Key Takeaways
- • Mike Novogratz, CEO of Galaxy Investment Partners and a self-described cryptocurrency billionaire, hosted an extravagant summer party on Aug. 1 at his Hamptons horse farm, with Miley Cyrus reportedly paid $1 million to perform, according to The New York Post.
- • The Novogratz family is portrayed as a high-achieving, close-knit clan, with siblings spanning TV, non-profit venture investing, alternative asset management, wellness media, and sustainable seafood investing.
- • Jacqueline Novogratz, founder and CEO of Acumen, a non-profit global venture capital fund, is married to Chris Anderson, who runs the TED organization.
- • John Novogratz is a principal at Millennium, and Matt Novogratz is a co-founder of Candy Digital, a firm that partnered with Major League Baseball on officially licensed NFT content.
- • Mike Novogratz's Wall Street career includes time at Goldman Sachs and Fortress Group, and he is credited by sources with betting heavily on Bitcoin after losing at least two fortunes.
Summary
A New York Post profile examines the family background of Mike Novogratz, the cryptocurrency billionaire known for high-profile summer parties as well as his Wall Street career. At his Aug. 1 party, held on the grounds of his Hamptons horse farm next to his hilltop estate, guests were treated to mermaids, aerialists, stilt-walkers and hot-dog eating champion Joey Chestnut, under a Coney Island-meets-Atlantic City boardwalk theme. Performers included British singer Yola and Miley Cyrus, whom Novogratz reportedly paid $1 million and flew in by private jet, according to the Post.
The article frames the family as a modern parallel to the Kennedys. Mike is one of seven siblings, all described as accomplished and active in fields often involving philanthropy or public service. Their father, Robert Sr., now 84, was a West Point football star who won the Knute Rockne award in 1958 and retired as an Army colonel after 30 years. He and his wife Barbara, 80, moved their family 18 times in 12 years during three tours of duty, in Korea and Vietnam. Barbara Novogratz told the Post she shies away from the Kennedy comparison, saying the Kennedy children "came from a lot of money," while theirs "come from an Army family."
Robert Jr. (Bob) and Cortney Novogratz are known for their TV work, including the Bravo show "9 By Design" and HGTV's "Home by Novogratz," and for flipping homes in New York and Los Angeles. Jacqueline Novogratz, 61, leads Acumen and wrote the 2020 book "Manifesto for a Moral Revolution." Other siblings include Elizabeth, who runs The Well Daily wellness newsletter, and Amy, who founded Aqua-Spark, a Netherlands-based sustainable seafood fund with 19 portfolio companies valued at $180 million.
Mike Novogratz is described as the most visible sibling. He was a top wrestler at Princeton and briefly a National Guard helicopter pilot. According to the Post, he made his fortune after losing at least two earlier fortunes, and he calls himself the "Forrest Gump" of Bitcoin. The article also notes his philanthropic work, including chairmanship of the Hudson River Park Friends and a family foundation focused on criminal justice reform, and describes his role as a financial mentor to a Republic Records executive. The piece is largely anecdotal and relies on friends and family for its characterizations.
The article frames the family as a modern parallel to the Kennedys. Mike is one of seven siblings, all described as accomplished and active in fields often involving philanthropy or public service. Their father, Robert Sr., now 84, was a West Point football star who won the Knute Rockne award in 1958 and retired as an Army colonel after 30 years. He and his wife Barbara, 80, moved their family 18 times in 12 years during three tours of duty, in Korea and Vietnam. Barbara Novogratz told the Post she shies away from the Kennedy comparison, saying the Kennedy children "came from a lot of money," while theirs "come from an Army family."
Robert Jr. (Bob) and Cortney Novogratz are known for their TV work, including the Bravo show "9 By Design" and HGTV's "Home by Novogratz," and for flipping homes in New York and Los Angeles. Jacqueline Novogratz, 61, leads Acumen and wrote the 2020 book "Manifesto for a Moral Revolution." Other siblings include Elizabeth, who runs The Well Daily wellness newsletter, and Amy, who founded Aqua-Spark, a Netherlands-based sustainable seafood fund with 19 portfolio companies valued at $180 million.
Mike Novogratz is described as the most visible sibling. He was a top wrestler at Princeton and briefly a National Guard helicopter pilot. According to the Post, he made his fortune after losing at least two earlier fortunes, and he calls himself the "Forrest Gump" of Bitcoin. The article also notes his philanthropic work, including chairmanship of the Hudson River Park Friends and a family foundation focused on criminal justice reform, and describes his role as a financial mentor to a Republic Records executive. The piece is largely anecdotal and relies on friends and family for its characterizations.
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