Mike Novogratz
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Mike Novogratz
Michael Edward Novogratz (born November 26, 1964) is an American investor, formerly of the investment firm Fortress Investment Group. He is currently CEO of Galaxy Investment Partners which focuses on investments in cryptocurrency. Early life Raised in Alexandria, Virginia, Novogratz is the third of seven children of West Point football lineman and 1958 Knute Rockne Award (best lineman) winner Robert, Sr. He attended Fort Hunt High School. Novogratz was state of Virginia high school wrestling runner-up before serving as Princeton Wrestling captain. Novogratz was first team All-Ivy League in both 1986 () and 1987 (). He qualified for the National Collegiate Athletic Association (NCAA) wrestling championships in both 1986 and 1987 (both at ). Novogratz earned his A.B. in economics. At the 1987 NCAA wrestling championships, he made it to the round of 16 in the winners bracket and was eliminated from the consolation bracket in the round of 12. Career After a stint in the New Jer ...
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Fort Hunt High School
Fort Hunt High School was a public secondary school near Alexandria, Virginia from 1963 until 1985, when it was converted to a middle school. Constructed at a cost of $2.5 million, Fort Hunt High opened its doors at 8428 Fort Hunt Road in 1963, toward the end of the post–World War II baby boom, as part of the Fairfax County Public Schools. The school suffered $4.5 million in fire damage as the result of arson on December 30, 1978, when two seniors at the school and a 1978 graduate threw Molotov cocktails into the building. The fire resulted in the forced relocation of 1,700 students who were sent on a split shift to nearby Groveton and Mount Vernon High schools through the remainder of the 1978–79 school year. In 1985, due to declining enrollment, and after contentious political and legal battles to keep the school open, Fort Hunt was combined with Groveton High School to form West Potomac High School, located on Groveton's campus. The Fort Hunt campus was converted into Ca ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Vanity Fair (magazine)
''Vanity Fair'' is a monthly magazine of popular culture, fashion, and current affairs published by Condé Nast in the United States. The first version of ''Vanity Fair'' was published from 1913 to 1936. The imprint was revived in 1983 and currently includes five international editions of the magazine. As of 2018, the Editor-in-Chief is Radhika Jones. Vanity Fair is most recognized for its celebrity pictures and the occasional controversy that surrounds its more risqué images. Furthermore, the publication is known for its energetic writing, in-depth reporting, and social commentary. History ''Dress and Vanity Fair'' Condé Montrose Nast began his empire by purchasing the men's fashion magazine ''Dress'' in 1913. He renamed the magazine ''Dress and Vanity Fair'' and published four issues in 1913. It continued to thrive into the 1920s. However, it became a casualty of the Great Depression and declining advertising revenues, although its circulation, at 90,000 copies, was a ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Rob Kauffman (businessman)
Robert Kauffman (born June 6, 1964) is an American businessman, investment banker, racing team owner and racing driver. Founder of Fortress Investment Group, Kauffman retired from investing in 2012. Motorsports In October 2007, Kauffman purchased part ownership of Michael Waltrip Racing, a NASCAR Sprint Cup Series team. Kaufman also owns RK Motors, a car collection in Charlotte, North Carolina, where he resides; he also competes in sports car racing events and has competed in the 2011 and 2012 24 Hours of Le Mans, the 2012 and 2013 24 Hours of Daytona, and in the Rolex Sports Car Series. On July 7, 2014, Kauffman was named the chairman of the Race Team Alliance, a partnership between eighteen Cup teams. In July 2015, ''SportsBusiness Daily'' reported that Kauffman was interested in purchasing a stake in Chip Ganassi Racing. It was verified the next day, when Kauffman confirmed that he was now a part of Ganassi's organization. Motorsports career results Sports car racing (ke ...
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Wesley Edens
Wesley Robert Edens (born October 30, 1961) is an American billionaire businessman and private equity investor. He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. Edens is co-owner of the Milwaukee Bucks NBA franchise based in Milwaukee, Wisconsin, along with Marc Lasry. He is additionally the co-owner of football club Aston Villa, alongside Nassef Sawiris. Biography In his teenage years, Edens was a competitive skier. Edens received a B.S. in Finance and Business Administration from Oregon State University in 1984. Edens and his wife Lynn have four children, and his daughter represented the Milwaukee Bucks in the 2014 NBA Draft lottery. His personal interests include horse jumping, alpine skiing and mountain climbing. Edens built and owns Caldera House, an eight-room boutique hotel and private ski club in Jackson Hole, Wyoming. Career Lehman Brothers and BlackRock He began his career in 1987 at Lehman Brothers, where he was a partner and manag ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Partner (business Rank)
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders. Law firms In law firms, partners are primarily those senior lawyers who are responsible for generating the firm's revenue. The standards for equity partnership vary from firm to firm. Many law firms have a "two-tiered" partnership structure, in which some partners are designated as "salaried partners" or "non-equity" partners, and are allowed to use the "partner" title but do not share in profits. This position is often given to lawyers on track to become equity partners so that they can more easily generate business; it is typically a "probationary" status for associates (or former equity partners who do not generate enough revenue to maintain equity pa ...
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Jon Corzine
Jon Stevens Corzine ( ; born January 1, 1947) is an American financial executive and retired politician who served as a United States Senator from New Jersey from 2001 to 2006 and the 54th governor of New Jersey from 2006 to 2010. Corzine ran for a second term as governor but lost to Republican Chris Christie. A member of the Democratic Party, he previously worked at Goldman Sachs; after leaving politics, he was CEO of MF Global from 2010 until its collapse in 2011. Education and early business career Corzine was born in Taylorville, Illinois, the son of Nancy June (née Hedrick) and Roy Allen Corzine, Jr. His grandfather Roy A. Corzine, Sr. served in the Illinois General Assembly. He grew up on a small family farm in Willey Station, Illinois near Taylorville. After completing high school at Taylorville High School, where he had been the football quarterback and basketball captain, he attended the University of Illinois at Urbana–Champaign, where he was a member of the Phi De ...
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Bloomberg Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the b ...
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Money Market
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale. There are several money market instruments in most Western countries, including treasury bills, commercial paper, banker's acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. The instruments bear differing maturities, currencies, credit risks, and structures. A market can be described as a money market if it is composed of highly liquid, short-term assets. Money market funds typically invest in government securities, ce ...
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