Michael Novogratz

CEO, GALAXY DIGITAL, 53 ESTABLISHMENT Crypto net Worth: $700 million–$1 billion A well-known macro hedge fund manager, Novogratz, who hit the

Forbes billionaires list in 2007 before the ensuing economic meltdown, seems to have pulled off a nifty comeback. He began investing in crypto in 2013 and left Fortress Investment Group in 2015 to focus on the space. Given his background, Novagratz approached crypto as a trader.

“The guys who have done the best are the true believers who don’t have the speculative DNA,” says Novogratz. “If I had literally not sold my Ethereum when it was at $15, I probably would have made—I can’t tell you how much because it would make me sick.” (Ethereum recently changed hands for more than $1,000.) “You would kill yourself if you think that way,” he adds. Novogratz hasn’t been shy about terming the current environment a bubble—his goal is to make as much money as possible before it pops.

Right now that means rolling part of his digital currency winnings into his latest play, Galaxy Digital, a merchant bank devoted to crypto that he is working to list publicly in Canada.