Summary of “Wes Edens and Brightline: The Future Looks Brighter for South Florida Commuters”
Private equity investor and co-owner of the Milwaukee Buck, Wes Edens, is planning a way for commuters to get around the notoriously horrible traffic of South Florida. The answer: A high-speed passenger train named Brightline, which travels from Miami to Fort Lauderdale. First introduced in May of this year, Brightline features leather seating, food service, and free Wi-Fi. A one-way ticket for the 80 mph 30-minute ride is $10. It has proven to be a huge success and an incredibly popular option. There has already been a further leg added to West Palm Beach, with another future one planned to continue on to Orlando.
The planned Orlando stretch will be the longest stretch, with it expected to take almost two hours. However, by that time the train will be reaching speeds of around 135 mph. The Brightline is owned by Fortress Investment Group, which Edens co-founded and helps lead. It is predicted that Brightline will have a dramatic effect on real estate along its path. Wes Edens hopes to be able to do the same thing in other states that have a congestion problem. Edens has been a primary mover and shaker in finance industry since graduating from Oregon State University with a B.A. in Finance.
Summary of “Egypt billionaire and Fortress founder take control of Aston Villa”
Earlier this year, Wes Edens, co-owner of the Milwaukee Bucks partnered with Egyptian billionaire, Naseef Sawiris, to obtain a majority share in the English soccer club, Aston Villa. By doing so, the two virtually saved from bankruptcy one of the oldest and most respected professional English soccer clubs in existence. The investment partners have done so via their co-owned investment group, NSWE. They are following in ownership Chinese businessman, Tony Xia, who had been the club’s owner for the past two years.