There are thousands of billionaires in the world with many different types of personalities. Some are philanthropic, like Peter Briger and some are not. Thankfully, Fortress Investment Group Principal Peter Briger gives back.
Fortress of Strength
Symbols are very important. They demonstrate what you care about and what your focus is. When Peter Briger Jr. joined the Fortress Investment Group, he knew that this was a powerhouse – it was a Fortress of Capital. It turned out to be the first hedge fund to go public.The terms “Fortress” and “Castle” have been used for this business model. People have turned to the Fortress Investment Group to give them the strength to achieve their business goals. In many ways it is replicating the traditional investment bank functions.And, that should be second nature for Mr. Peter Briger. Why? Because, he used to work with what used to be an investment bank, Goldman Sachs.As the founders of Fortress built up their hedge fund, they realized they needed some more executives with powerful connections. So, Randal Nardone and the other co-founders turned to Peter Briger. He gave them an outside perspective and valuable connections to capital.Now, Peter Briger has joined the club of billionaires. According to Forbes Peter Briger was ranked #968 on the 2008 “Billionaire’s List.” How has he parlayed his good fortune to benefit the world?
Princeton Entrepreneur Program
Where can you find intelligent men and women to start small businesses? How about college? Are there any good Ivy League colleges out there?Billionaire Peter Briger Jr. invested into a fund to help Princeton alumni with starting their own businesses. This not only provided $100,000 in matching funds, but also much-needed mentorship. Peter Briger wants to help enterprising men and women from making the most common startup mistakes.Princeton graduates are likely to have very good ideas, but lack specific knowledge about starting a business. With help, they can learn how to properly apply for capital. Then, they can optimize their usage of scarce funds.There are many requirements for venture capital. It can be very easy to make a serious mistake and lose control over your business. The Princeton Alumni Fund can make sure that all parties are properly compensated.Some billionaires do not give back. But, Peter Briger is not one of them. Mr. Briger gives back in order to create the next group of billionaires.