Peter Briger of Fortress Investment Group is a member of the wealthiest self-made billionaires club. In September 2007, Peter Briger was listed #317 on the Forbes billionaire list with a net worth of $1.5 billion. In March 2008, his listing fell on Forbes to #962 with a net worth of $1.2 billion. Currently, he is not listed on the Forbes billionaire list. Fortress Investment Group was founded in 1998 by three men; former Lehman Brothers partner Wesley Edens, Robert Kauffman, and Randal Nardone. Four years later, Michael Novogratz and Peter Briger joined the company. In February 2007, an initial public offering (IPO) helped propel these men onto Forbes billionaire list, when Fortress Investment Group stock rose to $35 a share. At the time of the IPO, Mr. Briger’s 66 million shares from Fortress Investment Group became worth more than $2 billion.
Peter Briger studied at Princeton University, obtaining a B.A. and received his M.B.A. from the Wharton School of Business. Prior to joining Fortress, he spent 15 years at Goldman Sachs where he became Partner in 1996. When he joined Fortress in March 2002, he lead the real estate and debt securities business. Today, Mr. Briger serves as Principal, where he is responsible for the credit business. Since November 2006, he has been a member of the Board of Directors of Fortress Investment Group and currently serves as Co-Chief Executive Officer.Mr. Briger enjoys giving back by supporting various non-profit organizations in the local community. He currently serves as a board member of Tipping Point, a San Francisco based non-profit organization that serves low-income families.
He also serves on the board of Caliber Schools, a network of charter schools preparing today’s youth with the tools to compete in college and beyond.His generosity continues as one of 3 alumni individuals who presented a gift to help establish The Alumni Entrepreneurs Fund (AEF) at Princeton University. AEF is a pilot funding program to support recent alumni entrepreneurs and their startup companies. The fund provides up to $100,000 in matching seed funding, mentorship, and peer-to-peer learning opportunities for recent alumni to bring their startup ideas into reality. Mr. Briger has also funded a professorship at Princeton University, currently held by Bryan Grenfell of ecology and evolutionary biology and the Woodrow Wilson School.