growth has been spiraling to the point of no turning back.

From its inception, Fortress Investment Group has set the pace in the investment industry. The firm was put on the limelight in 2007 when it went public on the New York Stock Exchange through its Initial Public Offering. With its reach cutting across the global lines, the firm is in full control of assets worth a whopping $43 billion that accrue from at least 1,750 investors with a workforce of 900 employees. Under the able leadership of Wes Edens, the management firm’s worth has skyrocketed to $32.6 billion from a mere $400 million.

Wes Edens quest for total investments success has seen him traverse far and wide in search of opportunities. His keen eye in the transport industry has singled him as the only private investor to delve into the train system industry in America through the establishment of Brightline passenger train. The train than cruises at a speed of 80 mph has triggered a revolution in the movement of people between Miami to Fort Lauderdale in 30 minutes. The tickets go for as low as $10. Since it kicked off its short operation, the train has been warmly received, with the commuters vouching for an expansion to cover more regions.

Wes Edens has over the years been an ardent sports fanatic owing to the Milwaukee Bucks, a baseball club, which he co-owns with a billionaire colleague. However, his quest for owning an internationally recognized soccer team has seen him acquire a majority stake in the Aston Villa Football Club that plays its boots in the world-renowned English Premier League. The club is eyeing the top 20 slots that play in the heavyweight league after a long run of poor results that led to its relegation. Billionaire Nassef Sawiris And Wes Edens To Buy Significant Stake In Aston Villa

From the Ground Up: David Zalik Built Greensky Credit to Help with Small Business Financing

David Zalik saw an opportunity when the housing market evolved. He became the handyman’s helper, offering small lines of credit to finish renovations. This is the main focus of his company called Greensky Credit, a company is backed by many larger banks but only collects a small fee on their behalf.

As part of an immigrant family, David Zalik himself took opportunities when they were presented. At age 13, he enrolled in Auburn college where his dad taught mathematics. Having the entrepreneurial spirit early, he then left college and developed a computer-assembly company called MicroTech. He was able to sell this company for a few million dollars at age 22.

When he moved to Atlanta, he tried to take advantage of the newly developing dot-com industry but developing a website consulting company for real estate. However, he was caught in the bubble. He tried again with developing Rockbridge Commerical Bank, but it also eventually failed. It was with the combined experience of real estate, technology, and banking that he came up with the idea of Greensky Credit. The name of the company was chosen because the color green is synonymous with growth.

Greensky Credit started out by partnering with home improvement suppliers such as Home Depot and Benjamin Moore. Zalik then partnered with Robert Sheft and then targeted small business owners to offer lines of credit that were more personable than larger banks. This type of financing is ideal for handymen or salesman that can offer credit to help close their deal with a streamlined approval process. Since these professionals were selling the product directly to the consumer, alike can save on marketing costs.

Nowadays, Greensky Credit is looking into branching in two other lines of funding, such as medical procedures. For example, pet owners could get help to pay for large veterinary costs. Nevertheless, David Zalik is determined to grow the company while focused on helping people finance their next steps in life.