Crypto bar nyc greenwich12/3/2023 ![]() ![]() “Mike Novogratz has done a fabulous job as chair for the last nine years, and I will try to fill his shoes as best I can!” Taylor said. Novogratz personally donated a $1.3 million gift to the Pier 26 Science Play Area in the park’s Tribeca section this past year. I know how much she cares about the park and the city, and I couldn’t be leaving Friends in better hands.” I could not be happier about having Diana Taylor taking over my role as chair. It’s just an incredible asset to have in a stressed-out place like New York City and has an amazing team of dedicated professionals who are committed to keeping it beautiful, clean and green. But, during the last two years of COVID, it’s hard to express how important it’s been for me and for my whole community. “I’ve always been a huge fan of the park and a big park user. “I could not be more proud of the work we accomplished for Hudson River Park and everyone who enjoys it during my nine years at the helm of Hudson River Park Friends,” Novogratz said. Taylor was chairperson of the Hudson River Park Trust from 2007 to 2021 and was a Trust board member beginning in 1999, when the organization was formed. Novogratz served as the Friends chairperson from 2013 to 2022, prior to which he was a board member of the Hudson River Park Trust, the state-city authority that is building and operates the 4-mile-long Hudson River Park. Meanwhile, back on April 14, Hudson River Park Friends announced that Novogratz was stepping own as the group’s board chairperson and would be replaced by Diana Taylor. However, seasoned investors like Warren Buffet have warned that Bitcoin and its digital ilk are a dangerous investment and little more than “a speculative bubble.” In an earlier tweet of his new arm ink, he crowed, “I’m officially a Lunatic!!!” Novogratz was one of the biggest backers of LUNA, even getting a tattoo of the digital coin on his shoulder four months ago, which he posted a photo of on Twitter. of Galaxy Investment Partners, which focuses on cryptocurrency investments. The epic tanking of one particular digital currency, LUNA, is being deemed the “most spectacular.” Novogratz, who was formerly a principal in Fortress Investment Group, is currently the C.E.O. Other major losers included the Winklevoss twins - whose fight with Mark Zuckerberg over the rights to Facebook was portrayed in the 2010 movie “The Social Network” - who are said to have lost around $2 billion, or 40 percent of their wealth, in the crypto crash. On Thursday, it was reported that Bitcoin and similar digital currencies had plunged to their lowest prices in more than a year and were in “free fall.”Īccording to the New York Post, Novogratz is among the top five “biggest losers” in the “crypto sell-off” - with his fortune shrinking from an estimated $8.5 billion last November to $2.5 billion today. In contrast, the cryptocurrency debacle was the opposite of calm and orderly. Novogratz’s term officially ended on Jan. Taylor as chairperson at our January meeting and Mr. The board formally nominated and appointed Ms. ![]() We announced at our gala in October that he would step down as chairperson early in 2022 and that Diana Taylor had agreed to serve as his successor. Novogratz informed the Hudson River Park Friends board three years ago that his next three-year term would be his final. Similarly, a Friends spokesperson said, “Mr. The board member noted that Novogratz originally only took on the Friends chairpersonship in 2013 because developer Douglas Durst had abruptly quit the post due to a falling out with Madelyn Wils, the former C.E.O. ![]() He served the organization really well, raised a lot of money for the park, and he figured it was time to move on.” “It has been in the works for six months,” the board member said of Novogratz’s giving up his position at the Friends. On a local level, though, the digital currency booster also made quieter news a month ago - and earned accolades for his past leadership - when he stepped down as the chairperson of the Hudson River Park’s main nonprofit fundraising group, Hudson River Park Friends.Īccording to a Friends board member who requested anonymity, the two events have nothing to do with each other. BY LINCOLN ANDERSON | Updated May 16, 12:00 a.m.: Financial titan Michael Novogratz was in the headlines last week as he took a multibillion-dollar hit in the reeling cryptocurrency market.
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