Rank #194
Ray Dalio
Net worth $15.4B
Hedge funds · United States
- Born
- Aug 08, 1949
- Age
- 76
- Source
- Hedge funds
- Residence
- Greenwich, Connecticut
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Long Island University
Net worth over time
Biography
- Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which now manages $92 billion.
- Dalio stepped down as CEO in 2017, retired as co-CIO in 2022 and sold off his full stake in the firm by 2025.
- Dalio grew up in a middle-class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied.
- In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.
- Dalio has given more than $1 billion to philanthropic causes. His Dalio Philanthropies has supported microfinance and public education.
- In 2017, Dalio published "Principles: Life & Work," a New York Times bestseller that codifies his principles.
- Bridgewater is known for its culture of "radical transparency," including encouraging dissent, openly airing disagreements and recording all meetings.