Peter Briger’s Inspiring Career Journey
The CEO and co-principal of Fortress Investment Group, Mr. Peter Briger, graduated with a Master Degree in Business Administration from the Wharton School of Business at the prestigious University of Pennsylvania. This was after he had acquired his undergraduate degree at the Princeton University.Like any other graduate, Peter’s thoughts and imagination could have never gotten any closer to the kind of success story that he is today. However, his great achievements have not just occurred as a coincidence; it has been through sheer effort and working tenaciously towards the achievements.Immediately after school, Peter Briger started his career journey by working for a very reputable investment banking company, Goldman Sachs & Co. While here, Briger performed important roles in operations, leadership, and management. He also polished his theoretical knowledge from his school work with skills and experience in various expertise such as loans, trading, distressed debts and foreign investments.
This greatly sharpened his financial acumen, an aspect that saw him become a partner of his employer, Goldman Sachs. By this time, Peter was ripe to make his next career move.In 2002, Peter Briger moved to Fortress Investment Group where he joined as a co-CEO. The situation at the company was not impressive enough, and so Peter had a tough task ahead of him. Luckily, his 15 years at the Goldman Sachs & Co. had equipped him with adequate skills and technical know-how to face such challenges, and so he was up to the task.When he arrived at Fortress Group, the company was managing assets worth a meager $400 million. Shortly after his commencement of operations, the group’s investment tables started turning.
Within the first three years, the portfolio of the company had shot to $3.9 billion. By 2007, the value of the company had skyrocketed to a whopping $32 billion in assets under management. This was an incredible growth for the company that no one could have ever imagined. Currently, Peter Briger is still a co-principal and also the chairman of the Board of Directors at the Fortress Investment Group. Apart from his office commitments, Peter Briger also participates in the individual social responsibility. He participates in the community activities that he believes can improve the welfare of the members of the society. For example, he provides funds to educate children from the needy families in the society. This is because he is a strong believer in education and he believes that to eradicate poverty from a society, you must start by educating the young generation.