Michael Edward Novogratz, “Novo,” was born on November 26, 1964. Raised in Alexandria, Virginia. His father was a career officer and major in the United States Army, and his mother, Barbara, ran an antiques business.
It is true that he is the third of his brothers. Her sister, Jacqueline Novogratz, is the founder and CEO of the Acumen Fund. Meanwhile, his brother Robert, is a designer who has been profiled in the television series Bravo by Desing. John Novogratz, for his part, is a senior managing partner at Millennium Partners.
By the way, when Novogratz was twenty-five, he went on a blind date with Dora Cáceres, who goes by the nickname Sukey. She was in many ways his opposite, a Budding intellectual, interested in semiotics, film theory, and the teachings of Ram Dass. In fact, they have four children.
As a curious fact, Novogratz is defined as the Forrest Gump of Bitcoin. Always at the right time in the right place.
Let’s meet Michael Novogratz’s performance
In 1989, Novo began his career with Goldman Sachs. After a stint in the New Jersey National Guard, which included service as a helicopter pilot.
He lived in Asia from 1992 to 1999. In which, in 1992 he took a sales position for Goldman in Tokyo. And finally, Jon Corzine sent him to Hong Kong, to run an operating table for the company.
In addition, in 1998 he was elected a Goldman partner. Among the positions he held was that of president of Goldman Sachs Latin America and director of risk of fixed income, currencies and raw materials in Asia.
In March 2002, he joined Fortress Investments, in time to join Wesley Edens, Robert Kauffman, Randal Nardone, and Peter Briger, Jr. in taking the company public until its initial public offering.
Prior to assuming his roles at Fortress as a director and director of Fortress Credit Corporation in 2006, he served as Co-Chief Information Officer of Macro Funds at Fortress Investment Group LLC.
In 2010, New York Governor David Paterson appointed Novogratz to the Hudson River Park board of directors.
In October 2015, Novogratz withdrew from Fortress Investments.
In fact, Novo is the president and founder of Beat the Streets, a non-profit organization that promotes the sport of wrestling in New York City public schools.
He is also the honorary president of the USA Wrestling Foundation and president of The Friends of the Hudson River Park.
Primarily, Novogratz is the CEO of Galaxy Investment Partners, a cryptocurrency investment firm.
Your stake in Bitcoin
Michael Novogratz’s involvement in Bitcoin began when he first bought cryptocurrencies before retiring from Fortress and becoming the CEO of Galaxy Investment Partners.
In 2017, he revealed that 20% of his net worth is held in Bitcoin and Ethereum, of which he received more than $ 250 million in profit. Specifically, a purchase of 30,000 Bitcoins (BTC) and half a million Ethereum (ETH).
On November 7, 2020, Michael Novogratz, indicated that he won half Bitcoin in an electoral bet and gave it in a self-hosted lottery to a Twitter user.
«I won an election bet with @StoneyBitson. I’m going to have a lottery for young Bitcoiners for that coin. I’m thinking of a number between 1 and 1000. Whoever guesses will get it».
Sure enough, @Adelgary won the lottery by guessing number 826. Novogratz said he chose the number because he lived in China for 7 years, where number eight is considered lucky. 26 represents your date of birth.
- Official Spokesperson for Lucha Libre in the United States.
- Featured by the National Lucha Libre Hall of Fame in 2007.
- According to the Forbes list from March 2007, Novo held billionaire status at No. 407.
- In September 2007, Novogratz was ranked 317 on the Forbes 400 list.
- March 2008, he was ranked 962 in the Forbes Billionaires.
- In 2010, he was named America’s Wrestling Man.
To conclude, Mike Novogratz believes that everyone should invest in Bitcoin. Specifically, 2% to 3% of your net worth. In the same way, it invites to hold until 2025.
Indeed, in a live Yahoo Finance interview published on November 25, he said that Bitcoin was designed for all investors.
I say goodbye with this phrase from Bill Gates: «Life is not fair, get used to it!».