Mike Novogratz Net Worth

Last Updated on December 24, 2023 by

Mike Novogratz is a successful businessman who is known for his positive outlook on digital currencies as well as the CEO of Galaxy Digital. We explore how he accrued his net wealth and the latest estimates.

What Is The Net Worth Of Mike Novogratz?

Based on publicly available information and drawing reasonable connections and assumptions, we estimate the net worth of Mike Novogratz to be upwards of $2 billion. His fortune is primarily built upon his corporate and entrepreneurial ventures in the crypto world, corporate shareholdings of founded companies, Bitcoin and Ethereum holdings, real estate and NFTs to a lesser extent.

Sources Of Mike Novogratz’s Wealth

Mike Novogratz has a diverse background ranging from technology, and venture capital to finance to social media. As such, the serial entrepreneur is known to have several sources of wealth that contribute to his overall net worth. The Bitcoin he holds accounts for more than 80% of his net worth, with the remaining 20% comprising real estate funds and assets, cash, and funds from start-up investments and entrepreneurial ventures.

mike novogratz net worth
Source: Watcher.Guru.

Galaxy Digital

After leaving Fortress Investment Group, the crypto-pro Novogratz co-founded the bitcoin investing company Galaxy Investing Partners. The company, which he currently acts as CEO, lists Galaxy Digital Holdings Ltd as one of its subsidiaries that is required to release financial records. Bloomberg reported in November 2018, that the company had lost $136 million during the first nine months of its operation.

His losses continued during 2022 when another $182 million was lost during the financial year. Despite the losses, Novogratz will almost certainly hold significant corporate shares in the company.


Mike Novogratz has previously publicly announced on the social media platform Twitter about purchases of Non-Fungible Tokens (NFTs) such as those from the Punk collection. Since Novogratz is a staunch supporter of digital assets in the crypto space, it is highly likely that he holds a lot more NFTs in his private collection. His testament to digital artworks was confirmed when he co-founded Candy Digital, an NFT start-up company.

Real estate

In 2016, Novogratz bought actor Robert De Niro’s Tribeca duplex in Manhattan for a healthy $12.25 million. Novogratz and his wife are also known to own a house located in Amagansett, New York. For an entrepreneur of his standing, it wouldn’t be surprising if Mike Novogratz owned additional real estate properties.


During 2016 and 2017, Novogratz admitted that he made $250 million from buying cryptocurrencies, primarily Bitcoin and Ethereum. At the time, it was estimated that digital assets formed 20% of his net worth which would put his wealth at around $1.25 billion.

Through his venture company, Galaxy Ventures, Mike is the owner of a few blockchain and cryptocurrency startups. Their portfolio of leading cryptocurrency companies includes 1inch, Polygon, BisonTrails, Chaos Labs, Ramp, and Axelar, to mention a few.

Mike Novogratz’s Net Worth Over Time

Mike Novogratz’s net worth has fluctuated over the years, primarily due to changing market conditions and the success of his corporate ventures. Of note, are the multiple recognitions of his wealth in several publications including Forbes and the Bloomberg Billionaires Index.

  • 2007: Ranked #317 on the Forbes 400 with a net worth of $1.5 billion.
  • 2008: Ranked #962 on the Forbes list of world billionaires with a net worth of $1.2 billion.
  • 2012: After the fall of Fortress’s stock price, his wealth decreased to $500 million.
  • 2016-2017: His net worth was estimated to be $1.25 billion with 20% of it comprising cryptocurrencies.

Is Mike Novogratz A Billionaire?

As of September 2023, Mike Novogratz is a billionaire with an estimated net worth exceeding $2 billion. Although his wealth dipped to $500 million in 2012, the Galaxy Digital CEO has been previously listed in the Forbes list of world billionaires in 2007 and 2008. The majority of his wealth can be attributed to his crypto portfolio, corporate shareholdings of companies he has founded, and business ventures.

About Mike Novogratz

Early life

Mike Novogratz was born on 26 November 1964 in Alexandria, Virginia, USA. His childhood was fairly normal where he grew up in a middle-class family and attended Fort Hunt High School. He followed in his father’s footsteps by joining the wrestling team and participating in numerous amateur tournaments and events between 1986 and 1987.

His tertiary education was completed at Princeton University where he obtained a bachelor’s degree in economics and eventually became the captain of Princeton Wrestling. After completing his undergraduate studies, Novogratz pursued further education and obtained a master’s degree in international relations from the University of Oxford. He then returned to the United States and began his professional career in finance.

NameMike Novogratz
Date of birth26 November 1964
Place of birthAlexandria, Virginia, USA
Estimated net worth$2 billion
Source of wealthCEO of Galaxy Digital, cryptocurrency holdings, real estate
EducationBachelor’s in Economics, Master’s in International Relations (University of Oxford)
ProfessionCEO of Galaxy Digital, investor


Novogratz started his career with the New Jersey National Guard as a helicopter pilot, but his financial career commenced in 1989 at Goldman Sachs. His first posting as a short-term bond salesman took him to Asia where he lived between 1992 and 1999 in Tokyo and Hong Kong. In 1998, he was elected partner and eventually became the president of Goldman Sachs Latin America division. In 1999, he left the company a year after it went public.

The next phase of Mike’s career comprised Fortress Investment Group in March 2002. Novogratz served numerous roles including principal and director of Fortress Investment Group LLC in 2006, as well as Co-Chief Information officer of Macro Funds.

After five years, Novogratz played a key role alongside Wesley Edens, Robert Kauffman, Randal Nardone, and Peter Bridger Junior to make the company public. In February 2007, the Initial Public Offering (IPO) sold 8% to the public for $600 million which was a key factor behind Novogratz’s wealth at the time. At the time of the IPO, Fortress’s stock price of $35 plummeted to $1.87 by December 2008, losing hundreds of millions of dollars.

Despite the freefall in Fortress stocks, Novogratz was already a multi-millionaire, estimated to be worth around $500 million. He left the company shortly after.

Mike Novogratz is the founder and CEO of Galaxy Digital Holdings Ltd. Galaxy Digital is a financial services and investment management company focused on cryptocurrencies and blockchain technology. Novogratz established the company with the goal of bridging the traditional financial world with the emerging world of cryptocurrencies and digital assets.

Frequently Asked Questions

Is Mike Novogratz a billionaire?

Mike Novogratz is a billionaire as of September 2023, with an estimated net worth of more than $2 billion. The CEO of Galaxy Digital was previously included in the Forbes list of world billionaires in 2007 and 2008, despite a decline in wealth to $500 million in 2012. A large portion of his fortune can be ascribed to his investments in cryptocurrencies, corporate ownership of businesses he started, and entrepreneurial endeavours.

How much is Michael Novogratz worth?

In 2023, Mike Novogratz is worth around $2 billion and has previously been ranked #317 and #962 as a billionaire in 2007 and 2008, respectively.


Mike Novogratz has had an interesting career path that has slowly but steadily increased his net worth since the early 2000s. His wealth has fluctuated due to market conditions and the performance of his business ventures, however, he has frequently been listed as a billionaire in a few publications.

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Disclaimer: This article is intended to be used and must be used for informational purposes only. It's important to understand that digital assets are risky, you should always do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.