Ray Dalio Biography– Raymond Thomas Dalio (born August 8, 1949) is an American hedge fund manager and billionaire investor who has served as co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, since 1985.
Bridgewater was formed in 1975 in New York by him. It was infused with a $5 million investment from the World Bank’s retirement fund within ten years. Dalio is considered as one of the most influential figures in finance, having popularized a number of well-known concepts such as risk parity, currency overlay, portable alpha, and global inflation-indexed bond management.
Dalio was born in New York City and attended Long Island University’s C.W. Post College before earning an MBA from Harvard Business School in 1973. Dalio founded Bridgewater two years later in his apartment. It was ranked as the world’s largest hedge fund in 2013.
Bloomberg ranked him the 79th wealthiest person on the planet in 2020. Dalio is the author of Principles: Life & Work, a book about business management and investment philosophy published in 2017. It was named a “gospel of radical transparency” by The New York Times, and it was featured on their best seller list.
Who is Ray Dalio ?
Ray Dalio is an American investor with a net worth of $25 billion dollars.
He began investing at the age of 12 as the son of jazz musician Marino Dallolio and Ann, a homemaker, in Jackson Heights, Queens.
He invested $300 in Northeast Airlines as a young investor, and his investment tripled once the airline merged with another company.
He graduated from Long Island University (CW Post) with a bachelor’s degree in finance and an MBA from Harvard Business School.
He worked on the floor of the New York Stock Exchange after graduating. He invested in commodity futures while he was there.
After a while, he became the Director of Commodities at Dominick & Dominick LLC.
Ray Dalio Net Worth: How much does he have?
Ray Dalio is a multibillionaire hedge fund manager and investor worth $25 billion as net worth. Ray Dalio is most known for launching Bridgewater Associates, the world’s largest hedge fund.
He has been the firm’s co-chief investment officer since 1985. Dalio is regarded as a pioneer in the field of finance, having popularized concepts such as currency overlay, portable alpha, and risk parity.
Ray Dalio Career
Later in his career, he worked at Shearson Hayden Stone as a futures trader and broker. Then, in 1975, he launched Bridgewater Associates, an investment management firm, from his flat.
With approximately $160 billion in assets under management, the business became the largest hedge fund in the world in 2012.
He announced in March 2017 that he would stand down as co-CEO of the hedge fund as part of a reorganization.
In 2008, he released an essay titled “How the Economic Machine Works; A Template for Understanding What is Happening Now,” which foresaw the global financial crisis. In it, he described his economic crisis model.
Then, in 2011, he self-published Principles, a 123-page book. Based on his expertise, he discussed his logic and personal philosophy for investments and business management.
He offered his investment secrets and economic theories in a YouTube video titled How The Economic Machine Works, which he narrated in 2013.
The 30-minute film has been translated and made available in various countries, including Japan, China, and Russia, and has received over 4 million views.
He’s also made the annual Time 100 list of the world’s 100 most influential individuals.
He is the 26th richest person in America and the 54th in the world, with a net worth of 17 billion dollars.
Ray Dalio Age: How old is he?
Ray Dalio age is 72 years, born on August 8, 1949 in Jackson Heights, New York, United States.
Dalio, 72, is the founder of Bridgewater Associates, the world’s largest hedge fund, situated in Westport, Connecticut.
Ray Dalio Wife: Barbara Dalio
Ray Dalio is married to Barbara Dalio. He currently resides in Greenwich with his wife Barbara, whom he married in 1976/1977. They have four sons together.
The China Care Foundation was founded and is led by their second son. The charitable organization attempts to assist Chinese orphans. Endless Mobile, a smartphone software startup, is run by the son.
Since 2011, he and his wife have pledged to donate more than half of his money to charity causes over his lifetime, following in the footsteps of Bill Gates and Warren Buffett.
Barbara Dalio is the founder and director of Dalio Education, a nonprofit organization that works with public school educators, schools, non-profit organizations, and communities across Connecticut to improve young people’s lives. She is also the co-founder and director of the Dalio Philanthropies foundation.