Ray Dalio’s profile picture

Ray Dalio

Founder & Co-Chief Investment Officer, Bridgewater Associates
Ray Dalio’s profile picture
Net worth 2018: $17.72 Billion
Industry: Investments
Residence: Greenwich, Connecticut
Country: United States
BirthDay: 1 August 1949
Sigh: Virgo
Children: 4
Education: Bachelor of Arts / Science, Long Island University; Master of Business Administration, Harvard Business School
BIOGRAPHY

Ray Dalio was bornon 1 August 1949 in Greenwich, Connecticut, United States, is Founder & Co-Chief Investment Officer, Bridgewater Associates. Ray Dalio is #69 in List Billionaires People In The World. Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $160 billion. His firm has been posting mixed results in recent years and his big Pure Alpha hedge fund has been struggling to post positive performance. 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.

NET WORTH STATISTIC
2009

$4 Billion

2010

$5 Billion

2011

$6.5 Billion

2012

$10 Billion

2013

$12.9 Billion

2014

$15.2 Billion

2015

$15.3 Billion

2016

$15.9 Billion

2017

$16.8 Billion

2018

$17.72 Billion

It's impossible to separate economics from managing money. Doing economic research makes me a better trader.

Ray Dalio
TIMELINE
Raymond Dalio (born August 1, 1949) is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. As of January 2018, he is one of the world's 100 wealthiest people, according to Bloomberg.Raymond Dalio was born in Jackson Heights, Queens, New York. He is the son of a jazz musician, Marino Dallolio (1911-2002), who "played the clarinet and saxophone at Manhattan jazz clubs such as the Copacabana,” and Ann, a homemaker. He is of Italian descent.Dalio began investing at age 12. At this young age he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company. Dalio received a bachelor's degree in finance from Long Island University (CW Post) and an MBA from Harvard Business School.After completing his education, Dalio worked on the floor of the New York Stock Exchange and traded commodity futures. He later worked as the Director of Commodities at Dominick & Dominick LLC. In 1974, he became a futures trader and broker at Shearson Hayden Stone. In 1975, he founded, out of his apartment, the Westport, Connecticut based investment management firm, Bridgewater Associates which in 2012 became the largest hedge fund in the world, as it is today, with over $160 billion in assets under management, as of October 2014.Dalio has said that he could continue improving his returns by solidifying recurring lessons into "principles."Dalio was co-CEO of Bridgewater for 10 months before he announced in March 2017 that he would step down as part of a company-wide shake-up by April 15. The company had been in a seven-year management and equity transition to find a replacement. Jon Rubinstein, co-CEO of the fund, was announced to step down with Dalio, but would retain an advisory role.Dalio resides with his wife Barbara (married in 1976/77) in Greenwich, Connecticut, and is known to practice the Transcendental Meditation technique. They have four sons. Their son Paul Dalio is a film director. Their second son, Matthew A. "Matt" Dalio is founder and chairman of the China Care Foundation, a non-profit that seeks to help Chinese orphans, and CEO of Endless Mobile, a computer operating system company.In 2007, Bridgewater predicted the global financial crisis, and in 2008 Dalio published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now", which explained his model for the economic crisis.In 2011, he self-published a 123-page volume called Principles, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List. Dalio has a fortune of $15.9 billion, making him the 30th richest person in America and the 69th richest person in the world.In 2013, Dalio began sharing his "investment secrets" and economic theories on YouTube via a 30-minute animated video which he narrates, called How The Economic Machine Works; the video has since been viewed over 4.6 million times, and has been translated and made available in Japanese, Chinese, Russian, Spanish, German, Italian and French.According to Forbes Magazine, Dalio has a net worth of $17 billion, as of July 2017.In April 2011, together with his wife Barbara, Dalio joined Bill Gates and Warren Buffett's Giving Pledge, vowing to donate more than half his fortune to charitable causes within his lifetime. Through the Dalio Foundation, he has directed millions in donations to the David Lynch Foundation, which promotes and sponsors research on Transcendental Meditation.
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