How Peter Briger Became A Billionaire

Business Leaders, Investment

Peter Briger is a billionaire who currently lives in San Francisco, California. He is the principal and co-chief executive officer of Fortress Investment Group which is headquartered in New York, New York. He has been in the financial industry for over two decades where he has been managing assets. Fortress Investment Group is one of the world’s leading investment management firms which offers its services to institutional and private investors. They manage over $65 billion in assets under management. He is a graduate of Princeton, where he earned his bachelor’s degree. He also attended the University of Pennsylvania’ Wharton School of Business where he earned his master of business administration.

For 15 years Peter Briger worked for Goldman Sachs & Co. His acumen at investing in alternative assets led to him becoming a partner of this financial firm in 1996. While he worked there he was on a number of their top committees. Among these were the Japan Executive Committee, the Asian Management Committee, and the Global Control and Compliance Committee. He also held multiple leadership roles at Goldman Sachs such as co-heading the Asian Distressed Debt business and the Whole Loan Sales and Trading Business among others.It was in 2002 that Peter Briger joined Fortress Investment Group. He was responsible for building up their Fortress Credit business which he continues to manage himself.

This division of the company employs over 300 people. He specializes at investing in undervalued assets, distressed investments, and those which are illiquid in nature. Because of his success at investing in alternative assets like these Forbes Magazine had him ranked as the 317th wealthiest person in the world with an estimated net worth of $1.5 billion.Beyond his alternative investing career, Peter Briger is a member of a number of organizations. He is part of the Princeton Entrepreneurship Council, for example. He has a seat on this nonprofit’s alumni advisory board where he offers students access to his investment, business and leadership skills. He is also involved with the Global Fund for Children as he sits on their Silicon Valley Leadership Council. Additionally, he is on the Council on Foreign Relations. This is a nonpartisan organization which helps elected officials and the general public understand foreign policy issues better. Peter Briger is married and they have four children at home.