Facts about Peter Briger, Principal of Fortress Investment Group
Peter Briger is a professional in Finance, with vast experience in asset management and a business leader globally. Briger lives in San Francisco, California. He graduated from the Princeton University with a BA and proceeded to the University of Pennsylvania, where he graduated with a Master’s degree in Business from the Wharton School of Business.
His Life and Career
Peter Briger has been a vital player in the development and success of Fortress Investment Group. Currently, Peter Briger is the principal of the Fortress Investment Group and subsequently co-chairs this investment organization. Peter has had the opportunity of holding several management positions in the firm. His daily responsibilities include running credit funds and the real estate business of FIG. For more than 15 years, Peter Briger worked for Goldman Sachs where he made a curve for his name. Briger joined Fortress Investments when the firm wanted to move away from private equity and ventured in investing in real estate and debt insurance. He remarkably raised a sum of up to $4.7 billion for Fortress Investment in the year 2015 making him the current manager of Fortress Investment Credit Portfolio, his creation when joining the Group. The firm stands out from many in the United States as it is a global investment firm that has expertise in the industry’s management all over the world. The firm boasts of managing an investment that is worth way above $65 billion. Briger had in possessions 66 million worth of shares that translate to above $2 billion in 2007, which placed him on the billionaire’s list when Fortress Investment Group issued a public IPO. On Forbes List of Billionaires, Briger is positioned 407 in the world, worth about $2.3 billion. Briger is a billionaire out of his efforts.
His Generous Deeds
Apart from his professional inputs in Fortress Investment, Briger is a Philanthropist and contributes a lot to charitable work. Tipping Point is a non-profit organization that he is a member of the board. This organization that Peter works for aims at assisting the unfortunate families with low-income in San Francisco. Briger has been an active supporter of conservancy including the central park conservancy that he contributed by funding $600 in supporting their conservancy projects. As a philanthropist and a member of the Board of Directors of Princeton University, Peter encourages the provision of quality education. He plays a significant role in assisting the children and finding ways of eradicating poverty in the communities. One of the programs that Peter has funded is the professorship program at Princeton University. A Force of Innovation: Two Decades of Fortress Investment Group