Age, Biography and Wiki
Michael Novogratz (Michael Edward Novogratz) was born on 26 November, 1964 in American, is an Investment banker. Discover Michael Novogratz’s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 56 years old?
|Popular As||Michael Edward Novogratz|
|Age||56 years old|
|Born||26 November 1964|
We recommend you to check the complete list of Famous People born on 26 November.
He is a member of famous with the age 56 years old group.
Michael Novogratz Height, Weight & Measurements
At 56 years old, Michael Novogratz height not available right now. We will update Michael Novogratz’s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
|Body Measurements||Not Available|
|Eye Color||Not Available|
|Hair Color||Not Available|
Who Is Michael Novogratz’s Wife?
His wife is Dora Caceres
Michael Novogratz Net Worth
He net worth has been growing significantly in 2018-19. So, how much is Michael Novogratz worth at the age of 56 years old? Michael Novogratz’s income source is mostly from being a successful . He is from American. We have estimated Michael Novogratz’s net worth, money, salary, income, and assets.
|Net Worth in 2020||$1 Million – $5 Million|
|Salary in 2019||Under Review|
|Net Worth in 2019||Pending|
|Salary in 2019||Under Review|
|Source of Income|
Michael Novogratz Social Network
|Michael Novogratz Twitter|
|Wikipedia||Michael Novogratz Wikipedia|
Timeline of Michael Novogratz
Galaxy Digital Holdings Ltd. is one of the few cryptocurrency companies required to publish financial results. In the first nine months of 2018, the company lost $136 million in cryptocurrency trading.
Novogratz is the CEO of Galaxy Investment Partners, a cryptocurrency investment firm. Originally scheduled to start his Galaxy Digital Assets Fund on December 15, 2017, he shelved plans because he “didn’t like market conditions.”
He stated in 2017 that 20% of his net worth was in Bitcoin and Ethereum. He says he made $250 million from crypto currency from 2016-2017.
In 2017, Galaxy Digital contributed to an $80 million funding round for technology company Bitfury.
New York Governor David Paterson appointed Novogratz to sit on the Hudson River Park Trust’s board of directors in 2010. He serves as a member of the Federal Reserve Bank of New York’s Investment Advisory Committee on Financial Markets. Novogratz is the chairman and founder of Beat the Streets, a non-profit organization which fosters the sport of wrestling in New York City public schools. He also serves on the board of the Acumen Fund, NYU Langone Medical Center, Princeton Varsity Club, Boards of Creative Alternatives of New York, PAX, the School for Strings, and The Jazz Foundation of America. He founded and serves as the chairman of the board of the School for Strings. He is also the honorary chairman of USA Wrestling Foundation and the chairman of The Friends of the Hudson River Park. In October 2015, Novogratz retired from Fortress Investments.
He has been a booster for the U.S. National Wrestling Team and an official spokesman for USA Wrestling. He was named the 2010 USA Wrestling Man of the Year and an Outstanding American by the National Wrestling Hall of Fame in 2007. When the International Olympic Committee cut Olympic Wrestling from the 2020 Summer Games, he campaigned for the sport’s return.
In March 2002, Novogratz joined Fortress Investments in time to join Wesley Edens, Robert Kauffman, Randal Nardone and Peter Briger, Jr. in taking the company public through its February 9, 2007, initial public offering. During the IPO, the company sold an 8% share to the public for $600 million. Before assuming his roles at Fortress as principal and director of Fortress Credit Corporation in 2006, he served as Co-Chief Information Officer of Macro Funds at Fortress Investment Group LLC. Although the Fortress’ domain included both hedge funds and private-equity investments, Novogratz and his fellow Princetonian Briger ran the hedge funds. Although the stock price had risen to $35 at its IPO, by December 3, 2008, it dipped to as low as $1.87 after withdrawals from Novogratz’ Drawbridge Global Macro fund were shut off.
Following the February IPO, which also brought Edens, Kauffman, Nardone and Briger billionaire status, Novogratz ranked #407 in the March 2007 Forbes list of world billionaires with a net worth of $2.3 billion, including his 66.6 million shares of Fortress Investments. In September 2007, Novogratz was listed at #317 on the Forbes 400 with a net worth of 1.5 billion dollars. He was ranked 962 on the March 2008 Forbes list of world billionaires with a net worth of $1.2 billion. The same year, he became a member of Kappa Beta Phi, a Wall Street secret society made up of wealthy financial executives. By 2012, after the decline of Fortress’ stock price, his net worth had shrunk to $500 million. He supports Democratic political interests.
In 2006, he bought Robert De Niro’s $12.25 million duplex in Manhattan’s Tribeca neighborhood. When he moved into De Niro’s former residence, Mickey Rourke moved into Novogratz’ former Meatpacking district residence. He and his wife Dora “Sukey” Caceres have four children. They also own a home in Amagansett.
After a stint in the New Jersey National Guard that included service as a helicopter pilot, Novogratz began his career with Goldman Sachs in 1989. On April 1, 1989, he joined the firm as a short-term bond (money market) salesman. Novogratz lived in Asia from 1992 to 1999. He took a salesman position for Goldman in Tokyo in 1992, and eventually Jon Corzine sent him to Hong Kong to run a trading desk for the firm. He was elected partner at Goldman in 1998. Among the positions that he held at Goldman were president of Goldman Sachs Latin America and the head of fixed income, currencies and commodities risk in Asia.
Prior to joining Fortress, he was a partner at Goldman Sachs where he spent much time abroad including leadership roles in Asia and Latin America. Novogratz is a 1987 graduate of Princeton University, where he was a member of the wrestling team. He was a Virginia state runner-up in high school wrestling. He served in the U.S. Army National Guard after college. His siblings include Jacqueline Novogratz and Robert Novogratz.
Michael Edward Novogratz (born November 26, 1964) is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008.
Raised in Alexandria, Virginia, Novogratz is the third of seven children of West Point football lineman and 1958 Knute Rockne Award (best lineman) winner Robert, Sr. He attended Fort Hunt High School. Novogratz was state of Virginia high school wrestling runner-up before serving as Princeton Wrestling captain. Novogratz was first team All-Ivy League in both 1986 (150-pound (68.0 kg)) and 1987 (158-pound (71.7 kg)). He qualified for the National Collegiate Athletic Association (NCAA) wrestling championships in both 1986 and 1987 (both at 150-pound (68.0 kg)). Novogratz earned his A.B. in economics. At the 1987 NCAA wrestling championships, he made it to the round of 16 in the winners bracket and was eliminated from the consolation bracket in the round of 12.