Peter Briger is co-principal and co-chairman of the board of directors of the fortress investment firm, a company he joined in 2002. He was elected the co-chairman of the fortress in August 2009. Peter studied at the Princeton University where he graduated with a bachelor’s degree in business administration. He then proceeded to the Wharton school of business at the Pennsylvania university where he acquired masters in the same field.
Currently, Peter Briger is at position 962 on the Forbes list. He is a self-made billionaire with a net worth of 1.2 billion dollars. Peter Briger attributes his main source of wealth to the fortress investment group. Peter earns over 100 million dollars in net cash payout since 2005. After graduating, Briger worked at Goldman, , and co. For 15 years. At Goldman, he perfected his skill in the art of investing in distressed debt. They believed in the principle and strategy of buying when low and selling when high. Peter Briger has been keen on building a reputation as a leader in every organization he has served. At Goldsman Sachs, Peter served as a co-head of groups, for instance, the Asian real estate private equity business, fixed income principal investment group and the whole loan sales.
He now serves as a co-chairman of the board of directors at Fortress investment Limited Liability Company. He is credited for creating and overseeing the Fortress Credit business. Peter Briger was also involved in the leadership of the Princeton university investment company. He also supported the central park conservancy. Peter has been keen to encourage the journey of self-reliance on the Princeton community, the main reason he united with his colleagues to form the Princeton entrepreneurship advisory committee.
An optimistic feedback has been shared by the employees working at fortress. They have termed it as a rewarding environment that appreciates hard work. Besides that, the company has been a ground to challenge many and broaden their knowledge base in finances. The firm has provided a learning opportunity and an inspiration to those who value working with smart people. Peter Briger interest In bitcoin began in 2013 in the Canadian Rockies while at a Heliskiing trip.
He praised the move by wall street of engaging in the bitcoin business saying that it was a better alternative to sending the money around the world cheaply and instantly. He also encouraged other companies, for instance, Wells Fargo to engage in Bitcoin so as to ensure a better and secure payment network.