[8] After a stint in the New Jersey National Guard that included service as a helicopter pilot, Novogratz began his career with Goldman Sachs in 1989.

[11] He took a salesman position for Goldman in Tokyo in 1992,[10] and eventually Jon Corzine sent him to Hong Kong to run a trading desk for the firm.

[11] Although the Fortress' domain included both hedge funds and private-equity investments, Novogratz and his fellow Princetonian Briger ran[when?]

[13] Although the stock price had risen to $35 at its IPO, by December 3, 2008, it dipped to as low as $1.87 after withdrawals from Novogratz' Drawbridge Global Macro fund were shut off.

[13][needs update] Fortress folded after Novogratz and his colleagues lost hundreds of millions betting on the Swiss franc and Brazilian assets.

[14] Originally scheduled to start his Galaxy Digital Assets Fund on December 15, 2017, he shelved plans because he "didn't like market conditions.

[20] A few weeks later, UST(the algorithmic Terra Luna stable coin), which claimed that it was pegged to the US Dollar, lost nearly all of its value.

[20] New York Governor David Paterson appointed Novogratz to sit on the Hudson River Park Trust's board of directors in 2010.

[1] He serves as a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets.

[7] Novogratz is the chairman and founder of Beat the Streets, a non-profit organization which fosters the sport of wrestling in New York City public schools.

[25] The same year, he became a member of Kappa Beta Phi,[26][27] a Wall Street "secret society" made up of wealthy financial executives.