Ray Dalio
$15.4B
Born
Aug 08, 1949
Age
76
Source of Wealth
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
- 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.
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