Peter Briger is one of the successful business professionals in the world. He is a principal at Fortress Investment Group and is based in San Francisco although its headquarters are in New York. The company is served by three principals who are in charge of different departments. Peter Briger, Randal Nardone and Wes Edens are the principals. These people have a role in the growth of this firm. Randal and Wes were the initial founders of the company, and Pete Briger joined them in 2002. Briger is in charge of the Fortress Credit division, and this is one of the departments that have done a great job of making the company success. With his love for distressed debts and undervalued assets, he has led this department with zeal and has been successful in his initiatives.
Peter Briger is a billionaire. He is in the Forbes list of the top 400 business professionals in the world. When Fortress investment Group made its first IPO, Briger who owned 66 million shares at the time made $2 billion officially joining the billionaires club. The IPO happened in 2007.Before he moved to Fortress Investment Group, he was working with Goldman Sachs for 15 years. Peter has always been a man of investment in areas where others feared. He has created wealth by investing in assets that are out of favor among other people.
While working at Goldman Sachs, he would buy such assets which had lost value due to political, economic or any other reasons and then hold them until the market stabilized and the prices resumed their normal process. It is the other strategy of buy low and selling high. However, to make such investments requires unique prowess, you must be very good at what you do for you to succeed. You cannot succeed in such investment without having a third eye perspective on the viability of an investment.Peter Briger has shown that he is a man on a mission of changing the world. He is ready to use the experience he has acquired through the years he has been in the industry to create wealth for clients at Fortress Investment Group.