# Michael Novogratz

> Michael Novogratz is the New York-based founder and CEO of Galaxy, whose businesses span digital asset financial services and data center infrastructure. A Princeton economics graduate and former wrestling captain, he became a Goldman Sachs partner and Fortress executive before building Galaxy. His public record includes the Luna controversy and Galaxy’s $200 million New York settlement, alongside support for Beat the Streets, the Bail Project and REFORM Alliance.

- **Role:** Founder and CEO at Galaxy
- **Organizations:** Galaxy, Galaxy Investment Partners, Goldman Sachs (former partner), Fortress Investment Group (former partner and president), Galaxy Gives (founder and co-chair), The Bail Project (board chair), REFORM Alliance (founding partner and board member), Beat the Streets (chairman emeritus), Hudson River Park Friends (board chair)
- **Nationality:** American
- **Education:** A.B. in Economics, Princeton University, Fort Hunt High School
- **Known for:** Became a Goldman Sachs partner in 1998., Built Fortress’s liquid markets business after joining in 2002., Founded Galaxy, which began trading on Nasdaq in May 2025.

## Career timeline

- **1987** — Graduated from Princeton with an economics degree; captained its wrestling team and qualified for the NCAA championships in 1986 and 1987.
- **1989** — Joined Goldman Sachs after military service as a helicopter pilot.
- **1992–1999** — Worked in Asia for Goldman Sachs, including Tokyo and Hong Kong.
- **1998** — Elected partner at Goldman Sachs.
- **2002** — Joined Fortress and founded its liquid markets business.
- **2007** — Fortress went public; received the National Wrestling Hall of Fame Outstanding American honor.
- **2012–2015** — Served on the New York Federal Reserve’s Investor Advisory Committee on Financial Markets.
- **2013** — Began investing in crypto.
- **2015** — Fortress announced the closure of its macro funds and Novogratz’s planned retirement; its 2026 proxy gives his tenure end date as January 4, 2016.
- **2017** — Founded Galaxy Gives; became involved with the Bail Project. Galaxy’s proxy dates his CEO service to December 2017.
- **2018** — Galaxy began operations, seeking to bring institutions into digital assets.
- **2019** — Helped found REFORM Alliance.
- **2022** — Publicly displayed his Luna tattoo; after Terra’s collapse, described it as a reminder of humility. Galaxy agreed to acquire Helios in December for approximately $65 million.
- **2025** — Galaxy agreed to a $200 million Luna settlement with the New York attorney general, signed its initial CoreWeave lease and began Nasdaq trading on May 16.
- **2026** — Galaxy delivered Helios Phase I to CoreWeave, including 133 MW of critical IT load, during Q2.

## Achievements

- Became a Goldman Sachs partner in 1998.
- Built Fortress’s liquid markets business after joining in 2002.
- Founded Galaxy, which began trading on Nasdaq in May 2025.
- Captained Princeton wrestling; two-time All-Ivy selection and NCAA qualifier.
- Received the National Wrestling Hall of Fame Outstanding American award in 2007.
- Supported the expansion of youth wrestling through Beat the Streets.
- Helped establish REFORM Alliance and supported the Bail Project.

## Latest updates

- **2026-10** — Galaxy announced on October 13 that its Q3 2026 results and investor call are scheduled for October 27; those results had not yet been reported at the research cutoff.
- **2026-08** — Galaxy reported completion of Helios Phase I, delivering 200 MW gross power and 133 MW critical IT load to CoreWeave; its Q2 2026 GAAP net loss was $85 million.
- **2026-06** — Joined CFO Tony Paquette for an investor AMA covering Helios, company valuation and digital assets.
- **2026-05** — Galaxy announced a BitLicense and Money Transmission License for GalaxyOne Prime NY.
- **2026-04** — Published the 2025 annual report CEO letter, outlining digital asset and AI infrastructure ambitions.

## Links

- Website: https://www.galaxy.com/
- LinkedIn: https://www.linkedin.com/in/novogratz
- Twitter/X: https://x.com/novogratz
- YouTube: https://www.youtube.com/c/mikenovo/
- Instagram: https://www.instagram.com/mikenovo/
- Facebook: https://www.facebook.com/mikenovogratz/

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Profile page: https://yespress.io/michael-novogratz
Published by YesPress — https://yespress.io
Last updated: 2026-10-14