Michael Novogratz Bio | Wiki
Michael Novogratz ( Full Name: Michael Edward Novogratz) is an eminent American investor. As of now, he works as the CEO of Galaxy Investment Partners. It focuses on investments in cryptocurrency. Furthermore, Michael is formerly of the investment firm Fortress Investment Group.
Michael Novogratz Age
He was born on November 26, 1958, in Alexandria, Virginia, United States. Michael is 65 years old.
Michael Novogratz Height
He is a man of average stature. Michael stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Michael Novogratz Family
He was born and raised in Alexandria, Virginia, United States by Robert Martin “Bob” Novogratz and his loving mother. Robert is a previous American football player. Furthermore, he played college football for the Army Cadets football team at the guard and linebacker positions from 1957 to 1958. Besides, Michael is the third of seven children including Robert Jr. and Jacqueline Novogratz. Jacqueline is a 62-year-old American entrepreneur and author born on March 15, 1961. She is the CEO and founder of a nonprofit global venture capital fund named Acumen.
Michael Novogratz Wife
He is a married man. Michael is blissfully hitched to his loving and caring wife named Dora Caceres. As a couple, they have four children. Furthermore, the two also own a home in Amagansett, outside New York City.
Michael Novogratz Education
He attended Fort Hunt High School. Michael was the state of Virginia high school wrestling runner-up prior to serving as Princeton Wrestling captain. Furthermore, he was first-team All-Ivy League in both 1986 (150-pound (68.0 kg)) and 1987 (158-pound (71.7 kg)). Michael also met the requirements to compete in the NCAA wrestling finals in 1986 and 1987, both times weighing 150 pounds (68.0 kg). He then graduated with a Bachelor of Arts Degree in Economics.
Michael Novogratz Galaxy Digital | Crypto Portfolio | Luna
He is the CEO of a cryptocurrency investment firm known as Galaxy Investment Partners. Initially planned to begin his Galaxy Digital Assets Fund on December 15, 2017, Michael shelved plans because he did not like market conditions. Galaxy Digital Holdings Ltd. is one of the few cryptocurrency businesses that must report financial results.
The company lost $136 million in cryptocurrency trading in the first nine months of 2018. Additionally, it contributed to an $80 million funding round in the year 2017 for technology company Bitfury. In Q2 of 2022, Galaxy losses widened to 554 million following a 182 million dollar loss for the past year. Michael said in 2017 that 20% of his net worth was in Ethereum and Bitcoin.
He also said that from 2016-2017, he made $250 million from cryptocurrency. Michael boasted at a 2022 cryptocurrency conference that he was the only person in the world that has got both a Luna tattoo and a Bitcoin tattoo. UST(the algorithmic Terra Luna stablecoin), which claimed that it was pegged to the US Dollar, lost nearly all of its value a few weeks later.
Michael Novogratz Economy
Back in the year 2022, he told MarketWatch that the economy was going to collapse. Michael gave the interview just before the Federal Reserve raised rates by 0.75 percentage points. Since 1994, it was the largest rate hike seen. Five days after the U.S. consumer price increase unexpectedly surged in May to a 40-year high of 8.6%, the rate hike came. He pointed to the housing market, which was finally cooling down after a two-year hot streak, and inventories piling up as signs of a recession looming on the horizon.
Michael Novogratz Hedge Fund
He was to begin a $500 million hedge fund. The hedge fund was to invest in initial coin offerings, cryptocurrencies, and related companies. Michael was to put up $150 million of his own money. He also planned to raise $350 million more predominantly from fellow hedge fund managers, wealthy individuals, and family offices. Eventually, Michael delayed plans to launch the fund. It would have been the largest digital currency fund so far. He told CNBC that he did not like the market conditions as a starting point to take other investors’ money.
Michael Novogratz House
He lives in a big luxurious mansion located in Amagansett, New York, United States. He previously had plans to relocate a mansion from its current location to a 4.8-acre parcel in Amagansett. However, the plans got halted. Michael had been given a permit to move the home on Ocean View Lane by East Hampton Town. However, it later issued a stop-work.
Michael Novogratz Tattoo
He boasted at a 2022 cryptocurrency conference that he was the only person in the world that has got both a Luna Tattoo as well as a Bitcoin tattoo.
Michael Novogratz Net Worth
Having been working as an investor for many years now, he has managed to garner good affluence in his career thus far. Michael’s net worth is $2 billion.
Who Is Michael Novogratz
He is a 65-year-old eminent American investor. As of now, he works as the CEO of Galaxy Investment Partners. It focuses on investments in cryptocurrency. Furthermore, Michael is formerly of the investment firm Fortress Investment Group.
How Old Is Michael Novogratz
He is 65 years old. Michael was born on November 26, 1958, in Alexandria, Virginia, United States. Thus, he relishes and commemorates his birthday on November 29 every year.
How Tall Is Michael Novogratz
He is a man of average stature who stands at a height of 5 feet 9 inches, approximately 1.75 meters.
Michael Novogratz Social Media
Twitter – @novogratz