Wes Edens, chairman and founder of Fortress Investment Group, joined forces with fellow billionaire businessman Nassef Sawiris to purchase a controlling stake in the football club Aston Villa in July. The exact percentage was not released but a report in The Times said it approached 55 percent.
The controlling stake was purchased from Tony Xia who was the majority owner of the club. He was reported to have sought fresh investment in the club after they were defeated by Fullham in the championship playoff final in May. The Times reported the club is losing upwards 5 million pounds a week and needs 70 million pounds to meet operating costs before the next season.
Wes Eden is also the part-owner of the U.S.-based Milwaukee Bucks basketball team. He partnered with Marc Lasry on that purchase.
In other news, Wes Edens’ Brightline Train made its inaugural voyage between Fort Lauderdale and Miami. The system is the first privately-owned and -operated venture of its kind in the nation and costs riders $10 for a one-way ticket. Brightline reaches average speeds of 80 MPH while driving on Interstate 95 averages a much slower 52 MPH.
Wes Edens said similar train systems would benefit other metro areas in the United States. Possible routes, he said, include rail transportation between Houston and Dallas, Atlanta and Charlotte, and other congested corridors where commuting by car is a growing hassle.
Fortress Investment Group was founded by Wes Edens in 1998 and has grown to become a $72 billion company. It is a private equity and hedge fund specializing in financial services, real estate, infrastructure, health care and other industries. It was sold in 2017 to Japanese conglomerate SoftBank Group Corp., according to the report in Wings Journal. Edens will remain with Fortress for five more years and remain in his leadership role. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club
The science behind the cure for cancer is more intricate than previous belief. Eric Lefkofsky explains how obtaining more data in new areas could be the cure for cancer. At the Fortune Brainstorm Health conference, Lefkofsky states that a doctor should know more about the patients that they are helping than their molecular foundations. More questions should be asked such as “are they diabetic?” or “are they on other drugs.” Sharing the data quickly and effectively between those who require access to it is just as important to know the answers to these questions.
Lefkofsky has made 103 investments in 74 companies leading to a net worth of $1.65 billion. He graduated with his Juris Doctor from the University of Michigan Law School and later became a professor at the University of Chicago. He is also the author of the book Accelerated Disruption. Lefkofsky is the co-founder of many companies including Groupon, and he is also the co-founder and CEO of Tempus which is a company focused on revolutionizing cancer treatment. The company has created an operating system that is being used to combat cancer. The official Tempus website states that this system is a “library of molecular and clinical data and an operating system to make the data accessible and useful.” Doctors working with this technology understand that each patient and each illness is unique and should be treated as such.
He and his wife, Liz, also created the Lefkofsky Family Foundation to support organizations that provide and promote scientific education. They are both a part of the Giving Pledge, which is a commitment to philanthropy by some of the wealthiest in the world. Much of their charitable work is based in their Chicago area with a focus on the issues of education and health although their largest donation was a $7 million contribution the arts. With Eric and Liz Lefkofsky’scharitability, the cure for cancer may be closer than expected.
Business is global. Start-up business needs to compete in a global marketplace. Competing in a global marketplace takes a certain kind of smarts and determination to break out of the pack of competitors. Mike Baur understands this need. His vision is to help start-ups break the barriers that are holding them back from competing with the global marketplace.
Baur has worked for over 20 years in the Swiss financial market and has a clear understanding of what it takes to start a business from the ground up. He works tirelessly with Swiss youth entrepreneurs and mentors Swiss start-ups.
When he founded the Swiss Start Up Factory with his partners Max Meister and Oliver Walzer in 2014, the basic premise was the promotion and support of Switzerland’s start-ups.
In order to compete in a global marketplace small businesses needed to understand the drivers and distracters that made them competitive. The team at Swiss Start Up Factory realized that they needed to run an accelerator program that would be the gold standard for all other accelerator programs out there. This meant that businesses needed to have the necessary tools and resources to succeed in their perspective businesses.
By providing a robust investor and mentoring program, would-be entrepreneurs could gain the necessary knowledge to compete in the global marketplace. They would also gain perspective of what it takes to successfully run a business in today’s global marketplace through an intense three month accelerator program. Young people especially would benefit from this intense hands-on program.
Baur believes that young people really need to work hard to realize their dreams. He also believes that Switzerland needs to more powerful with their ecosystem. “You have to live your passion” is Baur’s motto and what he lives everyday. His hope is to encourage the next generation of Swiss entrepreneurs to give back to their communities and grow the Swiss economy.
The Swiss Start Up Factory’s goals are to encourage and support Swiss young people to pursue their passion in their chosen business and work hard to achieve their business goals. The team provides information, support and necessary tools for individuals and start-up organizations. Customized service packages are available to start-ups for their particular industry and service.