For decades, Forbes Billionaires List has become the benchmark for measuring and ranking the wealth of individuals and companies alike. It gives a clear picture of how capital flows throughout the global marketplace and can hence be used to engage the success of individuals when it comes to growing their individual fortune. The competiveness of the list in the face of growing number of billionaires globally is testament to the motivation and wealth creation acumen among individuals globally. Therefore, making it to the list is laudable achievement for any corporate leader and entrepreneur. Yet it is such milestone that Peter Briger achieved in 2008 when he made to the highly competitive World’s Billionaires List. The co-chairman and principal of the investment firm Fortress Investment Group debuted on the list at #962.
The rise in Peter Briger’s personal fortunes is reflective of the firm’s meteoric growth in value and position in the alternative asset management sector. Since joining the company’s management committee in 2002, Briger has overseen a radical transformation and rise in the company’s value and share value. The company has grown into one of the largest investment companies globally which attracted interest of other big industry players which culminated in the sale of the company to SoftBank in a multibillion dollar deal. The sale of Fortress’s shares to SoftBank exponentially increased the wealth base of Peter Briger. However, he retained his position on the company’s management team.
Career and Education Background
Peter Briger is a seasoned corporate manager with a sterling track record. Before joining Fortress Investment Group, he made a name for himself at Goldman Sachs where his excellent asset management and investment skills saw him made partner in 1996. At Fortress Investment Group, Briger continued his excellent track record and rose to co-chair its board in 2009. He oversaw the expansion of the company into new markets with the opening of credit and real estate management subsidiaries, which he is currently overseeing.A philanthropist with deep commitment to community-based initiatives, Peter Briger is a Princeton University alumnus where he graduated with a Bachelor of Arts degree. He later joined University of Pennsylvania’s Wharton School of Business where he graduated with a Master of Business Administration degree.