Wes Edens understands the real value of assets. He was co-founder of the Fortress Investment Group, which made many billionaires. What can Aaron Rodgers learn from Mr. Edens?
Fortress Billionaires List
Becoming a billionaire is not easy. There are many jealous folks who want to get in the way. But, Mr. Edens has kept his “eyes on the prize.”The Fortress Investment Group made at least three billionaires: Edens, Randal Nardone and Peter Briger. All were financial professionals who were able to find the best assets to add to the hedge fund. These assets included railways, casinos, banks and resorts.Every man has a core competency and billionaire Wes Edens used his talent to make himself a sizable fortune. Wes Edens understands risk management, assets and value.Mr. Edens was able to become a Milwaukee Bucks co-owner because majority owner Kohl wanted to reduce his stake. This was a wise risk management strategy.
Because it was only a partial sale, Wes Edens was able to gain a co-ownership stake for a very good price. He and the other co-owners could then concentrate on building a new arena. The old BMO Harris Bank Bucks’ arena was the 3rd oldest in the NBA.By having numerous minority owners, the Bucks can also generate more capital. The addition of Aaron Rodgers ensures that the Bucks can sign the best free agents to assist Giannis Antetokounmpo. The Milwaukee Bucks have a solid nucleus, now they need to take the next step.
Aaron Rodgers Learns
Every year, 31 starting NFL quarterbacks fail and only one wins the Super Bowl. Green Bay Packers quarterback Aaron Rodgers has been one of the winners when he won the Super Bowl. Whom did he learn from when he entered the league? Bret Favre.Green Bay allowed Aaron Rodgers to sit for a couple of seasons and learn from the best. He learned how to play the position correctly. Now, Aaron Rodgers can learn from co-owner Edens.Aaron Rodgers could learn proper risk management from Wes Edens. “Don’t put all of your eggs in one basket.” Continue to invest in the franchise to grow the brand.If Aaron Rodgers can learn from Mr. Edens, then the sky is the limit. Mr. Edens has already made a couple of billionaires. Now, Teacher Edens might be working on making Pupil Rodgers the next billionaire.