Wes Edens Founded New Fortress Energy

Wesley Robert Edens, the co-founder of Fortress Investment Group, is most known for founding the company and turning a small investment into a multi-billion dollar fortune. In June 2018, Wesley Robert Edens bought 20% of Aston Villa’s stock, becoming the team’s majority shareholder alongside Nassef Sawiris.

Wes Edens was a ski competitor growing up and later received his B.S. in Business and Finance from Oregon State University. His business-savvy father helped him build his boutique hotel, Caldera House, and a secret ski club of his making.

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Wes Edens was one of the five founders of Fortress Investments in 1998. In 2007, he took his company public through an initial public offering.

Fortress began developing private equity, publicly-traded alternatives, and hedge funds by 2007 before they acquired Nomura Holdings Corp. in the same year. Five co-founders became billionaires. Edens had been working with Fortress since its inception in 2009, when he became a partner and then Co-Chairman, continuing to help the company through challenging times until he died in 2016.

In 2014, Edens founded New Fortress Energy, a global natural gas supply and infrastructure company. The main goals of this company are to become one of the world’s leading providers of carbon-free energy.

In 2019, New Fortress Energy made a nearly $1 billion floating LNG terminal in Jamaica’s Old Harbour Bay. The Prime Minister of Jamaica declared that the terminal’s presence would cause lower overall energy costs for the country. In 2020, New Fortress Energy invested in H2Pro, a startup that created low-cost green hydrogen technology. The two companies partnered to develop green hydrogen through New Fortress’ Zero division and its renewable hydrogen division. The Zero division also partnered with a gas-fired power plant in Ohio to blend hydrogen to produce electricity.

In January 2021, Fortress announced its intention to buy up natural gas company Hygo Energy Transition Ltd. and Golar LNG Partners LP., as well as a total of $5 billion to expand their business into hydropower.