Peter Briger is currently the principal and Co-Chairman of the Fortress Investment Group Board of Directors. He became a member of the Management Committee in 2002 and later, the board of directors in November 2006. The company was founded in 1998 as a private firm and quickly expanded to manage assets for institutional clients and private investors ranging from credit, real estate and permanent capital investment strategies. After which he was elected as the Co-Chairman in charge of Credit and Real-Estate business on August 2009.
He received his education from Princeton University where he graduated with a Bachelor of Arts degree and a Master’s in Business Administration from Wharton School of Business at the University of Pennsylvania. Before his involvement with Fortress Investment Group, Peter Briger had worked with other committees such as the Asian Management Committee. He holds many board and advisor roles which include CNBC, Tipping point community and the Center for a new American Security.
His expertise in the industry, as well as his position in a leading investment firm, made Mr Briger relevant in matters concerning developments in the financial profession. In 2013, Wells Fargo sought him in a bid to strike a deal on regulating Bitcoin exchange with Fortress Investments. Once he understood how the new currency worked, he agreed to combine efforts to create an American-based regulation on the exchange of Bitcoins. Therefore, when the two financial giants decided to deal in Bitcoins, Wall Street slowly made their efforts toward the same. Peter Briger supported the idea because he saw potential in the use of Bitcoin technology and because it created a platform on which payment services could be improved. A Force of Innovation: Two Decades of Fortress Investment Group
Peter Briger is now among the wealthiest men in America and the 2008 World’s Billionaires List; he came in at number 962. He is currently number 317. However, he is known to use his money to help the society. He is on the Council of Foreign Relations which is an organisation aimed at creating awareness on the foreign policy issues to the American people. Mr Briger also liaised with two other Princeton alumni and founded the Princeton Entrepreneurship Program which provides funds to entrepreneurs and infant companies for other alumni from the university. Gift From Alumni Supports Princeton EntrepreneurshipGift From Alumni Supports Princeton Entrepreneurship