Peter Briger, a self-made billionaire, is a charismatic leader who holds the position of a Principal in the Fortress Investment Group since 2006. Peter Briger completed his Bachelor’s Degree from Princeton University and a Masters in Business Administration from the University of Pennsylvania. He had 15 years of prior experience in the finance sector with Goldman Sachs before he came onboard the massive Investment Group. In 1996, he became a partner in Goldman Sachs. He is currently ranked at 962 in the Forbes list of billionaires, with a net value of $1.2 billion.
During his stay in Goldman Sachs, he worked on developing his skill set that mostly revolve around bad debts, loans, and trading, investment in foreign countries, thus with such immense and enriching experience he joined Fortress Investment Group in the year 2002. At Fortress Investment Group, Briger handles the credit division in the company. He oversees a team of 300 odd individuals, and together they look at assets that are undervalued and illiquid credit investments. Illiquid assets can be tough to convert into cash.
His 15-year long experience at Goldman Sachs aided him in taking Fortress Group to higher levels. He had a major influence on the company going public in the year 2007. Peter Briger makes full use of his position in the company by continuously working towards converting illiquid investments/instruments into cash. The world economy has taken a dip and that highlighted his role in the financial world as he assisted foreign markets struggling with debts, make money.
Apart from the work he does in Fortress, Briger holds top positions in other firms mostly directed towards the benefit of the society. He is a board member of Caliber Schools that aim at pushing students towards success in and after college. He is also a board member of a non-profit organization that helps low-income families across San Francisco. He also gave his support that amounted to $600 million for the maintenance and conservation of Central Park.
Peter Briger has been a top-quality professional throughout his life. With his vast experience and good presence of mind, he climbed the ladder of success and became a billionaire. His knowledge in finance and investments is unparalleled. He is a man of ethics and sees to it that the job gets done the way it is planned without many hiccups. After all the hard work and perseverance, Fortress is handling assets valued at $65 billion.
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