Billionaires are paid well because they lead the world in innovations. They start a brand, like Facebook or the Fortress Investment Groups, which are firsts of their kind. The wise re-invest in the past, present and future, just like Peter Briger is doing at Princeton.
Princeton freshmen have plenty of potential, but have not really accomplished much of note. When Peter Briger arrived at Princeton, did he really imagine that he would be a billionaire one day? He might have hoped so, but he didn’t have the connections to make this dream come true. Princeton did.
The Princeton professors understood how the world worked. They had had alumni, like President John F. Kennedy walk through their hallways. They continued to maintain valuable ties with the rich and powerful.
When Peter Briger enrolled at Princeton, he was given a chance. He could learn from those who had built up human knowledge for millennia. He was not a billionaire, he was a freshman. He was the lowest on the totem pole.
He paid his dues. He worked at Goldman Sachs. Was he given this opportunity because one of the Goldman Sachs executives was a Princeton alum?
Peter Briger became co-chairman of the Fortress Investment Group. Now, he could give back to the Ivy League. He could add his name to those Princeton grads, who made it.
Peter Briger Legacy
Now, as a billionaire, Peter Briger can start to think about his legacy. What does he want people to remember about him? What does he want to leave the next generation of Princeton grads?
For one thing, he has created the Princeton Alumni Entrepreneurship Fund. Peter Briger and other donors will help with funding and matching support to get startups off the ground. This could help the United States create much needed jobs.
Peter Briger has already learned the valuable skills needed for buying out companies and reinvesting in them to create jobs at the Fortress Investment Group. Businesses need capital for payroll. Peter Briger provides that capital.
He is now providing the capital for the startups of tomorrow. The wealth of tomorrow grows from investments today. It is like a farmer who plants a seed. He is waiting for his seed to give him a bountiful crop.
Allah has stated that you shall “reap what you have sown.” That is true. Everyone pays the piper, even billionaires.
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